Industry News
Liberty Mutual Insurance and space intelligence firm ICEYE have partnered to launch a parametric wildfire insurance coverage that works with satellites. Liberty Mutual’s parametric wildfire coverage offers scalable protection that complements traditional insurance while ICEYE’s global constellation of Synthetic Aperture …
Via: Claims Journal
Tugboat, a consumer insurance platform that helps homeowners with property damage and insurance claims, announced an oversubscribed $3 million in seed funding to scale its platform and offer expanded claim support for homeowners. The round was led by ResilienceVC with …
Via: Claims Journal
Shippers in Asia and Europe said confidence in resuming transit through the Strait of Hormuz could take weeks to rebuild and navigation will only restart once safety is assured, after the U.S. and Iran agreed on a framework deal to …
Via: Claims Journal
The administrator of a bankruptcy plan for the genetics-testing company once known as 23andMe agreed to dole out a total of $46.75 million to victims in a deal to end litigation stemming from a 2023 data breach. According to records …
Via: Claims Journal
Regulators at the Virginia Bureau of Insurance are raising issues with Airbnb over its Host Damage Protection (HDP) program, maintaining that it is an insurance product and Airbnb is offering it without being properly licensed. The State Corporations Commission has …
Via: Claims Journal
A federal appeals court affirmed the conviction of a former Texas police chief who arranged the destruction of a personal vehicle, falsely reported it stolen and received insurance proceeds. The United States Fifth Circuit Court of Appeals ruled that a …
Via: Claims Journal
When I talk to my son, an engineering student, and we have a question or disagreement, he immediately turns to ChatGPT as his primary source of information and confirmation. He is not alone in this. The use of generative AI …
Via: Claims Journal
The U.S. Transportation Department said last Wednesday it is rescinding part of its long-standing civil rights regulations that prohibit conduct that has an unintended “disparate” impact. In April 2025, President Donald Trump ordered federal agencies not to enforce laws that …
Via: Claims Journal
Several tornadoes struck northern and central Illinois and northwest Indiana on Thursday, causing damage in multiple towns. The National Weather Service confirmed multiple tornadoes occurred in or near Streator, Illinois, Merrillville, Indiana and Hebron. Indiana. The storm corridor extended to …
Via: Claims Journal
They recommend easing the framework to require 70% of EU-made vehicles to contain at least 70% of the value of work and components from member state countries as well as Norway, Iceland and Liechtenstein.
Via: Claims Journal