Industry News
.P. Morgan upgraded Elon Musk-led Tesla to “neutral” from “underweight” on Friday, citing that the electric-vehicle maker’s valuation is increasingly driven by its push into autonomous driving and robotics rather than near-term earnings. The more optimistic view on Tesla comes …
Via: Claims Journal
The U.S., Mexico and Canada are set to blow past a July 1 milestone to renew their trade deal, opening the possibility of months or years of haggling over the rules and tariffs for auto manufacturing and other industries, people …
Via: Claims Journal
Merck & Co. says it will settle a spate of lawsuits that blame the drugmaker’s blockbuster Gardasil cancer vaccine for causing autoimmune ailments that affect young women’s hearts and reproductive systems for an amount that is “not material” to the …
Via: Claims Journal
Insurers and employers face mounting pressure from rising severity, lengthier claim durations and expanding operational demands, a new report shows. Enlyte on Tuesday released its 2026 Envision Trends Report, which reflects growing complexity for the claims space. Related: Study: California …
Via: Claims Journal
Zurich Insurance Group Plc is widening its offering for data-center projects to Europe and South America as it seeks to profit from the global buildout of infrastructure linked to artificial intelligence. The Swiss firm will insure risks associated with the …
Via: Claims Journal
Britain’s new car sales rose 7.1% in May, the strongest for the month since 2019, driven by resilient retail demand, especially for electric vehicles, according to industry data released on Thursday. EVs have been gaining ground in Europe as rising …
Via: Claims Journal
In property/casualty insurance, appraisal has long existed as a mechanism to resolve disagreements over the amount of loss. For decades, it has been viewed as a useful—if occasionally underutilized—tool in the claims process. That perception is changing rapidly. There are …
Via: Claims Journal
European insurers that want to ride the private credit boom need to grasp the risks they face, according to the region’s top watchdog for the industry. The region has “a multitude” of insurers of varying size, some of which don’t …
Via: Claims Journal
International Business Machines Corp. and AT&T Inc.’s computer systems were repeatedly breached by foreign hackers, and the companies concealed those intrusions from the U.S. government in violation of the law, according to a lawsuit from a former IBM cybersecurity official. …
Via: Claims Journal
The detection of the parasite comes at a dire time for the U.S. beef and cattle industry, with a smaller herd having already sent consumer prices to record highs.
Via: Claims Journal