Posts by Y@DminG

The director of the National Security Agency on Wednesday urged the private sector to take swift, collective action to share key details about breaches they have suffered at the hands of Chinese hackers who have infiltrated US telecommunications. General Timothy … Source: Claims Journal

Roughly 44% of U.S. employers with 500 or more employees cover drugs for weight loss in 2024, up from 41% in 2023, according to a survey from consulting firm Mercer released on Wednesday. Mercer also said 64% of U.S. employers … Source: Claims Journal

Agentech, which provides artificial intelligence support for insurance claims, completed a $3 million seed funding round in 30 days, the company announced. The capital is slated to support the company’s efforts to enhance its offerings within the insurance claims workflow, … Source: Claims Journal

When Hector Xu was learning to fly a helicopter in college, he recalled having a few “nasty experiences” while trying to navigate at night. The heart-stopping flights led to his research of unmanned aircraft systems while getting his doctorate degree … Source: Claims Journal

The National Highway Traffic Safety Administration this week finalized updates to its 5-Star Safety Ratings program, an action the agency’s will improve safety by incorporating new advanced driver assistance technologies, adding a crashworthiness pedestrian protection program and creating a roadmap … Source: Claims Journal

The Texas Windstorm Insurance Association Board of Directors pegs losses from Hurricane Beryl at $455 million. The TWIA board met last week to review information related to the agency’s 2025 budget. The meeting presented new information on TWIA losses from … Source: Claims Journal

T-Mobile US Inc. was able to contain a recent network breach before it reached customers’ phones, according to people familiar with the matter. Hackers accessed edge-routing infrastructure and gained unauthorized access to a limited number of devices, including a T-Mobile-owned-and-operated … Source: Claims Journal

A survey of senior decision-makers at U.S. property/insurance companies shows most (59%) believe the industry will be powered by artificial intelligence in the future. Nearmap, a provider of location intelligence services, released a survey, The Next-Gen Risk Readiness Index: P&C … Source: Claims Journal

The United States must address a growing public-health crisis over traffic deaths that remain significantly higher than pre-pandemic levels, the head of the National Transportation Safety Board said on Tuesday. “Unlike most developed nations, U.S. roadways have grown more deadly … Source: Claims Journal

A federal bankruptcy judge has approved a Chapter 11 plan for the Roman Catholic Diocese of Rockville Centre, New York that includes a $320 million fund to compensate victims of clergy sexual abuse and settles insurance issues. Judge Martin Glenn … Source: Claims Journal