Industry News
President Donald Trump’s administration is trying to merge the government’s wildland firefighting efforts into a single agency, a move some former federal officials warn could increase the risk of catastrophic blazes and ultimately cost billions of dollars. Trump’s budget would …
Via: Claims Journal
The U.S. Senate will move this week to block California from enforcing a series of vehicle emissions standards that are tougher than the federal government’s, including first-in-the-nation rules phasing out the sale of new gas-powered cars by 2035. Majority Leader …
Via: Claims Journal
A multiday severe weather outbreak across the central U.S. caused an estimated $9 billion to $11 billion in total damages and economic loss, AccuWeather preliminary estimates show.
Via: Claims Journal
Property intelligence provider Nearmap is acquiring itel, a provider of property claims services. Andy Watt, Nearmap’s CEO, will serve as CEO for the combined company, while itel CEO Brian Matthews will continue to lead itel through closing and will serve …
Via: Claims Journal
China’s humanoid robots will not replace human workers and cause mass unemployment, according to a Chinese official who oversees a tech hub in Beijing, amid a rapid expansion of the sector and state funding for it. Liang Liang, a deputy …
Via: Claims Journal
As climate change worsens extreme weather around the U.S., floods are increasing the risk of home foreclosure, according to a new report by First Street Technology Inc., a climate-data company. A big part of the reason why is that unlike …
Via: Claims Journal
Subaru of America is hiking prices on several models, the company said on Monday, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration’s tariffs. Subaru said in a statement that the …
Via: Claims Journal
Utilizing accurate data is essential for claims professionals, enabling insurers to identify trends that help anticipate future claims, adjust premiums and manage risk exposure more effectively. Data plays a critical role in forecasting costs and developing precise pricing strategies, ensuring …
Via: Claims Journal
A new task force has been formed to develop standards in California for insurance coverage and clean-up of smoke-damaged homes. California Insurance Commissioner Ricardo Lara announced the formation of a Smoke Claims & Remediation Task Force within the California Department …
Via: Claims Journal
A month after a costly cyberattack on one of Britain’s best known retailers, Marks & Spencer has yet to restore online shopping as it prioritizes safety over speed, while retailers worldwide race to boost their defenses. The attack on the …
Via: Claims Journal