Industry News
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
When Michael Balarezo emerged from the basement office of his Boulder, Colo., home in December 2021, smoke plumes from the nearby Marshall Fire were visible from his driveway. Balarezo, his wife and daughter swiftly stowed emergency clothing, sensitive documents and …
Via: Claims Journal
Hyundai Motor Co. is preparing to increase the price of all of its U.S. vehicles as the automaker looks to cushion the blow from tariffs imposed by President Donald Trump, according to people familiar with the matter. The South Korean …
Via: Claims Journal
A former WWE executive who had been fighting sexual abuse allegations in a lawsuit by an ex-employee has agreed to a confidential settlement and will now help the accuser as she continues suing the company and former leader Vince McMahon, …
Via: Claims Journal
Cars of today are more than just forms of transportation; they are mobile data hubs. Not only is the modernization of cars making life easier for people driving to work, dropping the kids at school, or going on road trips, …
Via: Claims Journal