Industry News
The share of insurance companies planning to maintain their current staff size over the next 12 months has reached a 15-year high—while just 7% of insurers plan to reduce headcount in 2026. Aon and The Jacobson Group’s Q1 2026 Insurance …
Via: Claims Journal
A federal judge on Thursday awarded Pfizer $29 million to resolve a dispute with the U.S. Securities and Exchange Commission stemming from the regulator’s 2013 insider trading settlement with billionaire Steven A. Cohen’s former hedge fund SAC Capital Management. The …
Via: Claims Journal
Ford is recalling 604,533 vehicles in the U.S. because the windshield wiper motor may fail, reducing visibility and increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said. Related: Ford Recalling 1.74M Vehicles in US Over …
Via: Claims Journal
Live Nation Entertainment Inc.’s Ticketmaster was so dominant in the U.S. live concert business that rival SeatGeek Inc. was offering arenas “retaliation insurance” for any events they lost by switching ticket sellers, according to testimony at a landmark antitrust trial. …
Via: Claims Journal
Demographic shifts and rising service demands are influencing retention and claims performance across the industry, according to a new report. New findings from Sedgwick’s 2025 Loss Adjusting Insights Report show widening gaps in customer expectations that are reshaping how insurers …
Via: Claims Journal
The National Highway Traffic Safety Administration will hold a national autonomous vehicle safety forum that will include the CEOs of self-driving companies Waymo, Zoox and Aurora on Tuesday. Related: Carmakers Push Toward ‘Eyes-Off’ Driving, Raising Questions of Safety, Liability The …
Via: Claims Journal
Residents of Syracuse, New York — America’s snowiest city — once barraged a service hotline with street neglect complaints during blizzards, even if plows had passed two hours earlier but the work was hidden by fresh snow. Now public trust …
Via: Claims Journal
Ford is recalling 1.74 million vehicles in the U.S. as a rearview camera defect may prevent images from displaying, reducing the driver’s view behind the vehicle, the U.S. National Highway Traffic Safety Administration said on Friday. Recall: Ford Recalling 4.3 …
Via: Claims Journal
London-based ship reinsurers are canceling coverage and demanding 200% more to reinstate policies, after a U.S. sub sank an Iranian warship off Sri Lanka, say people familiar with the matter.
Via: Claims Journal
Westchester Surplus Lines Insurance has reached a settlement with a Florida condominium association in a hurricane claim, three years after the condo claimed damages that insurers said were so inflated that they were termed “outrageous.” “This matter involves an egregious …
Via: Claims Journal