Industry News
Italy’s ITA Airways will decide within the next eight weeks whether to sue aerospace supplier RTX’s Pratt & Whitney due to engine problems that have grounded almost 20% of its fleet of 80 aircraft, the carrier’s CEO said on Sunday. …
Via: Claims Journal
CorVel named Sarah Scott CEO and president, succeeding Michael G. Combs, who will transition to the role of executive chair. The move is effective July 1. Scott has been with CorVel for more than 26 years. She is currently executive …
Via: Claims Journal
President Donald Trump told the U.S. Supreme Court he intends to ask the justices to revive his $475 million defamation lawsuit against CNN over use of the term “Big Lie” in reporting on his claim that the 2020 election was …
Via: Claims Journal
British gambling company Betfair is fighting a landmark London lawsuit that could determine whether betting companies owe a duty of care to problem gamblers, in a case that opened last week and is being closely watched by the industry. The …
Via: Claims Journal
When Mitesh Parikh, a headhunter at U.K. recruiter Selby Jennings, started looking for an ILS modeler for a large U.S. hedge fund this year, the pool of qualified candidates was disconcertingly small. “It was a tough search,” says Parikh, who …
Via: Claims Journal
The Iran war sent gas prices surging, and buyers snapped up used EVs, often at a steep discount. Those unwilling or unable to go fully electric have turned to hybrids.
Via: Claims Journal
Wetland loss across the U.S. has driven up residential flood insurance claim payments by more than $10 billion in the past 40 years, a new study shows. The study, published in Nature Water, residential flood insurance claim payment amounts increase …
Via: Claims Journal
While U.S. farmers brace for higher fertilizer and chemical bills tied to turmoil in the Middle East, another expense is already taking a bite out of razor-thin margins: diesel fuel. Prices for the fuel that powers tractors, combines and grain …
Via: Claims Journal
Western Asset Management Co. reached a $100 million settlement with the Securities and Exchange Commission to resolve an investigation related to trading practices of its onetime star manager Ken Leech. “Western Asset did not take reasonable steps to ensure that …
Via: Claims Journal
Aon plc named José María Navas chief claims officer for Europe, the Middle East and Africa. Navas will lead the firm’s claims organization across EMEA, overseeing strategy, advocacy and claims preparation capabilities. He will report to Luca Tassarotti, head of …
Via: Claims Journal