Industry News
U.S. product recall activity remained elevated in the first quarter, a new report shows. Sedgwick’s latest U.S. recall report shows the volume of defective products recalled across five U.S. industries rose 27% quarter-over-quarter to 492 million units in the first …
Via: Claims Journal
A federal judge on Thursday pressed lawyers for more information on several points of artificial intelligence company Anthropic’s proposed $1.5 billion settlement with authors who accused it of misusing their books to train its AI chatbot Claude. U.S. District Judge …
Via: Claims Journal
NASHVILLE—The future of property/casualty insurance is here and it looks a lot like … a devoted personal assistant for the policyholder, one that moves at lightning speed and never complains or takes a day off. “You want your customer personalization …
Via: Claims Journal
El Niño is likely to develop soon, with an 82% probability during May-July 2026, the U.S. Climate Prediction Center said on Thursday. El Niño is expected to continue through the Northern Hemisphere winter, with a 96% chance in December 2026-February …
Via: Claims Journal
The cost of a surplus-lines homeowners’ policy in Florida is now about the same as admitted-market HO policies, reflecting the growing trend for excess and surplus firms across the state and beyond, recent reports show. The Florida Surplus Lines Service …
Via: Claims Journal
U.S. workers’ compensation net written premium decreased 0.2% in 2025, according to the National Council on Compensation Insurance. NCCI reported that while the calendar year 2025 combined ratio for workers’ compensation is 91 (compared with 86 the prior year), the …
Via: Claims Journal
Insurance fraud is not a new problem. What has changed is the ease with which a fraudulent claim can be made to look legitimate. Tools that once required technical skill are now free and can be used by anyone in …
Via: Claims Journal
Claims for mild hybrid electric vehicles surged to record highs in North America, with year-over-year increases of 25% in the U.S. and 33% in Canada, a new report shows. Claims for MHEVs were up 5.69% in the U.S. and 5.28% …
Via: Claims Journal
From drought to ping-pong size hail and unseasonable warmth, weather extremes have wheat farmers reaching for their phones to ring their insurance adjusters to assess the viability of their crops. Oklahoma farmer Dennis Schoenhals made the call a few weeks …
Via: Claims Journal
OpenAI would support the creation of a global governance body for artificial intelligence led by the U.S. and including China as a member, a top company executive said, hours before the start of President Donald Trump’s high-stakes meeting with Chinese …
Via: Claims Journal