Posts by Y@DminG

The value of uninsured natural-catastrophe losses rose more than 7% globally last year to $424 billion, with North America the most exposed region, according to a fresh analysis. While insurance coverage has broadly kept pace with rising catastrophe exposure, the … Source: Claims Journal

Eric Flickinger reached his breaking point this spring while filling up his Ram 1500 pickup with diesel that cost $7.39 a gallon. When the pump clicked off, it read exactly $200. As if that weren’t painful enough, when he hopped … Source: Claims Journal

Alphabet is looking to raise $80 billion in equity offerings, including via an investment deal with Berkshire Hathaway, the Google parent said on Monday, in its aggressive push to fund a costly expansion of its AI infrastructure. The deal also … Source: Claims Journal

A worker who suffered serious injuries in 2017 after a 1,300-pound load of lighting fixtures fell onto him has lost the $41.9 million he was awarded by a jury in October 2022. The Connecticut Appellate Court this week overturned the … Source: Claims Journal

Extreme weather will likely spur more than $20 trillion in global spending over the next decade, boosting sales and earnings for reinsurers and companies involved in energy efficiency and climate security, according to analysts at Bloomberg Intelligence. Returns for a … Source: Claims Journal

Canada sent a letter to the United States and Mexico on Tuesday outlining its recommendations to renew a trilateral trade agreement for 16 years while seeking parallel talks on sectoral tariffs ahead of a meeting between Canadian and U.S. trade … Source: Claims Journal

The Trump administration will ask leading AI developers to voluntarily submit their most capable models for government cybersecurity tests before releasing them to the public, according to an executive order released on Tuesday, as security fears mount in Washington over … Source: Claims Journal

A day before crossing the Strait of Hormuz, an Indonesian seafarer aboard the Al Rayyan tanker published a picture of a rainbow cutting across the bow. “When the dream ship becomes reality,” he wrote on social media, thanking God for … Source: Claims Journal

Amazon was sued on Monday by a Virginia resident over what he said were privacy violations after the company’s Ring doorbell cameras at friends and family members’ homes collected and stored images of his face using facial recognition software. The … Source: Claims Journal

In property/casualty claims, the initial inspection does more than document damage. It establishes the foundation for how the claim will be evaluated, reserved and ultimately resolved. When that inspection is incomplete, rushed, or performed without sufficient expertise, the effects rarely … Source: Claims Journal