Industry News
The 2026 catastrophe season will face a more distributed and harder-to-predict risk landscape than carriers have historically planned for, according to a new report by global claims administrator Sedgwick. The complex nature could make claims harder to manage, more expensive …
Via: Claims Journal
Ford is recalling 255,404 vehicles in the U.S. over an issue with the canister purge valve, which may malfunction, causing the engine to stall unexpectedly while driving, the U.S. National Highway Traffic Safety Administration said. The recall affects certain 2012-2018 …
Via: Claims Journal
Our novel artificial intelligence model can predict extreme storm surges with high accuracy, including under future climate conditions. Because the AI model runs much faster, it can help researchers and practitioners better assess coastal flood risk for adaptation planning. Sea …
Via: Claims Journal
A fiery North Dakota derailment that happened two years ago demonstrated yet again why the National Transportation Safety Board has been urging the rail industry for decades to replace flawed tank cars that tend to rupture in a crash. The …
Via: Claims Journal
Illegal cyber activities accounted for around a third of all crimes recorded in some Asian countries, with scams the most widespread and financially damaging, according to a new Interpol report. The global policing agency’s latest cyber threat assessment cited the …
Via: Claims Journal
Two U.S. senators are asking the nation’s traffic safety regulator to examine Tesla’s self-published crash statistics for its “Full Self-Driving” (FSD) driver-assistance system, following a Reuters investigation last month that found the EV maker was exaggerating its safety claims. Democratic …
Via: Claims Journal
A federal judge on Wednesday returned Bayer’s proposed $7.25 billion settlement of Roundup lawsuits to Missouri state court, overruling the objections of some cancer victims who said the state court could not bind a nationwide class of people who allege …
Via: Claims Journal
Amazon.com Inc. is facing a possible lawsuit from the U.S. Federal Trade Commission that may lead to billions of dollars in civil penalties, over claims the e-commerce giant misled advertisers, according to people familiar with the matter. The FTC, which …
Via: Claims Journal
As the U.S. Gulf coast braces for flooding, there’s a moderate level 4 risk of severe thunderstorms across central Illinois and Indiana. The risk for Chicago is one notch lower, but in all 46 million people across parts of 11 …
Via: Claims Journal
A cyber extortion group claimed on Tuesday to have stolen more than a terabyte of data from pharmaceutical giant Novo Nordisk and said it is exploring selling parts of the data after unsuccessfully demanding $25 million from the company. FulcrumSec, …
Via: Claims Journal