Industry News
Severe convective storms have moved from secondary peril to primary loss driver. Hail, tornadoes, and straight-line wind events now generate insured losses that rival, and in some years exceed, those from hurricanes and earthquakes. Aon’s 2026 Climate and Catastrophe Insight …
Via: Claims Journal
Ben & Jerry’s former independent chair Anuradha Mittal was “abusive, discriminatory and unprofessional” and fostered a toxic culture before she stepped down from the board earlier this year, according to a legal filing by Magnum Ice Cream Company. In one …
Via: Claims Journal
Agility Robotics Inc. on Tuesday unveiled a new humanoid that is designed to safely work in close proximity to people, a milestone for an industry that typically separates robots from human workers. The latest humanoid from the Salem, Oregon-based company, …
Via: Claims Journal
Glencore Plc accused Radiant World and associated companies of sending falsified invoices to lenders — just as a senior executive at the group of traders said they had filed a $2 billion lawsuit against Glencore. The claims mark the explosive …
Via: Claims Journal
California Gov. Gavin Newsom on Tuesday signed legislation establishing standards for investigating, testing and restoring smoke-damaged homes. Newsom signed Assembly Bill 1795, the Smoke Damage Recovery Act. The bill, authored by Assemblyman Mike Gipson and sponsored by California Insurance Commissioner …
Via: Claims Journal
OpenAI is working on steps to address artificial intelligence safety issues with its top competitors Anthropic PBC and Google DeepMind, escalating industry efforts to respond to a groundswell of concern that the technology poses an economic and security threat. Chris …
Via: Claims Journal
A late-filed workers’ compensation claim can be considered valid where the lateness is due to the identity of the claimant’s employer being concealed from her. The Virginia Workers’ Compensation Commission (VWCC) has upheld a deputy commissioner’s ruling that found an …
Via: Claims Journal
Ford is recalling 223,472 vehicles in the U.S. due to leaky and improperly secured fuel tanks that may detach from the vehicle while driving, the U.S. National Highway Traffic Safety Administration said on Saturday. Related: Ford Recalling 149,000 Vehicles in …
Via: Claims Journal
Deutsche Bank AG has settled a court case brought by Dario Schiraldi, a former manager who’d sued the lender for allegedly damaging his career by wrongfully blaming him in the Monte dei Paschi accounting affair. No terms on the settlement …
Via: Claims Journal
Accenture Plc, a management and technology consulting company, has agreed to pay $25 million to resolve allegations by the U.S. Justice Department that it took race and sex into consideration when making hiring and promotion decisions. The Justice Department said …
Via: Claims Journal