Industry News
Gallagher Re estimates that the total insured value exposed in the L.A. fires represents a one-in-35-year return period, a new baseline for modern wildfire risk under current climate conditions.
Via: Claims Journal
New York City is suing a food-delivery technology provider for withholding pay from workers, signaling Mayor Zohran Mamdani’s get-tough approach to regulating app-based work.
Via: Claims Journal
Personal information of about 750,000 Canadian investors has been impacted by a “sophisticated phishing attack,” according to the Canadian Investment Regulatory Organization, in an update on the fallout from a major breach disclosed in August. Information that might have been …
Via: Claims Journal
Three former Palantir Technologies Inc. employees say the company is trying to use the courts to squash their startup and deny poaching staff and intellectual property from it. Palantir, the data analytics company whose chairman is Peter Thiel, filed a …
Via: Claims Journal
One thing that experienced adjusters will probably tell you about learning to be a better claims handler is to get more—well, experience. Years and years of it. Multinational financial services and insurance giant Allianz is looking for a way to …
Via: Claims Journal
Cyber once again ranked as the top global risk in 2026, according to the latest Allianz Risk Barometer, coming in No. 1 in every region and across all company sizes. Artificial intelligence took the No. 2 spot, up from tenth …
Via: Claims Journal
Consumer acceptance of telematics technology in auto insurance is growing, creating opportunity for insurers who can cater to tech-driven drivers who crave personalized pricing and service. Today, 82% of policyholders view telematics apps positively, according to a recent survey by …
Via: Claims Journal
Elon Musk’s artificial intelligence startup, xAI, is under investigation by the California attorney general’s office after the company’s Grok chatbot was allegedly used to create thousands of sexualized images of women and children without their consent. California Attorney General Rob …
Via: Claims Journal
Florida property/casualty insurance leaders have said they are not expecting big changes from the legislature’s 2026 regular session that began this week, given the much-touted impact that 2022 reforms have already had on excessive litigation costs in recent years. But …
Via: Claims Journal
The cost of insuring ships sailing through the Black Sea is surging again, as spiraling attacks on vessels underscore the growing risk of hauling commodities through the region.
Via: Claims Journal