Industry News
More than 10 million people will be at risk for a four-day stretch of severe weather expected to rumble through the South and Southeast United States in the coming days, according to an AccuWeather media release issued on Thursday. In …
Via: Claims Journal
Record-setting flooding over three days dumped more than a foot of rain on parts of northern California, a fire left thousands under evacuation orders and warnings in Los Angeles County, forecasters issued the first-ever tornado warning in San Francisco and …
Via: Claims Journal
Three Oregon lawmakers say they plan to introduce a bill that would bar utilities from raising rates if they have unresolved wildfire lawsuits for three or more years, describing it as an effort to hold PacifiCorp accountable as the utility …
Via: Claims Journal
Auto sales around the world are expected to grow marginally next year on increased supplies of vehicles, but production levels are likely to fall as carmakers seek to rein in inventory levels, according to S&P Global Mobility estimates. Global sales …
Via: Claims Journal
A subsidiary of Polish e-commerce platform Allegro filed a lawsuit on Monday against Google owner Alphabet, Google Ireland and Google LLC, seeking 2.33 billion zlotys ($567.60 million) in damages, Allegro said in a statement. The unit, Ceneo, is demanding compensation …
Via: Claims Journal
Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to jury awards above …
Via: Claims Journal
Almost three dozen high-rise condos and luxury hotels along the beach in South Florida are sinking or settling in unexpected ways, in some cases because of nearby construction, according to a new study. The 35 buildings surveyed along an almost …
Via: Claims Journal
Even though hurricane season 2024 has passed, claims professionals are still hard at work processing claims and damages in the aftermath of hurricanes Helene and Milton. Insurers expect to see an influx of activity in Appraisals Under Policy disputes this …
Via: Claims Journal
Twisted equipment and snapped tree limbs still litter Chris Hopkins’ Georgia farm more than two months after Hurricane Helene made its deadly march across the South. An irrigation sprinkler system about 300 feet (92 meters) long lay overturned in a …
Via: Claims Journal
Drivers and airline passengers without reindeer and sleighs better make a dash for it: it’s beginning to look like another record for holiday travel in the U.S. The auto club AAA predicts that more than 119 million people will travel …
Via: Claims Journal