Industry News
Stellantis Antonio Filosa said on Thursday that the automaker is focusing on hybrid production in the U.S. market, a shift from his predecessor’s focus on fully-electric models. “We truly believe that hybrid is going to be one of the favorite …
Via: Claims Journal
Xceedance is expanding its presence in Asia with a new talent hub in Manila, Philippines. The hub is set to provide 24-hour global support to more than 350 clients worldwide and increase efficiency across delivery centers in India, Poland and …
Via: Claims Journal
Competitors in the insurance technology market are now warring through litigation, with each company bringing hard-hitting allegations against the other. Late last month, insurance software provider Applied Systems sued Comulate on allegations that Comulate created a fake agency to take …
Via: Claims Journal
PepsiCo Inc. is nearing a settlement agreement with activist investor Elliott Investment Management, the Wall Street Journal reported Thursday, without providing details. An agreement could be announced soon, according to the Journal. PepsiCo has worked to overhaul its portfolio of …
Via: Claims Journal
War insurance costs for ships sailing to the Black Sea have spiked again, with insurers reviewing policies daily as the conflict in Ukraine spills into sea lanes, five shipping and insurance sources said on Thursday. The Black Sea is crucial …
Via: Claims Journal
Rivian Automotive plans to recall 34,824 U.S. vehicles due to a damaged seat belt pretension cable that may fail to properly restrain the driver’s seat belt, increasing crash injury risk, the U.S. National Highway Traffic Safety Administration said on Tuesday. …
Via: Claims Journal
Devastating floods have killed more than 1,300 people and caused at least $20 billion in losses since late last month across parts of South and Southeast Asia.
Via: Claims Journal
Corporate sustainability is an important topic in business and particularly insurance, but it turns out that sustainability is also becoming a bigger topic of interest for claims leaders. Most (77%) of claims leaders report that sustainability is explicitly addressed in …
Via: Claims Journal
The just-ended 2025 Atlantic hurricane season surprised some forecasters after it produced no major storms that hit the United States. But the hurricanes that did arise, with most remaining offshore and one slamming Jamaica, were mostly Category 5 beasts – …
Via: Claims Journal
An Hermès heir is suing conglomerate LVMH and its billionaire CEO Bernard Arnault in a Paris civil court in a bid to recover about €14 billion ($16.3 billion) for his alleged lost shares in the maker of Birkin handbags. Nicolas …
Via: Claims Journal