News, trends, and analysis for the P/C claims industry.
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Advancements in generative artificial intelligence are enhancing claims processes in many ways, from improving First Notices of Loss (FNOLs) to analyzing videos and images to assessing damage quickly. https://lnkd.in/gxnSNqXr
Top reinsurers are showing increasing—but disciplined—appetite for natural catastrophe risks as a result of rising demand, better pricing, more favorable terms and conditions, and sound investment income, according to a report published by S&P Global Ratings. https://lnkd.in/gR7TeVr7
Attorneys representing both living and deceased patients of an Oregon hospital filed a $303 million lawsuit against the facility after a nurse was accused of replacing prescribed fentanyl with nonsterile tap water in intravenous drips. https://lnkd.in/dWSDiWgG
Hong Kong raised its storm warning to the third-highest level as Super Typhoon Yagi skirts the city, with flights set to be disrupted throughout Friday as the storm tracks toward southern China. https://lnkd.in/dxTD9xGF
As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. https://lnkd.in/dJHU8YcT
"But by utilizing GenAI tools, claims professionals can boost their capacity for empathy," writes Marc Rothchild, head of claims at Xceedance.
Top reinsurers are showing increasing appetite for natural catastrophe risks due to rising demand, better pricing, more favorable terms and sound investment income, writes Insurance Journal's Lisa Howard.
Tell your agency buddies.
A report from Sedgwick shows a 13.3% drop in recalls across five key industries from Q1.