Posts by Y@DminG

Alphabet’s Google, already facing an unprecedented regulatory onslaught, is looking to shape public perception and policies on artificial intelligence ahead of a global wave of AI regulation. A key priority, one executive told Reuters, comes in building out educational programs … Source: Claims Journal

The cyberattack at UnitedHealth Group’s tech unit last year affected the personal information of 190 million people, the health conglomerate said on Friday, making it the largest healthcare data breach in the United States. The hack at Change Healthcare affected … Source: Claims Journal

Fire-wracked Los Angeles, facing its worst natural disaster in decades, has never needed the Federal Emergency Management Agency more. As new fires threaten homes across America’s second-largest city, FEMA has deployed roughly 550 experts to help displaced residents find shelter, … Source: Claims Journal

A U.S. auto safety agency said on Friday it is reconsidering a landmark rule from the administration of former President Joe Biden requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems. The National … Source: Claims Journal

The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses and damages, credit ratings—and lately worrying outlooks for the effect of the fires on insurance … Source: Claims Journal

The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR, according to a Fitch Ratings commentary. Insured losses … Source: Claims Journal

After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections of their roof membranes peeled back like blankets on a beach, exposing the buildings to water intrusion. Builders and commercial … Source: Claims Journal

Tesla Inc. will release a software update to about 1.2 million cars in China—around half the fleet it’s sold in the country—to fix issues with the vehicles’ power steering and rear-view cameras that may pose safety risks. The steering issue … Source: Claims Journal

Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs across California. According to Moody’s, the state’s already noticeable insurance pricing and availability challenges are likely to intensify, with negative … Source: Claims Journal

A cannabis growing company has lost its bid to have its insurer cover $1.3 million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its “flowering” rooms. A federal … Source: Claims Journal