Industry News
A former Brookfield Asset Management senior vice president sued the firm, claiming it wrongfully fired her over a social media post following the murder of conservative political activist Charlie Kirk. Jennifer Kipley, who joined Brookfield’s global client group in 2022, …
Via: Claims Journal
Three Australian plants that provide about 8% of the world’s liquefied natural gas have had their output curbed by a cyclone, in a further blow to mainly Asian buyers reeling from the halt of shipments from Qatar. Karratha, the onshore …
Via: Claims Journal
Vehicle safety technologies like automatic emergency braking, lane departure prevention and high-beam assist are reducing insurance claims, according to a new study. Safety benefits from these driver assistance features also increase as systems get bundled and updated, according to a …
Via: Claims Journal
A property insurer is on solid ground in applying depreciation to actual cash value, as long as the policy makes that plan clear, a federal appeals court said in shooting down a proposed class-action lawsuit against Cincinnati Casualty Co. The …
Via: Claims Journal
Toyota Motor Corp.’s Chinese joint ventures are recalling more than 560,000 sport utility vehicles to fix a defect in the second-row seats that could jeopardize passenger safety during a collision. From April 1, the Japanese carmaker and its local partner …
Via: Claims Journal
Treasury Secretary Scott Bessent said a U.S. insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that may help revive flows of much of the world’s oil and gas supplies. Bessent’s predictions, delivered …
Via: Claims Journal
When Matthew Allan realized nearly $100,000 in Bitcoin was missing from his Coinbase account, he wasn’t too worried. He had signed up for Coinbase One, a $29.99 monthly subscription that promised up to $1 million of account protection. Coinbase’s response? …
Via: Claims Journal
The Justice Department is suing United Parks & Resorts Inc., the parent company of Sea World, for allegedly discriminating against people with disabilities at its theme parks with a policy banning wheeled walkers with seats. The government alleges the policy …
Via: Claims Journal
First Central Group Ltd., the U.K. vehicle and home insurer, has appointed investment banks as it prepares for a potential initial public offering in London, according to people familiar with the matter. The company has lined up Deutsche Bank AG …
Via: Claims Journal
EFI Global named Jamie McComas as senior vice president of sales. McComas will lead EFI Global’s sales and growth strategy. McComas has two decades of experience. Prior to joining EFI Global, McComas held leadership and she also led national business …
Via: Claims Journal