Industry News
Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of new Nike sneakers, including many that haven’t hit the retail …
Via: Claims Journal
An American Airlines Group Inc. plane aborted its landing at Ronald Reagan Washington National Airport to avoid another aircraft departing on the same runway, the latest in an alarming series of US aviation incidents in recent weeks. The jet was …
Via: Claims Journal
The chairman of Stellantis NV urged President Donald Trump to refrain from putting tariffs on cars shipped from Canada or Mexico and instead focus on imported vehicles lacking any U.S. parts content. “The real opportunity” for the administration to boost …
Via: Claims Journal
Walgreens said it had entered into a settlement agreement with telemedicine provider Everly Health Solutions as part of which the pharmacy chain operator will pay the company $595 million over a contract dispute for COVID-19 testing. The settlement, payable within …
Via: Claims Journal
In the era of cutting-edge computer modeling, satellite data and AI, there has never been more abundant information on the danger that wildfire poses to homes in the Los Angeles area. But that didn’t necessarily help thousands of homeowners correctly …
Via: Claims Journal
Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so far by a single European reinsurer for the January catastrophe. The wildfires …
Via: Claims Journal
Smartwatches and other wearable technologies have the potential to change the pricing of life insurance policies by offering better data about individuals’ mortality risk, according to a new report by reinsurance company Munich Re and analytics firm Klarity. The study …
Via: Claims Journal
Malaysia’s 1MDB has dropped a years-long lawsuit against Riza Aziz, one of the producers of hit movie The Wolf of Wall Street, and a stepson to jailed former Prime Minister Najib Razak. The state investment fund, known formally as 1Malaysia …
Via: Claims Journal
The number of Americans that think it’s a good idea for property/casualty insurers to leverage artificial intelligence is headed down, with a growing number of people who say they would be less likely to buy a policy with an insurer …
Via: Claims Journal
A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers. U.S. Magistrate Judge Laurel Beeler in San …
Via: Claims Journal