Industry News
Hong Kong has weathered the worst of Super Typhoon Ragasa, which is moving away from the financial hub and is set to cross China’s southern coast later Wednesday, where it’s expected to dump torrential rain. Ragasa has killed at least …
Via: Claims Journal
A former staff adjuster for a large Florida insurance carrier has been found guilty of defrauding the insurer out of more than $580,000. A federal jury in Orlando last week said James Octavias Tobias Owens, 34, from the Orlando area, …
Via: Claims Journal
The insurance industry’s ability to serve clients and maintain profitability hinges on the effectiveness of its claims management function. This is never more important than in a softening market where claims management can be a significant differentiator in attracting business. …
Via: Claims Journal
A decade ago, someone in the market for a new car with less than $25,000 to spend, had 43 different models to choose from. Today, there are five, according to Cox Automotive. None is electric. But stalwarts like Ford Motor …
Via: Claims Journal
Britain’s biggest carmaker Jaguar Land Rover is extending the closure of its factories until October 1 following a cyberattack in early September that has left its operations paralyzed and smaller suppliers struggling. The luxury carmaker, owned by India’s Tata Motors …
Via: Claims Journal
Hong Kong is facing destructive winds and drenching rain as Super Typhoon Ragasa tracks toward the financial hub, potentially becoming the most damaging storm since 2018.
Via: Claims Journal
Amazon.com Inc. and three executives are facing a federal regulator’s allegations in a Seattle court that they duped customers into signing up for the company’s Prime subscription service and then made it too hard to cancel. The trial, which is …
Via: Claims Journal
A Massachusetts jury has awarded $83 million to the estate of a woman who died from mesothelioma caused by asbestos in ceramics products. The jury returned the verdict against the maker of the ceramics products, American Art Clay Co. The …
Via: Claims Journal
Cybercriminals are taking greater risks by hitting high-profile targets to get bigger payoffs and boost their online reputational clout, cybersecurity experts said, after a weekend hack crippled airport check-in systems across Europe and stranded thousands of passengers. The European Union’s …
Via: Claims Journal
China’s giant electric vehicle insurance market is flailing. Losses are piling up, as companies’ risk models haven’t kept up with changes in vehicle economics and driver behaviors. The country now has tens of millions of electric cars on its roads, …
Via: Claims Journal