Industry News
Two workers injured in a May 20 fire on a Chevron Corp. oil platform off the coast of Angola have died. The workers had been receiving medical treatment in South Africa, according to Angola’s Petroleum and Minerals Ministry. The first …
Via: Claims Journal
Brazilian labor prosecutors are suing Chinese electric vehicle maker BYD Co. and two contractors over allegations of slave labor and human trafficking at the construction site of a manufacuturing plant. The lawsuit describes “degrading” conditions at facilities in Bahia maintained …
Via: Claims Journal
Germany’s leading automakers are in talks with Washington over a possible import tariff deal, seeking to use their U.S. investments and exports as leverage to soften any blow, three people familiar with the matter said. BMW, Mercedes-Benz and Volkswagen hope …
Via: Claims Journal
A German court ruled against a Peruvian farmer Wednesday in a landmark case that claimed global warming fueled by energy company RWE ‘s historical greenhouse gas emissions put his home at risk. Farmer and mountain guide Saúl Luciano Lliuya said …
Via: Claims Journal
A recent surge in high-profile cyberattacks is offering an opportunity for insurers to cash in from a rapidly expanding market — and prompting a rethink on premiums.
Via: Claims Journal
Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash. The recall covers some 2021 through 2024 model year Bronco, …
Via: Claims Journal
As nasty tornadoes popped up from Kansas to Kentucky, a depleted National Weather Service was in scramble mode. The agency’s office in Jackson, Kentucky, had begun closing nightly as deep cuts by Elon Musk’s Department of Government Efficiency began hitting. …
Via: Claims Journal
Machine learning models detect suspicious claims two weeks after submission, much faster than traditional methods, according to a new CLARA Analytics study on fraud detection in property/casualty insurance claims. The research, completed in November 2024, analyzed 2,867 claims from 2020 …
Via: Claims Journal
As the U.S. heads into peak hailstorm season, homeowners that have installed solar power face the prospect of chunks of ice damaging their panels. “Those instances of damage are rare, but the more extreme weather gets with climate change, it’s …
Via: Claims Journal
Extreme heat levels of are expected in the western United States later this week, raising the risk wildfires and heat-related illnesses and putting a strain on power grids. Meteorologists at AccuWeather say a strong dome of high pressure will be …
Via: Claims Journal