Industry News
Reconstruction cost inflation in the U.S. cooled in the second quarter, offering a bit of relief for insurers and businesses, a new report shows. Verisk’s Q2 2026 360Value Quarterly Reconstruction Cost Analysis shows total reconstruction costs, which includes materials and …
Via: Claims Journal
Shutterstock will pay $35 million to settle U.S. Federal Trade Commission charges that the online provider of stock photography, graphics and videos misled consumers about its subscription plans and made it difficult to cancel, the agency said. Wednesday’s settlement resolves …
Via: Claims Journal
Hedge fund boss Crispin Odey has settled a handful of personal injury claims brought by women claiming sexual assault. Odey bought an end to the claims ahead of a London trial due to start next month, according to a lawyer …
Via: Claims Journal
New Zealand’s government said on Tuesday it would change climate legislation to prevent courts from finding companies liable in private cases for climate change-related harm caused by greenhouse gas emissions. Justice Minister Paul Goldsmith said the government would amend the …
Via: Claims Journal
Newswise — In managing airport traffic, small errors can cause catastrophe. A group from the CMU Robotics Institute’s AirLab used the Pittsburgh Supercomputing Center’s Bridges-2 supercomputer to create World2Rules, an AI that draws from airport data and historical crash reports …
Via: Claims Journal
CommScope Holding Co. was sued by a group of lenders who allege the telecommunications provider breached a debt agreement by failing to pay a prescribed premium of at least $150 million following a key asset sale. The lenders contend that …
Via: Claims Journal
The parents of a man who died of an accidental drug overdose last year sued OpenAI and its founder and CEO Sam Altman in a California court on Tuesday, alleging the man was coached to take a dangerous combination of …
Via: Claims Journal
Typhoon activity in the Northwest Pacific Ocean is expected to be the highest this year since 2015, according to commercial forecaster Tropical Storm Risk. The projection for 2026 is 25% above the historical average, driven by an emerging El Niño …
Via: Claims Journal
The U.S. government has filed charges against two Singapore firms and an Indian ship superintendent for criminal conspiracy and obstruction relating to the crash of the cargo ship Dali that caused Baltimore’s Key bridge to collapse in March 2024, killing …
Via: Claims Journal
Countries in the European Economic Area and Switzerland have committed almost 200 billion euros ($235 billion) to their electric vehicle ecosystem, research group New Automotive said on Tuesday. The investments underline the scale of the region’s push to cut its …
Via: Claims Journal