Industry News
FBI Director Kash Patel filed a $250 million defamation lawsuit against The Atlantic and staff writer Sarah Fitzpatrick over a story alleging excessive drinking and unexplained absences, calling the reporting “malicious lies” built on anonymous sources with partisan motives. The …
Via: Claims Journal
Commercial traffic through the Strait of Hormuz is at a virtual standstill on Monday after a brief and confused reopening over the weekend ended with the first US seizure of an Iranian vessel — underscoring just how difficult it will …
Via: Claims Journal
The Trump administration is considering potential changes to North American trade rules that would raise tariff costs on U.S. automobile imports and push manufacturers to boost domestic production, according to people familiar with the matter. U.S. officials have discussed requiring …
Via: Claims Journal
A federal judge last month approved a preliminary class settlement resolving claims that State Farm underpaid Arkansas policyholders for total loss vehicle claims by applying an erroneous valuation method. Under the settlement agreement, State Farm will pay $15.6 million to …
Via: Claims Journal
U.S. cyber insurers in 2025 reversed a couple of years of decline in direct written premiums to post growth of 11% but, according to Fitch Ratings, there are some underwriting concerns brought on by developments with artificial intelligence. Fitch said …
Via: Claims Journal
The Financial Stability Board is gathering information from members about potential risks posed by Anthropic’s Mythos model as it look to share such insights more broadly among its network of regulators and central bankers to help them judge the risks …
Via: Claims Journal
A Massachusetts judge on Friday blocked GE Vernova from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the $4.5 …
Via: Claims Journal
The idea that AI tools can help plaintiffs’ lawyers to improve finely tuned litigation strategies that ultimately drive insurance company claims payouts is not new to insurance industry readers. Nor is the suggestion that defense firms need to try to …
Via: Claims Journal
Iran announced that the Strait of Hormuz is now "completely open" for commercial traffic, a big step toward ending a war that's sent energy prices surging.
Via: Claims Journal
Ford is recalling about 1.4 million F-150 pickup trucks in the U.S. following a U.S. National Highway Traffic Safety Administration investigation into reports of unexpected downshifts, the regulator said on Friday. The NHTSA said Ford was aware of two “potentially” …
Via: Claims Journal