AI is having quite a moment. One high profile AI app, ChatGPT, has become the fastest growing consumer app in history. It garnered over a million users in its first five days and hit one 100 million active users in just two months.
August 21 International Insurance SocietyTechnology
These days, cars are computer centers on wheels. Today’s vehicles can contain over 100 computers and millions of lines of software code. These computers are all networked together and can operate all aspects of your vehicle. It’s not surprising, then, that car theft has also become high-tech.
The Urban Automobile Insurance Fraud Task Force successfully dismantled an alleged auto insurance fraud ring that had been operating for years, resulting in the arrest of seven individuals yesterday. A total of 23 individuals are facing felony counts of insurance fraud and conspiracy in connection to the case.
Allstate (ALL.N) agreed to pay $90 million to settle a class action lawsuit by shareholders who accused the insurer of defrauding them by concealing that it lowered underwriting standards to boost growth.
When it comes to civil litigation, there is far more attention on nuclear verdicts compared to nuclear settlements. However, with only approximately 5% of civil cases going to trial, nuclear settlements are considerably more frequent.
Sixteen survivors of a 2022 mass shooting at a Buffalo supermarket filed a lawsuit Tuesday in New York’s Erie County Supreme Court against social media companies, the manufacturers of the shooter’s weapons and body armor and the shooter’s parents.
When Victoria Aumiller, AIC, WCP, claims specialist, Chesapeake Employers Insurance came to the organization 14 years ago, she didn’t realize how meaningful her job would be. Like many of her peers, Aumiller appreciates being able to make a direct impact to assist workers and their families.