Archive for October 2016

American International Group Inc. agreed to sell commercial and consumer units in nations including Argentina and Turkey to Prem Watsa’s Fairfax Financial Holdings Ltd. for $240 million as Chief Executive Officer Peter Hancock narrows his company’s focus. Fairfax will also … Source: Claims Journal

With the expected exodus of thousands of skilled claims professionals within the next few years, concern is growing among insurers in how best to address the need for experienced claims employees. In an exclusive claims executive roundtable with Claims Journal, … Source: Claims Journal

Getting robbed at gunpoint is a horrifying enough experience. But if you’re Kim Kardashian West, you can pretty easily replace your jewelry (since we can assume it was insured). More valuable than the reported $11.2 million in ice that was … Source: Claims Journal

Assurant Inc., the insurer that sells coverage protecting mobile phones and homes, posted the second-biggest decline in the S&P 500 Index after third-quarter profit slumped. The insurer dropped $4.82, or 5.3 percent, to $86.48 at 10:06 a.m. in New York … Source: Claims Journal

A self-driving car with two engineers on board was switching lanes in Singapore when it hit a truck Tuesday, authorities said. No one was hurt. The vehicle was operated by autonomous vehicle software startup nuTonomy, which made headlines last month … Source: Claims Journal

Location, energy sources and data protection are among some of the risk factors businesses need to consider when selecting a supplier, according to QBE North America, an operating division of global insurer QBE Insurance Group Limited. The insurer released a … Source: Claims Journal

Mitchell Partners With Tractable to Bring AI to the Insurance Claims Process Calif.-based Mitchell International, a technology, connectivity and information solution provider to the property & casualty insurance industry announced an exclusive partnership in North America with Tractable, a UK-based … Source: Claims Journal

The average cyber breach claim for a large company was almost $6 million, according to the findings released by NetDiligence in its latest study on cyber claim costs. The sixth annual study of cyber claim payouts by the cyber risk … Source: Claims Journal

As Halloween approaches, there may be more than ghouls, gremlins and witches canvassing the landscape. How many car thieves will also be prowling the nation’s streets this Halloween disguised as trick-or-treaters as they case neighborhoods for their next target? The … Source: Claims Journal

The state of Kansas plans to appeal a jury’s ruling that ordered it to pay $120,000 to the family of a 2007 car crash victim who died after a state trooper demanded she be sent to Missouri hospitals rather than … Source: Claims Journal