Industry News
After spiking premiums, nonrenewals and complaints about unpaid claims, more than 115,000 property owners in southwest Florida are now facing a new slap in the face after 2022’s Hurricane Ian: 25% higher flood insurance rates because local officials reportedly allowed …
Via: Claims Journal
The crypto sector suffered one of its biggest security incidents this year after a hacker swiped $63 million from a blockchain-based game. The game, Munchables, confirmed the incident in a post on X on Wednesday and said it would try …
Via: Claims Journal
Toyota Motor Corp. and Honda Motor Co. notched big US sales gains and General Motors Co. grew retail deliveries to start the year as demand for lower-priced models help automakers defy expectations for a broad slowdown. Toyota said Tuesday that …
Via: Claims Journal
Georgia lawmakers have approved two bills that could have a significant impact on windstorm and bad-faith claim losses for property insurers. First, the bad-faith reform legislation. Auto insurers have for years fought for changes to Georgia’s auto claims-handling statutes, after …
Via: Claims Journal
Despite citations from the U.S. Department of Labor’s Occupational Safety and Health Administration for similar hazards at its Shelby, Ohio facility in 2022, ArcelorMittal Tubular Products USA LLC — a subsidiary of one of North America’s largest steel suppliers — …
Via: Claims Journal
Idaho topped the list of states where homes gained the most value over a decade, a study using Zillow data shows. Idaho, with an average 171.03% increase in average value from $159,567 in 2013 to $432,476 in 2023, was followed …
Via: Claims Journal
Cal-Maine Foods Inc., the biggest egg producer in the US, has culled roughly 3.6% of its flock after birds at a Texas facility tested positive for avian flu, adding to concerns over a widening outbreak. Nearly 1.6 million laying hens …
Via: Claims Journal
The United States and Britain announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and British Technology Secretary Michelle Donelan signed a memorandum of understanding in Washington …
Via: Claims Journal
Storms and tornadoes are in the forecast for states across the Midwest in the US, with further weather warnings and advisories stretching further east. There is a moderate risk of severe thunderstorms — which could bring hail, tornadoes, and straight-line …
Via: Claims Journal
In September, Hyundai and Kia issued a recall of 3.4 million of its vehicles in the United States with an ominous warning: The vehicles should be parked outdoors and away from buildings because they risked catching fire, whether the engines …
Via: Claims Journal