Archive for September 2024

In the past five years, the annual insured losses from natural catastrophes averaged $106 billion, up from $83 billion in the preceeding five-year period, new data from Verisk shows. And with a noticible uptick in extreme weather in recent times, … Source: Claims Journal

A unit of Nestle SA agreed to pay €2 million ($2.2 million) to settle French criminal allegations focusing on its production of natural mineral water. The deal, which was approved on Tuesday by a judge in Epinal, east of France, … Source: Claims Journal

The landlord for a fire-damaged building leased to a Red Lobster restaurant is blaming the restaurant’s insurer for causing it to lose out on $1.2 million in fire insurance claims payments to repair the property. RL New Brunswick Owner LLC, … Source: Claims Journal

One forecast calls for Francine to intensify into a Category 2 hurricane in the next 24 hours before hitting the Louisiana coast with storm surge of up to 15 feet, while a catastrophe modeler says the surge could cause flooding … Source: Claims Journal

The secret to avoiding red lights during rush hour in Utah’s largest city might be as simple as following a bus. Transportation officials have spent the past few years refining a system in which radio transmitters inside commuter buses talk … Source: Claims Journal

U.S. regulators took a step toward forcing a recall of as many as 51 million air bag inflators they have said could explode in a crash, an escalation of a safety issue that has plagued the auto industry for years. … Source: Claims Journal

A new lawsuit claims that Trojan condoms are not safe because they contain toxic “forever chemicals,” which have been linked to cancer. In a proposed class action filed in Manhattan federal court, the plaintiff Matthew Goodman said Church & Dwight’s … Source: Claims Journal

Hundreds of thousands of Americans already live in homes that have repeatedly flooded. To get a good handle on the extent of those losses, check out the Federal Emergency Management Agency’s web page that hosts an extensive dataset with information … Source: Claims Journal

Seven public companies agreed to pay a combined $3 million to settle U.S. Securities and Exchange Commission charges they violated whistleblower protections, the regulator said on Monday. TransUnion agreed to pay $312,000 and Acadia Healthcare Company will pay $1.39 million … Source: Claims Journal

The cyber insurance market is being set up for continued strong growth, propelled by an increasing number of severe cyber-attacks, more competition and price declines, a new Moody’s report shows. The cyber market has seen moderate pricing declines, and some … Source: Claims Journal