International News

Zurich Uses Robots for Personal Injury Claims Document Review

Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. “We recently introduced AI claims handling … and saved 40,000 work hours, while speeding …

New Zealand Scientists Surprised by Hot Water Discovery

When researchers in New Zealand drilled deep into an earthquake fault, they stumbled upon a discovery they say could provide a significant new energy source for the South Pacific nation. The scientists found the water in the Alpine Fault was …

Risk of Attack Higher Because of China’s Fondness for Pirated Software

China’s fondness for pirated software left it especially vulnerable to the latest global cyberattack. Beijing has tolerated rampant use of unlicensed software copies despite repeated promises to crack down and warnings by industry groups that China is leaving itself open …

Subaru Considers Autoliv for Camera Upgrade

Subaru Corp. is considering Autoliv Inc.’s stereo cameras for its driver-assist system as the Japanese automaker looks for options beyond a Hitachi Ltd. unit that has been a supplier for almost a decade, people with knowledge of the matter said. …

Study Finds Global Tailpipe Tests Underestimate Diesel Pollution

Pollution from diesel trucks, buses and cars globally is more than 50 percent higher than levels shown in government lab tests, a new study says. That extra pollution translated to another 38,000 deaths from soot and smog in 2015, the …

Global ‘WannaCry’ Ransomware Cyberattack Sought Cash for Data

A global “ransomware” cyberattack, unprecedented in scale, had technicians scrambling to restore Britain’s crippled hospital network Saturday and secure the computers that run factories, banks, government agencies and transport systems in many other nations. The worldwide effort to extort cash …

Business News: Gallagher Bassett, BetterView, Crum & Forster

Gallagher Bassett Consolidates Catastrophe Response Services Just two weeks after the category four Tropical Cyclone Debbie impacted Queensland and NSW at the end of March, Gallagher Bassett’s Brisbane-based catastrophe response team had doubled in size to assist in the delivery …

Biometrics Could Make Passwords a Thing of the Past

Headlines about mass data breaches have become ominously routine, and yet password convenience still trumps security for most people. That’s why, year after year, the world’s most popular log-on remains “123456,” a password so obvious it accounted for 17 percent …

Fears of Hacking Increase Demand for Cyber Insurance

For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free marketing for what could be a $10 billion opportunity. …

Millennial Says Individual Development Plans, Pay Incentives Nurture Younger Staff

The insurance and risk management fields are professions with legions of rapidly-retiring older employees, and they struggle to hire and keep promising new, and younger ones. How to accomplish this? Customized training is one way to do this, a millennial …

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