Industry News
Iran has started charging transit fees on some commercial vessels passing through the Strait of Hormuz, another sign of Tehran’s control over the world’s most important maritime energy channel. Payments of as much as $2 million per voyage are being …
Via: Claims Journal
Bruce Swain has been named Crawford & Company’s president and CEO. The company’s board of directors appointed Swain to the top post after serving a stint as interim president and CEO since January 1. Crawford in January launched a new …
Via: Claims Journal
A New Mexico jury on Tuesday found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and WhatsApp and of enabling child …
Via: Claims Journal
New York’s LaGuardia airport is facing significant delays and cancellations for the second straight day following the deadly collision Sunday night between an Air Canada Express jet and a fire truck on the runway. The Federal Aviation Administration said it …
Via: Claims Journal
Alphabet-owned Wing plans to begin delivering packages by drone to homes in California’s San Francisco Bay Area in the coming months, it said on Monday, extending its rollout to one of its earliest testing grounds. Wing is seeking to scale …
Via: Claims Journal
Wildfires, severe convective storms and floods — also known as secondary perils — accounted for a record 92% of total global natural catastrophe insured losses of US$107 billion in 2025, according to Swiss Re Institute. Wildfires set a new loss …
Via: Claims Journal
Hyundai Motor said it has reports of four minor injuries because rear power seats in new Palisade SUVs may trap a person as sales remained halted after an incident earlier this month in which a two-year-old girl was killed in …
Via: Claims Journal
Toyota Motor Corp. outlined plans to invest $1 billion to increase vehicle output at its plants in two states, the latest tranche of a broader spending commitment of as much as $10 billion in the U.S. over the next five …
Via: Claims Journal
Berkshire Hathaway Inc. will invest 287.4 billion yen ($1.8 billion) in insurer Tokio Marine Holdings Inc., ramping up the U.S. conglomerate’s exposure to the Japanese market. National Indemnity Company, a subsidiary of Berkshire, will make a 2.49% strategic investment in …
Via: Claims Journal
South Korea’s transport ministry announced on Tuesday the recall of 58,000 Hyundai Motor Palisade hybrid sport utility vehicles nationwide over safety concerns, following a fatal accident in the United States earlier this month. Hyundai stopped sales of some high-end versions …
Via: Claims Journal