A research team funded by insurance carriers will soon launch a system that uses block chain technology to allow claims adjusters from multiple insurers to share access to a single first notice of loss. The RiskStream Collaborative said that it …
Frontline Picks Crawford & Co. for Catastrophes Frontline Insurance has named Crawford & Co. as its exclusive provider for catastrophe claims, the Atlanta-based third-party administrator said in a press release. Frontline serves residential and commercial property owners in Florida, Alabama, …
Beazley Names Successor after Hobkinson Retires Beazley Group announced that its head of third-party complex claims, Beth Diamond, will succeed Anthony Hobkinson as group head of claims following Hobkinson’s retirement in February. Diamond joined Beazley as claims team leader in …
The rapid rise of crash-avoidance technology has set carmakers and repair shops on course for a collision that could determine who controls the $800 billion auto aftermarket in the digital age. Given the unprecedented sophistication of the systems, which include …
Bayer AG faces a surge in lawsuits from people alleging that its weedkiller Roundup causes cancer, ratcheting up the legal pressure as the company engages in settlement talks. There are now 42,700 U.S. plaintiffs suing over Roundup — the herbicide …
Regulators want to reduce U.S. dependence on foreign-made pharmaceutical ingredients, as a wave of recalls has raised questions about the safety of the global drug-supply chain. The Food and Drug Administration is encouraging drug companies to invest in new production …
Johnson & Johnson said on Tuesday that 15 new tests found no asbestos in a bottle of baby powder that the U.S. Food and Drug Administration says tested positive for trace amounts of asbestos, a finding the agency stands by. …
Oregon state regulators say insurance carriers are too often using photo estimates as a means of making low-ball settlement offers to policyholders without a thorough investigation. Insurance Commissioner Andrew Stolfi on Oct. 21 released a proposed draft of a bulletin …
Executives at Kirby Co.’s home office noticed an odd trend: Its door-to-door vacuum-cleaner salespeople were increasingly involved in the same side gig — pitching CBD oil. Kirby, whose parent company is owned by Warren Buffett’s Berkshire Hathaway Inc., didn’t like …
Consumers don’t always have to pay extra to acquire a good pedestrian crash-avoidance system: Some of the best systems come as standard equipment, according to the Insurance Institute for Highway Safety. The institute rated pedestrian crash prevention systems in 16 …