As generative AI transitions from an emerging innovation to a tried-and-true tool, this multi-use technology has given way to key use cases for the risk and insurance space. According to a recent study, by the end of 2023, half of …
PORTLAND, Ore. (AP) — A new map in Oregon that rated the wildfire risk of every tax lot in the state — labeling nearly 80,000 structures as high-risk — generated so much pushback from angry homeowners that officials abruptly retracted …
Sedgwick Buys Managed Care Advisors Sedgwick has acquired Managed Care Advisors, a Bethesda, Maryland-based firm that provides workers’ compensation and speciality health plan products to the federal government. MCA has provided claims management, disability and absence management, analytics and speciality …
Farmers Insurance announced Monday that California regulators have approved its plan to assess wildfire risk by using a tool that combines artificial intelligence with high-resolution aerial photography. The carrier said the Z-Fire risk scoring model developed by Zesty.ai is expected …
Startup Offering Free Climate Risk Checkups ClimateCheck, a San Francisco startup, is offering consumers free reports that assess the vulnerability of individual properties to climate-related risks such as wildfires and flooding. The company said in a press release that ClimateCheck …
CHICAGO — The U.S. Department of Agriculture announced on Thursday a rule that will simplify or waive agency reviews of certain biotech farm products, including plants and seeds that have been genetically modified or engineered. As a result, some products …
A Federal Aviation Administration official wrote a memo last month saying that Southwest Airlines Co. should ground 49 of its airliners because repairs were performed that didn’t meet legal standards. There is “a high likelihood of a violation of a …
When the call comes in, as it did on a frigid April morning, rescue crews from Coast Guard Sector Delaware Bay are expected to be ready and under way within a half-hour. About 8:30 a.m., a passing vessel reported a …
Catastrophe models are a great risk management tool for property/casualty insurers but even the person who created the first one is worried that they are being given more credit and influence than they deserve. Karen Clark is an expert in …