Archive for February 2024

A new analysis using data from the National Highway Traffic Safety Administration data on fatal crashes in states where drivers are most likely to be over the legal alcohol limit shows Connecticut and Texas with the highest percentages of drivers … Source: Claims Journal

Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a relatively benign year for P&I claims in 2023, according to a report from AM Best. The … Source: Claims Journal

When does a hallucinogenic drug become the direct cause of a catastrophic injury, triggering a homeowners’ policy exclusion? Not when a young man falls out of bed and is later moved by his comrades, potentially worsening a spinal injury, a … Source: Claims Journal

Artificial intelligence experts and industry executives, including one of the technology’s trailblazers Yoshua Bengio, have signed an open letter calling for more regulation around the creation of deepfakes, citing potential risks to society. “Today, deepfakes often involve sexual imagery, fraud, … Source: Claims Journal

Last year saw 141 days with large hail (2 inch or greater)—the highest number of days in 20 years, according to a new report by CoreLogic. The 2024 Severe Convective Storm Report details how severe thunderstorm risk is growing in … Source: Claims Journal

Pinnacle Actuarial Resources Inc. named Roosevelt Mosley managing principal effective April 9. Outgoing Managing Principal Joe Herbers will return to his role as firm principal. Herbers has been Pinnacle’s managing principal for nearly 16 years. He is one of the … Source: Claims Journal

President Joe Biden will sign an executive order designed to implement new cybersecurity requirements for the nation’s port owners and operators amid growing concerns that hackers could roil crucial supply chains. The order will give the US Coast Guard new … Source: Claims Journal

Two arrests. Twenty-eight servers seized. And 1,000 decryption keys obtained that can help hacking victims worldwide get their data back. The takedown announced Tuesday of the Russia-linked hacking gang LockBit, which by some estimates has been responsible for a quarter … Source: Claims Journal

Nearly one-in-five anti-fraud professionals (18%) counts artificial intelligence (AI) and machine learning (ML) technology among their fraud-fighting tools, while another 32% anticipate implementing these technologies in the next two years, a new report shows. The 2024 Anti-Fraud Technology Benchmarking Report … Source: Claims Journal

California, which has been suffering through wet weather for weeks, has more rain in the forecast. A flash flood warning is in place for downtown Los Angeles, as well as the surrounding area, through early Wednesday. There are also warnings … Source: Claims Journal