Drivers of bigger vehicles such as pickup trucks and SUVs are more likely to hit pedestrians while making turns than drivers of cars, according to a new study. The research released Thursday by the Insurance Institute for Highway Safety points to the increasing popularity of larger vehicles as a possible factor in rising pedestrian deaths on U.S. roads.
Though the insurance industry has been quick to adopt digital claims processes, including photo estimates, customer dissatisfaction with the technology remains a significant concern, industry representatives who took part in a Reuters Events webinar agreed Tuesday.
The discourse around algorithm fairness has garnered increasing attention throughout the insurance industry. As the use of machine learning has become more common, from marketing and underwriting to claims management, regulators and consumer rights organisations have raised questions about the ethical risks posed by such technology.
In the late 1980s, Qualcomm Inc. made a revolutionary change by developing two-way mobile satellite communications and vehicle tracking for the commercial trucking industry. For the first time, a fleet manager could pinpoint the location of one of his assets in real time and communicate with its driver.
A recent federal court ruling holding that a migrant farm worker’s death from COVID-19 fell within the scope of workers compensation law is part of a growing body of rulings that bar liability lawsuits related to the pandemic against employers.
Allianz (ALVG.DE) and Swiss Re (SRENH.S) said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia.<br />The German insurer and Swiss reinsurer join banks Deutsche (DBKGn.DE), Goldman Sachs (GS.N) and JPMorgan Chase (JPM.N) which have exited Russia following its Feb. 24 invasion of Ukraine and subsequent Western government sanctions.
An insurer is not obligated to defend or indemnify a landscaping company for a catastrophic landslide that occurred at homeowners’ properties under a policy exclusion, a federal appeals court ruled Friday in affirming a lower court ruling.
The tech industry is growing and evolving at an exponential pace. New opportunities and innovations are appearing every day. The majority of college degrees earned are in STEM fields.
"What we’ve got here is a failure to communicate.’ This line is said to Paul Newman’s titular character in the 1967 film ‘Cool Hand Luke.’ It’s often used in popular culture today to refer to when two sides have reached an impasse in their discussions.
While I feel extremely qualified to write about how to work towards your CPCU during Life With Young Children (alternately titled ‘Not Your Life Anymore’), this is not intended to be a step-by-step guide.
A person may only hold insurance companies liable for the denial or delay of payments on a claim, and not individual claims handlers, the Colorado Supreme Court ruled on Monday.
The COVID-19 pandemic changed how the insurance industry attracts and keeps talent -- probably for good. ‘You will not retain your talents if you don’t offer them an upgraded employee experience and you need to attract new skills, which are required for transforming the insurance business into a more digital, customer-centric business," said Isabelle Santenac, global insurance leader for Ernst & Young.
A $38.5 million settlement has been reached between the builders of a bridge over the 91 Freeway in Corona and nine workers injured when part of the structure collapsed in 2015.
All east and westbound lanes on Route 581 have reopened after a pile-up crash involving 73 vehicles on Saturday afternoon that miraculously resulted in no reported life-threatening injuries.
The Casualty Actuarial Society (CAS) has developed a series of papers examining the issue of race and insurance pricing and seeking to contribute constructively to the policy discussion around it.
