20 06, 2024

Missing Student in Nashville Died of Intoxication and Drowning, Autopsy Shows

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NASHVILLE, Tenn. (AP) — Riley Strain, a University of Missouri student whose body was recovered from a river after going missing in Tennessee’s capital for nearly two weeks, died from accidental drowning and intoxication, according to a newly released autopsy …

20 06, 2024

Industry Groups Back Drugmakers’ Appeal in Zantac Cancer Lawsuits

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A bid by GSK and other drugmakers to stop more than 70,000 lawsuits in Delaware over discontinued heartburn drug Zantac has received the backing of leading U.S. industry groups, including the United States Chamber of Commerce and Pharmaceutical Research and …

20 06, 2024

Golden Pass LNG Warns of Delays After Contractor’s Bankruptcy

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The developers of the Golden Pass LNG export facility that’s under construction in Texas warned of additional costs and delays due to the bankruptcy of contractor Zachry Industrial Inc. “Construction of a project of this magnitude, capable of employing nearly …

20 06, 2024

AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey

By | June 20th, 2024|Uncategorized|Comments Off on AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey

A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a survey conducted by Gallagher Bassett, the claims-services provider and subsidiary of Arthur J. …

20 06, 2024

Heat Wave Sweeps Across Midwest and Northeast, Bringing Safety Measures

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TOLEDO, Ohio (AP) — Stifling heat blanketed tens of millions across United States on Tuesday, forcing people and even zoo animals to find ways to cool down as summer arrives in what promises to be a sweltering week. Extreme heat …

20 06, 2024

Texas Electricity Demand Could Nearly Double in Six Years – ERCOT

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The state’s main electric grid operator has sharply increased its prediction for how much power demand will increase in coming years. If it’s accurate, the state would need to be able to provide nearly double the amount of power within …

20 06, 2024

Chicago Health Care Company to Pay $2M To Settle False Claims Act Suit

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A Chicago health care company and its former owners will pay nearly $2 million to the United States and the States of Illinois and Indiana to resolve a civil lawsuit arising from the submission of false claims to Medicare and …

14 06, 2024

Poor Maintenance, Pilot Error Cited in Fatal New Hampshire Plane Crash

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Improper maintenance and the pilot’s failure to abort takeoff likely caused a small plane to crash into a building in New Hampshire in 2022, killing both people on board and sparking a fire, the National Transportation Safety Board said in …

14 06, 2024

California Labor Commissioner Reaches $658K Settlement with Residential Care Facility

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The California Labor Commissioner’s Office reached a $658,948 settlement with a Los Angeles residential care facility. The settlement was to compensate 34 workers who were reportedly not paid for all hours worked. The LCO began investigating reports in 2023 that …

14 06, 2024

Analysis: Underwriting Loss Estimates Highlight Continued Challenges for US P/C Industry

By | June 14th, 2024|Uncategorized|Comments Off on Analysis: Underwriting Loss Estimates Highlight Continued Challenges for US P/C Industry

The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces as a result of natural catastrophes and inflation. According to joint analysis by global data analytics and technology provider Verisk …