Industry News
Vanguard Claims Administration acquired the business of Gibson & Associates Professional Claims Management. Gibson & Associates is a Springfield, Missouri-based third-party administrator with a 25-year history in the Lloyd’s and domestic markets. Its claims work includes general liability, professional liability, …
Via: Claims Journal
In 2025, corporations paid more than $70 billion to settle class actions — the highest figure in American history — while federal courts processed over 13,000 new filings, averaging 36 every single day. For claims managers, these numbers underscore an …
Via: Claims Journal
Lockheed Martin has agreed to pay nearly $30 million to settle claims by President Donald Trump’s administration that the defense contractor discriminated against white workers through its workplace diversity, equity and inclusion (DEI) policies, according to two federal agencies. The …
Via: Claims Journal
Even as the number of reported cargo thefts fell 25%, the average value of stolen commodities rose 72% through the first nine months of 2026, as thefts of high-value goods pushed up severity, a new report shows. Verisk CargoNet reported …
Via: Claims Journal
The El Niño weather pattern that could cause a record rise in ocean temperatures in coming months poses a “meaningful risk” of higher U.S. inflation in 2027 even as it also will likely add to employment, according to research published …
Via: Claims Journal
Much of the Miami Beach skyline, on ground that’s just a few feet above sea level, is sinking. But some of the iconic skyscrapers there are sinking at different rates and much of the subsidence is due to non-stop building …
Via: Claims Journal
Small and midsize carriers “form the backbone” of the private insurance market, and they are being bogged down by the cost of regulatory and corporate compliance. The American Property Casualty Insurance Association (APCIA) is starting an initiative to try and …
Via: Claims Journal
Crédit Mutuel Arkéa said hackers stole money from it after gaining access to its computer systems, underscoring the growing cybersecurity risks for the banking sector. The French lender “was the victim of a cyberattack that enabled fraudulent transactions to be …
Via: Claims Journal
When OpenAI disclosed in October that it found a recording device planted in an executive conference room, a number of former employees had the same reaction — they were not surprised. Even before OpenAI launched ChatGPT in late 2022, some …
Via: Claims Journal
3M Co. is committing $7.35 billion over nine years to settle litigation related to its use of chemicals known as PFAS. The company said the commitment would address almost all of the 115,000 to 120,000 personal injury claims that are …
Via: Claims Journal