Industry News
Europe’s insurers are bracing for a new era of catastrophe risk fanned by rising temperatures in the world’s fastest-warming continent. Insurers, reinsurers and brokers contacted by Bloomberg are already predicting increased premiums and bigger losses tied to natural catastrophes. Importantly, …
Via: Claims Journal
Edison International CEO Pedro Pizarro told investors “no other viable alternatives have appeared” to explain what caused a massive wildfire in the Los Angeles area last year other than equipment owned by the company’s Southern California utility. The company now …
Via: Claims Journal
Mercedes-Benz is recalling 310,667 vehicles in the U.S. due to risk of failure to detect an open door, the U.S. National Highway Traffic Safety Administration said on Thursday. The recall includes models such as CLA, A-Class, C-Class, CLE, GLA/GLB, and …
Via: Claims Journal
Lockheed Martin Corp. won a major legal victory in May when a Florida jury found that plaintiffs had failed to prove that the defense and aerospace giant had polluted groundwater around its Orlando manufacturing site and caused disease in nearby …
Via: Claims Journal
Analog Devices Inc. is assessing a new claim by a group of hackers who say they’ve stolen hundreds files containing information on customers of the computer chips maker. A hacking group known as ExfilSquad has claimed to have breached Analog …
Via: Claims Journal
Coinbase won the dismissal on Thursday of much of a lawsuit in which customers accused the largest U.S. cryptocurrency exchange of illegally selling securities without registering as an exchange or broker-dealer. Customers sued over 60 tokens, including XRP and dogecoin, …
Via: Claims Journal
Former Red Lobster owner Thai Union Group Plc said the money-losing $20 all you-can-eat shrimp promotion that has become a focus of litigation arising from the restaurant chain’s bankruptcy wasn’t its idea, arguing that the company’s managers introduced it to …
Via: Claims Journal
Brown & Brown anticipates that the cost of the Howden-driven talent war for the full-year 2026 could hit $60 million – an increase from the $31 million it estimated last quarter. “Based on currently available information, we anticipate the full-year …
Via: Claims Journal
Amazon’s Zoox unit won U.S. approval on Wednesday for limited commercial deployment of its novel steering-wheel-free robotaxis, a first for the autonomous ride industry, the U.S. auto safety agency said Thursday. The exemption from National Highway Traffic Safety Administration rules …
Via: Claims Journal
More than 85% of cyber losses in the first half were from attacks that exploited human error, specifically where the point of failure included phishing, social engineering, or transfer fraud.
Via: Claims Journal