Industry News
PepsiCo Inc. is nearing a settlement agreement with activist investor Elliott Investment Management, the Wall Street Journal reported Thursday, without providing details. An agreement could be announced soon, according to the Journal. PepsiCo has worked to overhaul its portfolio of …
Via: Claims Journal
War insurance costs for ships sailing to the Black Sea have spiked again, with insurers reviewing policies daily as the conflict in Ukraine spills into sea lanes, five shipping and insurance sources said on Thursday. The Black Sea is crucial …
Via: Claims Journal
Rivian Automotive plans to recall 34,824 U.S. vehicles due to a damaged seat belt pretension cable that may fail to properly restrain the driver’s seat belt, increasing crash injury risk, the U.S. National Highway Traffic Safety Administration said on Tuesday. …
Via: Claims Journal
Devastating floods have killed more than 1,300 people and caused at least $20 billion in losses since late last month across parts of South and Southeast Asia.
Via: Claims Journal
Corporate sustainability is an important topic in business and particularly insurance, but it turns out that sustainability is also becoming a bigger topic of interest for claims leaders. Most (77%) of claims leaders report that sustainability is explicitly addressed in …
Via: Claims Journal
The just-ended 2025 Atlantic hurricane season surprised some forecasters after it produced no major storms that hit the United States. But the hurricanes that did arise, with most remaining offshore and one slamming Jamaica, were mostly Category 5 beasts – …
Via: Claims Journal
An Hermès heir is suing conglomerate LVMH and its billionaire CEO Bernard Arnault in a Paris civil court in a bid to recover about €14 billion ($16.3 billion) for his alleged lost shares in the maker of Birkin handbags. Nicolas …
Via: Claims Journal
The Trump administration on Wednesday proposed slashing fuel economy standards that former President Joe Biden had finalized last year, in its latest push to make it easier for automakers to sell gasoline-powered cars. The National Highway Traffic Safety Administration proposed …
Via: Claims Journal
State Farm Mutual Automobile Insurance Co. faces a lawsuit accusing it of fraud and unjust enrichment for selling products from PHL Variable Insurance Co., which authorities say has a $2.2 billion capital shortfall that left policyholders with less-than-promised payouts. Three …
Via: Claims Journal
Hong Kong ordered all buildings undergoing major repair work to immediately remove exterior scaffolding nets, as authorities investigate suspicions of forged safety certifications in connection with the city’s recent deadly blaze. All buildings currently carrying out the major repair works …
Via: Claims Journal