Industry News
On paper, it was supposed to be a six-month loan. In December 2018, one of sports mogul Mark Walter’s insurance companies sent $40 million to an undisclosed borrower. But rather than collect payment when the loan matured the following June, …
Via: Claims Journal
A U.S. appeals court threw out on Friday an order allowing Tesla TSLA.O customers in California to pursue class action claims accusing the electric vehicle maker of misleading them about the capabilities of its full self-driving technology. In its ruling, …
Via: Claims Journal
Catastrophe risk management firm Karen Clark & Co. (KCC) said privately insured losses from wind and storm surge during Hurricane Isaias will be about $3 billion, making the storm one of the most manageable for insurers in recent years. AM …
Via: Claims Journal
Hybrid vehicles accounted for a record 22.8% of new vehicle registrations in California through the first nine months of the year, a new report shows. However, the Q3 2026 California Auto Outlook, published by Auto Outlook Inc. for the California …
Via: Claims Journal
The commercial cyber insurance market is strong and growing, but small to midsize businesses may be falling behind as cybercriminals ramp up AI efforts. “Cyber threats are evolving faster than many businesses can adapt, creating significant financial and operational challenges,” …
Via: Claims Journal
The horrific death of a man who was ejected from a Six Flags roller coaster in Georgia is drawing attention to the safety of amusement park rides that have become increasingly faster and steeper in their quest for the biggest …
Via: Claims Journal
The electric vehicle performed a series of aerial stunts for a crowd of onlookers.
Via: Claims Journal
A former claims adjuster has been charged with defrauding the Pennsylvania insurer he worked for by taking payment of nearly $1 million for an accident claim under the guise that he was with a law firm representing the claimant. Pennsylvania …
Via: Claims Journal
Duke’s Malibu has endured one disaster after another. The famed restaurant perched over the Pacific narrowly survived last year’s Palisades Fire, though smoke left it badly damaged. Five weeks later, a mudslide forced it to close for 13 months. Last …
Via: Claims Journal
A broad-based AI exclusion in insurance policies could create “real confusion and uncertainty,” Marsh CEO John Doyle said, calling for a more nuanced approach to assessing risks as the technology becomes increasingly embedded in business operations. Analysts and experts say …
Via: Claims Journal