Industry News
The nation’s flood insurance program struggles to balance affordability, flood protection and cost to taxpayers, leaving millions vulnerable at a time when climate change is driving flood risk higher. Nationwide, just 2.4% of properties are covered by 4.5 million federal …
Via: Claims Journal
FBI and U.S. Coast Guard investigators have found evidence that hackers accessed the propulsion system of an oil supertanker as it was approaching the Texas coast this summer, according to U.S. officials familiar with the matter, an extraordinary breach that …
Via: Claims Journal
Fifteen U.S. states sued agrichemicals company Corteva on Thursday, alleging that the spinoff of its seed and genetics business into Vylor was designed to shield the company’s best assets from tens of billions of dollars in potential liabilities tied to …
Via: Claims Journal
Lyft will pay $272.5 million to settle allegations it misclassified California drivers as independent contractors. Of the settlement with the California Labor Commissioner’s Office, 87% will go directly to drivers. More than 1,600 drivers who filed wage claims through LCO’s …
Via: Claims Journal
PG&E filed a 10-year Electrical Undergrounding Plan with the California Office of Energy Infrastructure Safety, to improve grid safety and reliability in high-wildfire-risk areas across northern and central California. Separately, PG&E Corp. said in early September that it plans to …
Via: Claims Journal
Just when it seemed American car buyers had left electric vehicles for dead, there are new signs of life in that corner of the auto market. Tesla Inc. and Rivian Automotive Inc. each posted better-than-expected EV sales for the third …
Via: Claims Journal
U.S. District Judge P. Kevin Castel said he will allow jury trials to move forward on how Google’s conduct related to its AdX advertising exchange harmed major publishers.
Via: Claims Journal
Advanced artificial intelligence tools may have been used in a cyberattack on South Korea’s Shinhan Bank Co. that exposed information on about 25,000 customers, Yonhap News reported, highlighting the risk of automated hacking against financial institutions. Attackers probably used sophisticated …
Via: Claims Journal
A yearslong legal campaign to hold the oil industry accountable for climate change risks running aground in the U.S. as the Supreme Court takes up a case that threatens to undercut dozens of lawsuits. The justices open their new term …
Via: Claims Journal
Across the industry, nuclear verdicts are dominating conversations about social inflation and liability severity, and for good reason: in 2025, U.S. juries returned nearly 200 nuclear verdicts — awards of $10 million or more — against corporate defendants, a 40.7% …
Via: Claims Journal