Industry News
Written cyber insurance premiums will rise 15% in 2026 as new artificial intelligence threats and data demands emerge. In a new report, analysts at Forrester Research anticipate that the widespread adoption of AI will reverse the cyber market’s recent deceleration. …
Via: Claims Journal
The Caribbean Catastrophe Risk Insurance Facility will make a payout of US$70.8 million to the government of Jamaica to cover damages from Hurricane Melissa. This marks the largest single payout in the history of CCRIF, the Cayman Islands-based parametric catastrophe …
Via: Claims Journal
Three employees at cybersecurity companies spent years moonlighting as criminal hackers, launching their own ransomware attacks in a plot to extort millions of dollars from victims around the country, US prosecutors alleged in court filings. Ryan Clifford Goldberg, a former …
Via: Claims Journal
A group of Dow Inc. investors filed a lawsuit at the end of August accusing the chemical manufacturer of failing to properly disclose the impact of tariffs on its business. This is the first investor class action linked to President …
Via: Claims Journal
Stellantis said Tuesday it is recalling 375,000 plug-in hybrid Jeep Wrangler and Grand Cherokee SUVs worldwide over battery failure after 19 reports of fires, and urged owners to park outdoors until a fix is completed. The recall covers some 2020 …
Via: Claims Journal
Typhoon Kalmaegi killed 21 people and displaced nearly 400,000 more as it dumped heavy rains and caused widespread flooding in central Philippines.
Via: Claims Journal
Ford Motor is recalling 79,781 vehicles in the U.S. that are at risk of having interior panels near the front doors that could detach and rear lights that may stop working, the National Highway Traffic Safety Administration said. The recall …
Via: Claims Journal
Tesla Inc. was sued over a crash in Wisconsin last November that killed all five occupants of a Model S who allegedly became trapped in a fast-moving inferno when the doors wouldn’t open, adding to scrutiny over whether a design …
Via: Claims Journal
A North Dakota judge has ordered Greenpeace to pay damages of $345 million, reducing an earlier jury award after it found the environmental group and related entities liable for defamation and other claims in connection with protests of an oil …
Via: Claims Journal
Nearly two-thirds of construction workers reported experiencing anxiety or depression in the past 12 months, according to a new survey by design-build firm Clayco. Sixty-four percent of the more than 1,000 construction workers surveyed said they felt the impact of …
Via: Claims Journal