Industry News
Japanese regulators last year were upset by a flood of ads for obvious scams on Facebook and Instagram. The scams ranged from fraudulent investment schemes to fake celebrity product endorsements created by artificial intelligence. Meta, owner of the two social …
Via: Claims Journal
The U.S. labor board is abandoning a complaint over SpaceX’s severance and arbitration policies, resolving one front of a sprawling legal battle between the agency and Elon Musk’s aerospace company. In a Dec. 18 joint motion, attorneys for both SpaceX …
Via: Claims Journal
Porsche is recalling 173,538 vehicles in the U.S. as the rearview camera image may not display when the vehicle is placed in reverse, the U.S. National Highway Traffic Safety Administration said on Wednesday. This is one of the largest single …
Via: Claims Journal
Coupang is offering compensation worth more than $1 billion to all customers affected by South Korea’s biggest-ever data breach. The country’s biggest online retailer said on Monday it would soon start offering vouchers worth up to 50,000 won ($35) to …
Via: Claims Journal
When an insurance giant like Nationwide undertakes a revamp of its claims operation with artificial intelligence and new technology, there has to be some noteworthy things to say about it. The Columbus, Ohio-based insurance and financial services company, which offers …
Via: Claims Journal
A shipment of lobster meat worth $400,000 that was being held in a Massachusetts cold storage facility never made it to the Costco stores in the Midwest where it was supposed to be delivered. Instead, it appears it was stolen …
Via: Claims Journal
The average claim severity will turn out to be one of the highest quarters in recent history for 2025’s third quarter, however the quarter will produce the lowest claim volume in five years—continuing a trend of decreased catastrophe events that …
Via: Claims Journal
It’s estimated that 429 people may die on U.S. roads this New Year’s Day holiday period, slightly above the six-year average of 423 fatalities experienced over New Year’s Day holidays of the same length. National Safety Council estimates take into …
Via: Claims Journal
Expanded reinsurance capacity resulted in accelerated softening of pricing across many lines during the January 1, 2026 renewals, according to a report issued by Guy Carpenter, the reinsurance business of Marsh. Carpenter described a “softening market shaped by capital growth, …
Via: Claims Journal
Tom Bodett, who for nearly four decades told travelers in radio and TV ads that at Motel 6 “we’ll leave the light on for you,” settled his lawsuit accusing the motel chain of using his name and voice without permission …
Via: Claims Journal