Industry News
Wind turbines are the largest driver of offshore loss claims, representing 57% of claims by count, according to a new report. AXIS Capital released an offshore wind report, an analysis of four years of claims trends across its international portfolio …
Via: Claims Journal
An Indiana church that sought payment at replacement-cost level for fire damage to its property learned the hard way that procrastination can carry a price tag when it comes to settling insurance contracts. A federal appeals court ruled last week …
Via: Claims Journal
Five insurance carriers cannot be expected to defend or indemnify a Georgia boarding school where child sexual abuse took place decades before the liability policies were written, the Georgia Court of Appeals has found in a ruling that reversed a …
Via: Claims Journal
As Meta Platforms Inc. and Google start presenting their defense in a landmark trial over social media addiction, the companies are seeking to show the mental health struggles suffered by the 20-year-old who brought the case stemmed from turmoil in …
Via: Claims Journal
Electrically powered air taxis will start taking to the skies in some states and cities across the U.S., including in New York, after the government approved several pilot projects under a program meant to accelerate their integration into the U.S. …
Via: Claims Journal
Live Nation Entertainment Inc. has reached a settlement with federal antitrust authorities, the Justice Department said Monday, throwing a wrench mid-trial into an antitrust case that accused the company of illegally monopolizing the live music industry and sought to force …
Via: Claims Journal
Catastrophe, resilience, automation, digital transformation, personalization of the claims experience, talent strategies, operational flexibility—there are a mouthful of trends to talk about in the still-young year. A new report from Crawford & Company forecasts trends that will be reshaping the …
Via: Claims Journal
Authorities searched through rubble and debris in southern Michigan on Saturday after suspected tornadoes tore through the region and killed four people, including a 12-year-old boy, during powerful storms also blamed for two deaths in eastern Oklahoma. First responders from …
Via: Claims Journal
The share of insurance companies planning to maintain their current staff size over the next 12 months has reached a 15-year high—while just 7% of insurers plan to reduce headcount in 2026. Aon and The Jacobson Group’s Q1 2026 Insurance …
Via: Claims Journal
A federal judge on Thursday awarded Pfizer $29 million to resolve a dispute with the U.S. Securities and Exchange Commission stemming from the regulator’s 2013 insider trading settlement with billionaire Steven A. Cohen’s former hedge fund SAC Capital Management. The …
Via: Claims Journal