Industry News
The Catholic Diocese of Camden, New Jersey and several holdout insurers have agreed to add $180 million to a trust fund to pay claims of survivors of sexual abuse by the church’s clergy. The $180 million is in addition to …
Via: Claims Journal
Bayer AG Chief Executive Officer Bill Anderson’s effort to extricate the company from the years-long legal battles related to its Roundup pesticide is facing some skepticism from investors. The German conglomerate’s proposed $7.25 billion class-action settlement in the U.S. announced …
Via: Claims Journal
Every year, millions of workers are injured or die on the job, imposing enormous human and economic costs. The socio-economic impact of workplace safety is hard to avoid and presents governments and organizations with a major challenge. In the United …
Via: Claims Journal
The Trump administration said Wednesday it is rescinding a rule that incentivized automakers to produce electric vehicles to meet fuel economy requirements by overstating energy savings. Environmentalists have long criticized the Energy Department rules for assigning unrealistically high fuel-economy values …
Via: Claims Journal
A U.S. federal judge threw out on Tuesday a lawsuit against Buffalo Wild Wings that alleged the restaurant and sports bar chain deceived consumers by selling boneless wings that are not actually de-boned chicken wings. Judge John Tharp Jr. in …
Via: Claims Journal
The Travelers Companies announced the launch of AI Claim Assistant, a fully agentic intelligent voice service to handle customer claim calls. The service, developed using OpenAI model capabilities and APIs, uses advanced language and speech recognition technologies, Travelers said, reporting …
Via: Claims Journal
Tesla Inc. will be allowed to continue selling electric vehicles in California uninterrupted after the company revised what the state had called misleading marketing of driver-assistance technology. The automaker has taken “corrective action” including ending the use of Autopilot branding …
Via: Claims Journal
Vanderbilt Minerals, which mines materials used in industrial products, filed for bankruptcy after its cash flow was overwhelmed by an increase in lawsuits that accuse the company of once selling items contaminated by asbestos. The firm, which denies that its …
Via: Claims Journal
Tesla Inc.’s robotaxis have been involved in over a dozen crashes in Austin since service began, according to reports the carmaker has made to regulators. The electric vehicle maker has said its nascent robotaxi business has been involved in 14 …
Via: Claims Journal
Hybrid work is driving a new class of workers’ compensation risk—one that’s harder to verify, slower to resolve and increasingly costly. Understanding why and what to do about it requires a new approach to data, validation, and proactive risk management. …
Via: Claims Journal