Industry News
More than 25,000 residents in three provinces have been evacuated as dozens of wildfires remained active Sunday and diminished air quality in parts of Canada and the U.S., according to officials. Most of the evacuated residents were from Manitoba, which …
Via: Claims Journal
In northern China, road surfaces have soared to 158F. In California’s Central Valley, temperatures are reaching the triple digits. Across Spain, the heat has prompted warnings for tourists.
Via: Claims Journal
A Skechers USA shareholder has sued the footwear maker for more details about its $9.4 billion buyout by private equity firm 3G Capital, saying the decision by Skechers’ founder and controlling shareholder to sell raises “red flags.” According to a …
Via: Claims Journal
Joint law enforcement operations in Bakersfield, Oakland, and San Bernardino have made 6,727 arrests, recovered 4,842 stolen vehicles and confiscated 313 dangerous firearms, according to an announcement from Gov. Gavin Newsom’s office. The ongoing joint law enforcement operations took place …
Via: Claims Journal
With the official start of hurricane season on June 1, insurers and claims professionals should prepare for what has the potential to be one of the most volatile seasons in memory. An environment shaped by rapid storm intensification and flooding …
Via: Claims Journal
After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report this week. The firm examined 45 …
Via: Claims Journal
The U.S. Securities and Exchange Commission moved to end its legal battle against crypto exchange Binance Holdings Ltd., the latest sign of the regulator’s dramatic shift in how it polices cryptocurrency. The regulator and the exchange’s co-founder Changpeng Zhao filed …
Via: Claims Journal
Snack food maker Mondelez International is suing the Aldi supermarket chain, alleging the packaging for Aldi’s store-brand cookies and crackers “blatantly copies” Mondelez products like Chips Ahoy, Wheat Thins and Oreos. In a federal lawsuit filed Tuesday in Illinois, Chicago-based …
Via: Claims Journal
In one of the nation’s first wrongful-death claims seeking to hold the fossil fuel industry accountable for its role in the changing climate, a Washington state woman is suing seven oil and gas companies, saying they contributed to an extraordinarily …
Via: Claims Journal
When a series of deadly storms and tornadoes pummeled Arkansas in mid-March, downing power lines and tearing up homes, Governor Sarah Huckabee Sanders asked the federal government for money to not only help repair the damage, but also boost the …
Via: Claims Journal