Claims & Reserving
Planck Pulls in $20M, Plans to Expand AI Data Platform Globally
Planck has attracted $20 million in additional venture capital cash. The InsurTech startup - centered around an AI-based data platform for commercial insurance - plans to use the investment to expand ...
Insurer Reviews Options After Egyptian Court Allows Continued Container Ship Detention
An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its ...
Liberty Mutual and TuSimple to Assess Autonomous Truck Safety
Liberty Mutual Insurance plans to work with TuSimple, a self-driving technology company, to assess if autonomous trucks are safer than human-driven vehicles. Specifically, the companies will compare ...
How COVID Impacts Insurance in Unforeseen Ways
Having recently marked the one-year anniversary of the COVID-19 pandemic, it seems like an opportune time to consider how the pandemic has impacted the insurance industry. While business interruption ...
New FAA Rules Should Expand Commercial Use of Drones
New Federal Aviation Administration rules are expected to clear the way for expanded commercial use of drones, which are increasingly being used by insurers to assess property damage. The updated ...
GEICO Must Pay $2.7M to Settle Claim After Rejecting $30,000 Payout
GEICO Indemnity Co.'s refusal to settle a bodily injury claim for $30,000 will cost it more than $2.7 million, under a ruling Monday by the Georgia Supreme Court. The high court's 7-0 decision ...
Insurers Team With Truckers to Fight Tow Truck Fraud
Insurers are teaming up with truckers to persuade state lawmakers to pass laws that they hope will cut down on fraud by tow truck operators. The Coalition Against Insurance Fraud announced Monday ...
Australia’s Floods Will Hit Insurers’ 2021 Earnings, Lead to Reinsurance Rate Spike
Insured losses from Australia's March floods are expected to hit general (or property/casualty) insurers' underwriting margins and earnings in 2021, while putting more upward pressure on reinsurance ...