On Oct. 12, 2022, the Illinois Biometric Information Privacy Act (BIPA), a state law that restricts collection of biometric data, made headlines again when a Chicago jury rendered a $228 million judgment against BNSF Railway Co. in the first BIPA class action to go to trial.
Touchless claims aren’t just the future of the insurance industry -- they’re the present. Customers today have shifted from being familiar with doing business online to largely preferring it in many cases, and that ripple effect has been felt and registered by insurance companies globally.
Norfolk Southern Railway and Norfolk Southern Corp. are facing multiple lawsuits, including class-action suits seeking over $5 million in damages, following a train derailment and release of toxic chemicals in East Palestine, Ohio, on February 3.
The Louisiana Department of Insurance (LDI) has found evidence that McClenny, Moseley & Associates (MMA), a Houston-based law firm, engaged in an illegal insurance scheme involving Alabama-based Apex Roofing and Restoration.
Fouad Zeton, a restaurateur and former owner of a Lower Garden District mansion that has played host to a slew of New Orleans political fundraising events, is set to plead guilty to a federal wire fraud charge, court records show.
Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is officially broke and will soon be liquidated.
As part of a two-part series focusing on present and emerging supply chain risks, Chubb analyzed the current international supply chain risk landscape to identify some of the main issues impacting businesses around the world.
The National Highway Traffic Safety Administration (NHTSA) requested additional information from Tesla following a California crash on Saturday in which one of its vehicles collided with a fire truck parked at an accident scene.
A case of first impression for the 8th circuit, in Ahern Rentals Inc. v. EquipmentShare.com Inc. et al., 22-1399.-- (February 7, 2023) – prevailing the standard of today and held that allegations pled on information and belief are not categorically insufficient to state a claim for relief where the proof supporting the allegation is within the sole possession and control of the defendant or where the belief is based on sufficient factual material that makes the inference of culpability plausible.
Dealing with property restoration claims is no easy feat, especially for insurance companies. By implementing strategies, insurance companies can streamline the restoration claims process and reduce claims costs while building trust with their policyholders.
On Oct. 12, 2022, the Illinois Biometric Information Privacy Act (BIPA), a state law that restricts collection of biometric data, made headlines again when a Chicago jury rendered a $228 million judgment against BNSF Railway Co. in the first BIPA class action to go to trial.
AI’s capabilities have surged so much that it has the potential in 2023 to dramatically raise the quality of claims handling and underwriting in workers’ compensation.
Today’s insurers use big data from myriad sources to underwrite more accurately, price risk and create incentives for risk reduction. From telematics that tracks driving behavior to social media that creates a digital footprint that could offer unprecedented insights, new sources of data are now capable of producing highly individualized profiles of customer risk.
Given the vast number of proposals to close ‘the protection gap’ offered by regulators, reinsurers, insurers, brokers and other industry participants in recent years, it is a wonder that it persists.
