Industry News
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
Ford Motor will recall 419,967 vehicles in the U.S. as seat belts that do not retract or extend properly can fail to restrain occupants as intended, increasing the risk of injury in a crash, the U.S. auto regulator said on …
Via: Claims Journal
The value of uninsured natural-catastrophe losses rose more than 7% globally last year to $424 billion, with North America the most exposed region, according to a fresh analysis. While insurance coverage has broadly kept pace with rising catastrophe exposure, the …
Via: Claims Journal
Eric Flickinger reached his breaking point this spring while filling up his Ram 1500 pickup with diesel that cost $7.39 a gallon. When the pump clicked off, it read exactly $200. As if that weren’t painful enough, when he hopped …
Via: Claims Journal
The Trump administration will ask leading AI developers to voluntarily submit their most capable models for government cybersecurity tests before releasing them to the public, according to an executive order released on Tuesday, as security fears mount in Washington over …
Via: Claims Journal
Canada sent a letter to the United States and Mexico on Tuesday outlining its recommendations to renew a trilateral trade agreement for 16 years while seeking parallel talks on sectoral tariffs ahead of a meeting between Canadian and U.S. trade …
Via: Claims Journal
Extreme weather will likely spur more than $20 trillion in global spending over the next decade, boosting sales and earnings for reinsurers and companies involved in energy efficiency and climate security, according to analysts at Bloomberg Intelligence. Returns for a …
Via: Claims Journal
A worker who suffered serious injuries in 2017 after a 1,300-pound load of lighting fixtures fell onto him has lost the $41.9 million he was awarded by a jury in October 2022. The Connecticut Appellate Court this week overturned the …
Via: Claims Journal
Alphabet is looking to raise $80 billion in equity offerings, including via an investment deal with Berkshire Hathaway, the Google parent said on Monday, in its aggressive push to fund a costly expansion of its AI infrastructure. The deal also …
Via: Claims Journal
A day before crossing the Strait of Hormuz, an Indonesian seafarer aboard the Al Rayyan tanker published a picture of a rainbow cutting across the bow. “When the dream ship becomes reality,” he wrote on social media, thanking God for …
Via: Claims Journal