New Mexico said on Thursday it filed a lawsuit against Snapchat owner Snap Inc. alleging that the messaging app’s policies and design features facilitate the sharing of child sexual exploitation material. The lawsuit brought by New Mexico Attorney General Raul …
Hershey urged a U.S. judge to dismiss a lawsuit claiming it misled consumers about several Reese’s peanut butter candies, using its request to level a broadside against what it considers baseless class action litigation over product packaging. In a Wednesday …
Resilience named Jeremy Gittler global head of claims. Gittler will lead the company’s global claims team. Before Resilience, he held underwriting and claims leadership positions at AXA XL, where he built its cyber claims team. Earlier in his career, he …
The Dutch data protection watchdog issued facial recognition startup Clearview AI with a fine of 30.5 million euros ($33.7 million) over its creation of what the agency called an “illegal database” of billion of photos of faces. The Netherlands’ Data …
The property/casualty insurance industry is contributing to improved cyber hygiene in the U.S., a survey of insurers, agents, and brokers conducted by the American Property Casualty Insurance Association and the Council of Insurance Agents & Brokers shows. The survey responses …
As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage vehicles, …
Hong Kong raised its storm warning to the third-highest level as Super Typhoon Yagi skirts the city, with flights set to be disrupted throughout Friday as the storm tracks toward southern China. The Hong Kong Observatory issued a so-called Typhoon …
Attorneys representing both living and deceased patients of an Oregon hospital filed a $303 million lawsuit against the facility after a nurse was accused of replacing prescribed fentanyl with nonsterile tap water in intravenous drips. The wrongful death and medical …
Top reinsurers are showing increasing—but disciplined—appetite for natural catastrophe risks as a result of rising demand, better pricing, more favorable terms and conditions, and sound investment income, according to a report published by S&P Global Ratings. Most of the 19 …
The robots are coming—and in some cases, they’re here. Advancements in generative artificial intelligence are enhancing claims processes in many ways, from improving First Notices of Loss (FNOLs) to analyzing videos and images to assessing damage quickly. With all of …