Posts by Y@DminG

A train derails and spills at least 1,000 gallons of hazardous materials in the U.S. about once every two months. Nearly half of those derailments resulted in evacuations; more than a quarter resulted in a fire or explosion since 2015, … Source: Claims Journal

The shift to autonomous vehicles represents a great unknown for the auto insurance industry, but to analysts at Bank of America Corp. it will be a potential goldmine. Investors are concerned about liability when driverless cars become more mainstream. Under … Source: Claims Journal

There’s a popular T-shirt on Hatteras Island along the North Carolina Outer Banks that says: “One road on. One road off (sometimes)” — poking fun at the constant battle between Mother Nature and a thin ribbon of pavement connecting the … Source: Claims Journal

Hurricane Erin is muddling computer models and making forecasters, analysts and traders question the accuracy of the outlook for heat, wind and storms across Europe next week. Erin, which churned through the Atlantic 330 kilometers (205 miles) off the North … Source: Claims Journal

The number of battery electric vehicle claims in the U.S. dropped for the first time in the second quarter by 7%, coinciding with a 6% year-over-year reduction in new BEV purchases, a new report shows. The report from Mitchell also … Source: Claims Journal

Over the past decade, the insurance industry has undergone an increasingly rapid transformation, driven by advancements in machine learning, artificial intelligence and now generative AI technologies. These advancements have enabled insurers to automate routine tasks such as data entry, document … Source: Claims Journal

New York state officials recently reported on two workers’ compensation fraud investigations involving Long Island residents who received thousands in benefits while engaging in off-the-books work — including one coaching high school soccer and another flipping cheesesteaks for his food … Source: Claims Journal

Solar and wind energy companies are betting on a novel form of insurance to protect their assets against wild and volatile weather — the very type of climate risk they were set up to fight. Renewable power projects can lose … Source: Claims Journal

Honda Motor Co. has signed a multi-year agreement to work with a US AI startup in which it has an equity stake to develop self driving capabilities, tapping into Silicon Valley know-how for next generation automated technologies. The Japanese carmaker … Source: Claims Journal

Hurricane Erin is triggering dangerous beach conditions across much of the US East Coast that will likely last into the weekend, as the storm pushes north in the waning days of the summer travel season. The risk of powerful currents … Source: Claims Journal