Industry News
Auto claims and repair are becoming more complex and evolving with advanced vehicle technology, embedded sensors, calibrations, diagnostics and labor dynamics, according to a new report. CCC Intelligent Solutions released its annual report for 2026. Although the year in review …
Via: Claims Journal
Newswise — Wildfire season is approaching, threatening not only property and lives but municipal bond prices in the most vulnerable places. A study from the University of Iowa’s Tippie College of Business found that communities more prone to wildfires pay …
Via: Claims Journal
U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting with bank CEOs this week to warn of cyber risks posed by Anthropic’s latest artificial intelligence model, two sources familiar with the matter said on …
Via: Claims Journal
Hyundai Motor America is recalling 294,128 vehicles in the U.S. due to a defect that could cause seat belt anchors to detach, the U.S. National Highway Traffic Safety Administration said on Friday. Here are some details: The recall covers Hyundai …
Via: Claims Journal
Abbott Laboratories was told by a jury to pay $70 million over claims by four mothers that the company hid the fact its premature-infant formula can cause a bowel disease dangerous to frail babies. Jurors in state court in Chicago …
Via: Claims Journal
Meta Platforms said on Thursday it is pulling ads from Facebook and Instagram aimed at recruiting new plaintiffs for ongoing litigation accusing it and other social media companies of designing their platforms to be addictive to young users. Meta spokesperson …
Via: Claims Journal
Hippo Holdings has announced the rollout of its scalable, AI-driven claims workflow. In a press release, the MGA said the initiative marks “a foundational shift” toward a more efficient and responsive claims operation led by a fully digital first notice …
Via: Claims Journal
A new report from the Government Accountability Office finds that average premium increases between risk levels are larger for wind than for wildfire. Between 2019 and 2024, homes in areas classified as severe or extreme wind risk had premiums about …
Via: Claims Journal
Auto collision repairers and insurers can look forward to spending the rest of 2026 in a cost environment shaped by tariff exposure, rising technology-related expenses and shifting repair behavior. A new analysis from Mitchell highlights changes in parts usage, repairability …
Via: Claims Journal
Boston-based specialty insurance broker Risk Strategies Co. is suing two former employees and their new employer for allegedly stealing customers and poaching employees in a scheme the firm says has thus far cost it nearly $900,000 in revenue. On March …
Via: Claims Journal