Monthly Archives: <span>December 2020</span>

University of Vermont Medical Center Continuing Cyber Attack Recovery

The University of Vermont Medical Center is continuing to recover from the cyber attack late last month that crippled access to electronic records at the Burlington hospital. On Tuesday, the hospital said it had successfully restored access to its main …

D.C. Postpones All P/C Insurance Rate Increases During COVID Crisis

The Washington D.C. Department of Insurance, Securities and Banking (DISB) issued a new insurance bulletin to notify all property and casualty insurers that for the duration of the coronavirus pandemic, all filed rate increases will be postponed, effective immediately. The …

Workers’ Comp Insurance MGU Method Adapts Cutting Edge AI Solution to Streamline Underwriting

Nashville, TN, December 1, 2020 – Method has partnered with Gradient AI to incorporate state-of-the-art Artificial Intelligence (AI) and Machine Learning (ML) solutions into the underwriting process. Method utilizes Gradient’s Artificial Intelligence Predictive Underwriting Model to predict the number of …

Insurers Looking Into Rise in Lawsuits Against Firms Over Lack of Diversity

U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources said. Insurers are meeting company officials to examine …

Hyundai, Kia To Pay $210 Million U.S. Penalty for Failure to Recall Autos

Hyundai Motor Co. and Kia Motors’ U.S. units on Friday agreed to a record $210 million civil penalty after U.S. auto safety regulators said they failed to recall 1.6 million vehicles for engine issues in a timely fashion. The U.S. …