Industry News
While cover for vessels is available from other providers, several market participants said costs for that had increased by at least 50% and in some case doubled.
Via: Claims Journal
Chinese electric vehicle maker Xiaomi said on Friday that it will set up a committee of advisers to assess the safety of its cars, as it moves to combat rising criticism over a recent spate of accidents. The company also …
Via: Claims Journal
Multiple efforts by Live Nation Entertainment Inc. to settle a federal antitrust lawsuit seeking to break up the company have been rebuffed by government lawyers for now, leaving the case on track to go to trial next week. Live Nation …
Via: Claims Journal
A rare outbreak of infant botulism that sickened dozens of babies who drank recalled ByHeart formula is over, with no new cases reported since mid-December, the U.S. Centers for Disease Control and Prevention said last week. In all, 48 babies …
Via: Claims Journal
Carriers across North America are reporting higher claims complexity and rising costs as medical inflation, litigation behavior and emerging AI‑enabled fraud reshape the claims environment, a new report shows. According to Gallagher Bassett’s 2026 Carrier Report, 64% of North American …
Via: Claims Journal
Gallagher Bassett named Saugata Chatterjee chief information officer. Saugata will lead Gallagher Bassett’s technology strategy and architecture. Russ Pass, former chief information officer and current executive vice president, will now focus on the claims experience as chief operating officer for …
Via: Claims Journal
JPMorgan Chase, Barclays and Fifth Third have been sued by investors who suffered losses on securities issued by now-bankrupt subprime auto lender Tricolor, and accused the banks of missing “giant red flags” when fraudulently marketing the debt. In a complaint …
Via: Claims Journal
When smoke rapidly engulfed his home in Oregon, retired firefighter Fred Cuozzo rushed away in his pickup truck and nearly died from swerving around flames. All but one structure on his rural 16-acre lot was destroyed by the 2020 fire. …
Via: Claims Journal
A federal judge this week granted Marsh its request to prohibit a group of employees who left for Howden US from using its confidential information, soliciting other former employees, and trying to acquire current and prospective Marsh clients. An opinion …
Via: Claims Journal
When a commercial truck is involved in a serious accident, claims professionals face a complex investigation with multiple parties, extensive regulations and potentially massive exposure. As an attorney who has handled hundreds of these cases from the plaintiff’s side, I …
Via: Claims Journal