Industry News
They recommend easing the framework to require 70% of EU-made vehicles to contain at least 70% of the value of work and components from member state countries as well as Norway, Iceland and Liechtenstein.
Via: Claims Journal
Cumulative trauma claims have risen sharply in recent years and they are driving changes in claim characteristics, costs and claim outcomes, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California’s Emerging Patterns of Cumulative Trauma Claims report …
Via: Claims Journal
Nashville residents will likely remember the massive fire—one year ago this week—that destroyed the downtown library’s parking garage, totaled dozens of vehicles, and left the library closed for months. Travelers Excess & Surplus Lines, which had provided a multimillion-dollar policy …
Via: Claims Journal
Marsh & McLennan Agency has filed suit against brokerage Patriot Growth Insurance Services and eight former members of a surety team over an alleged poaching scheme. Filed early June in U.S. District Court for the Southern District of New York …
Via: Claims Journal
Ford is recalling 548,463 vehicles in the United States over an issue with the center console, the U.S. National Highway Traffic Safety Administration said on Thursday. The issue relates to the console’s chrome plating, which may bubble and peel over …
Via: Claims Journal
U.S. companies plan to charge more for employee health plans next year, as soaring drug prices drive up insurance costs. Two thirds of large companies expect to raise monthly premiums for employee health coverage through paycheck deductions in 2027, according …
Via: Claims Journal
A Hawaii man was sentenced for filing claims with the Federal Emergency Management Agency seeking disaster relief related to the Lahaina and Pacific Palisades wildfires. Daylyn Harris, 35, of Honolulu, was sentenced to 24 months in prison, followed by five …
Via: Claims Journal
El Niño conditions are present and expected to strengthen into the Northern Hemisphere winter of 2026–27, the U.S. Climate Prediction Center said on Thursday. Related: CSU Adjusts Atlantic Hurricane Season Forecast Due to Emerging El Niño The U.S. government forecaster …
Via: Claims Journal
A South Korean regulator fined the country’s largest e-commerce platform, owned by U.S.-listed Coupang Inc., a record 624.7 billion won ($409 million) for a wide-ranging cyber-intrusion that escalated into a diplomatic tiff with the U.S. The Personal Information Protection Commission’s …
Via: Claims Journal
Honda Motor America is recalling 1,049,883 vehicles in the United States due to a defect in the tire repair kit, the National Highway Traffic Safety Administration said on Wednesday. The issue involves a faulty sealant bottle, in which pressure can …
Via: Claims Journal