Industry News
When Mitesh Parikh, a headhunter at U.K. recruiter Selby Jennings, started looking for an ILS modeler for a large U.S. hedge fund this year, the pool of qualified candidates was disconcertingly small. “It was a tough search,” says Parikh, who …
Via: Claims Journal
The Iran war sent gas prices surging, and buyers snapped up used EVs, often at a steep discount. Those unwilling or unable to go fully electric have turned to hybrids.
Via: Claims Journal
Wetland loss across the U.S. has driven up residential flood insurance claim payments by more than $10 billion in the past 40 years, a new study shows. The study, published in Nature Water, residential flood insurance claim payment amounts increase …
Via: Claims Journal
While U.S. farmers brace for higher fertilizer and chemical bills tied to turmoil in the Middle East, another expense is already taking a bite out of razor-thin margins: diesel fuel. Prices for the fuel that powers tractors, combines and grain …
Via: Claims Journal
Western Asset Management Co. reached a $100 million settlement with the Securities and Exchange Commission to resolve an investigation related to trading practices of its onetime star manager Ken Leech. “Western Asset did not take reasonable steps to ensure that …
Via: Claims Journal
Aon plc named José María Navas chief claims officer for Europe, the Middle East and Africa. Navas will lead the firm’s claims organization across EMEA, overseeing strategy, advocacy and claims preparation capabilities. He will report to Luca Tassarotti, head of …
Via: Claims Journal
.P. Morgan upgraded Elon Musk-led Tesla to “neutral” from “underweight” on Friday, citing that the electric-vehicle maker’s valuation is increasingly driven by its push into autonomous driving and robotics rather than near-term earnings. The more optimistic view on Tesla comes …
Via: Claims Journal
The U.S., Mexico and Canada are set to blow past a July 1 milestone to renew their trade deal, opening the possibility of months or years of haggling over the rules and tariffs for auto manufacturing and other industries, people …
Via: Claims Journal
Merck & Co. says it will settle a spate of lawsuits that blame the drugmaker’s blockbuster Gardasil cancer vaccine for causing autoimmune ailments that affect young women’s hearts and reproductive systems for an amount that is “not material” to the …
Via: Claims Journal
Insurers and employers face mounting pressure from rising severity, lengthier claim durations and expanding operational demands, a new report shows. Enlyte on Tuesday released its 2026 Envision Trends Report, which reflects growing complexity for the claims space. Related: Study: California …
Via: Claims Journal