Claims / Legal
Newspapers Sue OpenAI for Copyright Infringement Over AI Training
A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing ...
Growing Progressive Set to Hire 10,000+ in Claims, IT, Other Roles
Progressive Insurance isn't just growing the number of policies it writes but aims to hire thousands to support several years of year-over-year growth, according to a media statement published in ...
Time-Tested Loss Reserving Methods Challenged: AM Best
Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, ...
EPA Sets First U.S. Drinking Water Standards to Limit Toxic PFAS
About 100 million people will be exposed to fewer cancer-causing "forever chemicals" under the country's first-ever drinking water standards for PFAS finalized Wednesday by the EPA, White House ...
Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says
Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be ...
Ready or Not, 80% of P/C Insurers Aim to Use AI for Biz Decisions This Year
Two-thirds of property/casualty insurers plan to start using AI in operational decisions this year, according to a survey, which also reveals that nearly all insurers already using AI have been ...
Why Do I Need a Lawyer? I Was Just Out for a Walk
During a recent webinar, an insurance company representative imagined the thought process of potential plaintiffs who might consider calling a lawyer.
Why Insurers Should Develop Strategies for Estimating PFAS Loss Reserves
Perfluoroalkyl and polyfluoroalkyl substances (PFAS) are everywhere in the news lately. PFAS refers to a class of chemicals renowned for resisting heat, water and stains—substances that are found ...
Report: Ransomware Attacks ‘More Frequent, More Sophisticated, More Effective’
Ransomware attackers are using a multitude of techniques to gain access in attacks that are becoming "more frequent, more sophisticated, and more effective," according to new report compiled from ...