Industry News
Some war underwriters have advised shipping companies to pause voyages through the Strait of Hormuz while others are reviewing their policy terms after renewed vessel attacks threatened a return to war between Iran and the U.S., insurance industry sources said …
Via: Claims Journal
It’s been a quiet couple of years, but a raucous start to storm seasons in certain areas and a super El Niño looking increasingly likely, has carriers looking to update their disaster response plans as the second half of 2026 …
Via: Claims Journal
Honda Motor America, a unit of Honda Motor Co Ltd., is recalling 325,588 Odyssey vehicles in the U.S. due to issues with the display of the rearview image, the National Highway Traffic Safety Administration said on Wednesday. Related: Honda Recalling …
Via: Claims Journal
Allianz SE plans to eliminate hundreds of positions at its assistance and travel insurance subsidiary Allianz Partners as the company pushes forward with implementing artificial intelligence solutions.
Via: Claims Journal
A U.S. bankruptcy judge on Tuesday approved a $46.75 million settlement for victims of a 2023 data breach at the genetic testing company 23andMe, which exposed genetic and other personal information of an estimated 6.9 million customers. U.S. Bankruptcy Judge …
Via: Claims Journal
Mumbai’s wettest start to July in decades killed at least 13 people in the city and its adjoining areas and caused widespread disruption for millions of residents, raising questions about the quality of infrastructure in India’s financial hub. The country’s …
Via: Claims Journal
Temperatures are set to rise across Los Angeles and parts of the southwestern U.S. later this week. Extreme heat is already settling across Southern California and Arizona as readings threaten to reach 116F (47C) across the region, including in Palm …
Via: Claims Journal
A lawsuit brought by the former head of Marvel Entertainment made headlines around the country last November when it resulted in a $50 million jury verdict against Isaac Perlmutter’s wealthy Palm Beach neighbor and Federal Insurance Co. But it was …
Via: Claims Journal
The state's top lawyer, Gentner Drummond, alleges that Allstate implemented an internal program to drastically deny or minimize payments of legitimate covered losses.
Via: Claims Journal
Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety. Meta …
Via: Claims Journal