Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. “We recently introduced AI claims handling … and saved 40,000 work hours, while speeding …
Days after the global cyber attack, U.K. police are trying to figure out whether it was an established network of criminals, state-backed hackers or bored teenagers that crippled the country’s health service. The malware campaign affected more than 200,000 computers …
Markel Corp. announced it plans to apply for regulatory approval to establish an insurance company in Germany to ensure that whatever the outcome of the Brexit negotiations it will be able to meet the insurance needs of clients in the …
Insurers in over 100 countries face a “once in a lifetime” accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. Twenty years in the works, the new …
State officials say 170,000 acres in Florida have burned from wildfires since the start of the year. Florida Agriculture Commissioner Adam Putnam said that more than 127 active fires were burning in Florida as of Monday. Since the start of …
The eastern Pacific hurricane season is starting off with a whimper. While one short-lived tropical storm developed off Mexico’s Pacific coast last week, the earliest on record, computer models show another one isn’t likely soon, said Jeff Masters, co-founder of …
A group of about a dozen Republican governors is pushing for its own set of national healthcare reforms, flexing its considerable muscle in the national debate over the future of Obamacare as the U.S. Senate begins writing its bill. Led …
A New York woman has sued the Target corporation after one of its two-ton red balls rolled into her driver’s side door. Eileen Grady claims in her lawsuit that the company “knew or should have known” the concrete balls would …
New England is drought free. That’s according to the latest weekly report issued by the U.S. Drought Monitor. While conditions in about a quarter of the state of Connecticut remain “abnormally dry,” no portion of the six-state region is considered …
New York state is moving to restrict the ability of auto insurers to use a customer’s job or education to set premiums. Gov. Andrew Cuomo announced the proposed regulation Tuesday. The Democrat says it’s necessary to stop an unfair and …
