Industry News
Malaysia’s scandal-hit state fund 1Malaysia Development Bhd. has a proposal for settlement with Deutsche Bank AG in a $1.1 billion lawsuit, marking the latest potential resolution in the country’s long-running effort to recover money linked to the multibillion-dollar fraud. Malaysia’s …
Via: Claims Journal
The eastern Pacific has set a record for hurricane activity as Hurricane Simon lashes Mexico’s west coast and another storm threatens to form. The basin had produced 68.5 hurricane days as of Tuesday morning, surpassing the previous record of 68.25, …
Via: Claims Journal
Final settlements in a study of disputed property claims were typically 43% above insurer valuations, according to a new report. Finch Claims’s Q3 2026 State of the Claim Report examines estimates, settlements and payment timelines from a database of 9,333 …
Via: Claims Journal
The collision of an American Airlines regional jet and an Army Black Hawk helicopter near Ronald Reagan Washington National Airport last year that killed 67 people was the result of several systemic failures, according to a U.S. Army investigative report …
Via: Claims Journal
ExxonMobil Holdings Corp. blocked a proposal for partners in the Kashagan oil field in Kazakhstan to make a settlement with the government over a disputed $5 billion environmental fine, according to people familiar with the matter. The status of that …
Via: Claims Journal
A New Jersey title insurance executive shot his wife and daughter and then shot himself, according to local police and prosecutors. Montgomery Township police discovered the double homicide and suicide when responding to a call to check on the occupants …
Via: Claims Journal
South Korean and Japanese companies are racing to strengthen cyber defenses after a wave of attacks that cybersecurity experts say are highlighting how AI may be lowering the bar for criminals with limited technical skills. Nine South Korean banks and …
Via: Claims Journal
Tesla Inc. is facing scrutiny from U.S. auto-safety regulators over whether its driverless taxis exceed posted speed limits near schools, a new hurdle for the automaker’s slow-growing robotaxi service. The National Highway Traffic Safety Administration said it’s evaluating the claim …
Via: Claims Journal
Tesla Inc. is backing away from its Full Self-Driving branding to help secure approval for the driver-assistance system in Europe, distancing the company from a name that has drawn criticism as dangerously misleading. The automaker has begun using the name …
Via: Claims Journal
Hurricane Isaias strengthened into a major storm Friday as it barreled toward more than 3 million people along the US Gulf Coast, threatening dangerous flooding and storm surge after forcing energy producers to curb output. Isaias’ top winds reached 120 …
Via: Claims Journal