Industry News
The commercial property insurance market is navigating a constantly evolving landscape in 2025, in which rising costs, labor shortages and the ever-present threat of business interruption are reshaping how claims are managed. In response, many insurers and risk managers are …
Via: Claims Journal
Lists published every hurricane season, adjusting the amounts of insurance losses for past events for inflation to current-dollar levels, give a misleading picture of the potential for a single event costing insurers $100 billion. Karen Clark & Company (KCC) offered …
Via: Claims Journal
Didi Global Inc. agreed to pay $740 million to settle a shareholder lawsuit targeting the handling of its turbulent 2021 IPO, swallowing a one-time charge that pushed China’s ride-hailing leader into the red. The company disclosed the settlement Thursday alongside …
Via: Claims Journal
Credit bureau TransUnion said Thursday that more than 4 million people’s data was exposed in a recent hack involving an unidentified third party. In a letter dated earlier this week and posted to the website of Maine’s attorney general, the …
Via: Claims Journal
When the Eaton Fire burned in Los Angeles County in early January, 75% of the structures in the fire perimeter had a low to moderate wildfire hazard, but they carried a high to very high conflagration hazard. Eighty-four percent of …
Via: Claims Journal
Peloton Interactive must face a lawsuit claiming it defrauded shareholders by masking excess inventory of its home exercise equipment as the worst of the COVID-19 pandemic passed, a divided federal appeals court ruled on Wednesday. Reversing a lower court ruling, …
Via: Claims Journal
European carmakers said the European Union’s planned ban on combustion engines is no longer realistic, warning that climate rules risk weakening the region’s auto industry and its supplier network. In a letter, leaders of the industry’s main lobby groups urged …
Via: Claims Journal
The U.S. Federal Trade Commission sued the operators of gym chain LA Fitness and other gyms on Wednesday, saying they have made it exceedingly difficult to cancel memberships. Irvine, California-based Fitness International and Fitness & Sports Clubs, which operate hundreds …
Via: Claims Journal
Twenty years after Hurricane Katrina swamped Louisiana and Mississippi, the property insurance sector is better prepared for another catastrophic storm and the litigation that may follow, industry leaders say.
Via: Claims Journal
The remnants of Hurricane Erin will contribute to torrential rain across the Swiss Alps over the next two days, raising the risk of dangerous flooding and landslides. Switzerland’s state forecaster has issued the highest red alerts for parts of Ticino …
Via: Claims Journal