Industry News
Expanded reinsurance capacity resulted in accelerated softening of pricing across many lines during the January 1, 2026 renewals, according to a report issued by Guy Carpenter, the reinsurance business of Marsh. Carpenter described a “softening market shaped by capital growth, …
Via: Claims Journal
Tom Bodett, who for nearly four decades told travelers in radio and TV ads that at Motel 6 “we’ll leave the light on for you,” settled his lawsuit accusing the motel chain of using his name and voice without permission …
Via: Claims Journal
There were 10 extreme weather events will go down in history as the most impactful, record-setting storms of the year globally, according to forecasters. According to AccuWeather, seven major weather disasters in the U.S. resulted in $378 billion to $424 …
Via: Claims Journal
A South Korean investigation into the Jeju Air crash that killed 179 people is set to miss a one-year deadline to release a progress report, two officials said, as frustrated relatives of the victims continue to demand answers about what …
Via: Claims Journal
New laws affecting California drivers set to go into effect on Jan. 1, 2026, include stricter laws for drunk driving, speeding in school zones and automated traffic camera enforcement. The California Department of Motor Vehicles compiled a list of new …
Via: Claims Journal
Aflac said its investigation has revealed a cybersecurity incident discovered six months ago affected more than 22.6 million individuals. The Columbus, Georgia-based health and life insurer said in a statement earlier this month that it has started to notify impacted …
Via: Claims Journal
Tyler Perry was sued for sexual assault by an actor who appeared in “Boo! A Madea Halloween,” marking the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances. …
Via: Claims Journal
A Dutch nonprofit is seeking €1.4 billion ($1.6 billion) in compensation from Tata Steel’s Netherlands units, alleging that harmful emissions from its operations have caused environmental harm and health damage to nearby residents. Stichting Frisse Wind.nu has submitted the legal …
Via: Claims Journal
A widespread power outage in San Francisco that led to Waymo robotaxis stalling and snarling traffic earlier this month has raised concerns about the readiness of autonomous vehicle operators to tackle major emergencies like earthquakes and floods. Driverless taxis from …
Via: Claims Journal
Vremt, a subsidiary of Chinese automaker Zhejiang Geely Holding Group Co., is suing battery maker Sunwoda Electronic Co. for at least 2.31 billion yuan ($330 million) over alleged product defects. The lawsuit, filed in the eastern Chinese city of Ningbo, …
Via: Claims Journal