Claims Pages

Liability claims are surging due to nuclear verdicts, evolving litigation trends, and the influence of AI, according to Allianz Commercial's latest report.

Thanksgiving travel this year is expected to surpass pre-pandemic levels, with nearly 80 million Americans traveling by car, air, and other modes, setting new records across the board.

Florida regulators subpoena Weiss Ratings over claims the state's insurance market is collapsing. The agency's founder defends his warnings, citing widespread issues with unpaid claims.

A one-meter rise in sea levels by 2100 may expose over 14 million people and $1 trillion worth of property to flooding, erosion, and subsidence along the Southeast Atlantic coast.

That's a wrap! #JIF2024 was full of thought-provoking insights, meaningful discussions, and bold solutions shaping the future of #insurance. Thank you to our attendees, speakers, and sponsors. Check out the highlights in our wrap-up video that defined this year's conference. Read our brief wrap-up here: https://bit.ly/3Olf5e2 #riskmanagement #insuranceinnovation

Actuaries selecting loss trends for #autoinsurance should consider adding 2% to 3% for commercial auto liability and 0.7% to 1% for personal auto liability to account for increasing inflation, according to a new report by Casualty Actuarial Society and Triple-I. The report demonstrates the impact of rising economic #inflation and social inflation on #autoinsurance costs. Read more about the study here: https://bit.ly/3Z3YGQj

Concerns about natural disasters and climate risks are influencing 13.7% of US homebuyers to relocate, with low-risk areas seeing faster home value growth for the first time since 2010.

Property and casualty insurers are adopting AI and aerial imagery to address climate challenges, cybersecurity concerns, and improve underwriting accuracy, according to a Nearmap report.

Automation can streamline claims management by addressing fragmentation, enhancing security, and meeting rising customer expectations while improving efficiency and satisfaction.

CargoNet reports a surge in cargo thefts during Thanksgiving, with high-risk areas and targeted goods revealing sophisticated criminal networks exploiting supply chain vulnerabilities.