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Website title: Carrier Management - Critical Information for P/C Insurance Company Executives & Directors

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The flood insurance gap in the United States is big and it’s not getting better. And the consequences of that gap are about to worsen for property owners and state and local governments, thanks to increasing rainfall amounts, stronger storm surge, more development in flood zones, cutbacks in federal aid, and aging river levees around …

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A former UPS employee was sentenced to 90 days in jail, two years’ probation, and ordered to pay $50,000 restitution to Liberty Mutual Insurance after submitting a fraudulent workers’ compensation claim, according to a press release issued last week by the Sacramento County District Attorney’s Office. The former mechanic at the United Parcel Service (UPS) …

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Alphabet’s self-driving unit, Waymo, is recalling nearly 3,900 robotaxis in the U.S. because a software issue could cause the vehicles to enter a closed freeway construction zone and continue driving. It is the second recall by Waymo in just over a month. The latest recall, filed with the National Highway Traffic Safety Administration (NHTSA), stems …

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Horse carriage rides in Central Park are on hold at least until Tuesday, the union representing drivers said, as safety protocols are reviewed in the wake of the death of a young tourist who jumped from a runaway horse carriage. Alexander Kemp, administrative vice president of Transport Workers Union Local 100, said in a statement …

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After several years of experimentation with generative AI and machine learning, many carriers have moved beyond asking whether AI has a role in insurance. Instead, they’re grappling with a different question: How do organizations know when an AI pilot is ready to scale? Industry leaders say the answer has less to do with technological sophistication …

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