Tractable, the London-based insurtech that uses artificial intelligence (AI) for visual claims assessments and disaster recovery, announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors Insight Partners and Georgian participated in the round. Tractable said …
American workers are struggling. Employee stress has reached record highs. Symptoms and formal diagnoses of mental illnesses like anxiety, depression and PTSD are rising. Substance abuse disorders are up, too – as are suicide rates in some demographics. Understanding how …
California workers’ compensation private self-insured claim frequency rose 6% last year as both medical-only and indemnity claim volume increased, but a new report suggests that many of the claims may have been low-cost COVID-19 cases. A California Workers’ Compensation Institute …
Roughly 13% of COVID-19 claims with medical payments received treatments for long COVID symptoms in the workers’ compensation system, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released an updated COVID-19 report, Medical Characteristics of COVID-19 …
A significant number of Americans ages 44 and younger show a high level of tolerance for insurance fraud, according to a new survey of insurance consumers by Verisk and the Coalition Against Insurance Fraud. The accompanying study found that while …
California Insurance Commissioner Ricardo Lara and California Labor Commissioner Lilia Garcia-Brower on Monday announced the resolution of criminal charges filed against Golden Food Inc in a plea agreement in which the company admitted to a litany of labor violations, including …
The Workers’ Compensation Insurance Rating Bureau of California issued its Quarterly Experience Report, an update on California statewide insurer experience valued as of Dec. 31, 2022. Highlights of the report include: California written premium in 2022 was 14% above that …
A new report shows the number of independent medical reviews in California used to resolve medical disputes hit a record low in 2022 as prescription drug disputes continued to decline. The report from the California Workers’ Compensation Institute also shows …
Montana Governor Greg Gianforte approved three legal reform measures intended to provide consumer protections and disclosures and reduce frivolous lawsuits with the ultimate goal of lowering costs and increasing the availability of insurance. “We applaud Gov. Gianforte and the Montana …
Swiss Re Reinsurance Solutions has formed a strategic partnership with Benekiva to offer an end-to-end digital claims management solution. The solution combines Benekiva’s state-of-the-art claims administration system with Swiss Re’s Claims Automated Rules Engine and risk management expertise. The partnership …
