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Lessons From 2024’s Extreme Weather Events: A Global Perspective
The year 2024 will be remembered as a defining moment in the history of weather-related catastrophes. From unprecedented heat waves to catastrophic floods, the world witnessed the devastating effects of extreme weather patterns that left no corner of the globe … Source: Claims Journal
Read MoreCatastrophic Weather Drives Insured Losses to Highest Since 2017
As 2025 begins with wildfires wreaking devastation across Los Angeles, it’s now clear that insured losses from natural catastrophes last year soared to the highest since 2017. At $140 billion, insured losses globally were more than double the 30-year average … Source: Claims Journal
Read MoreInsured Losses From Los Angeles Wildfires Rising: $8B to $20B
Editor’s note: This story has been updated with new AccuWeather total loss estimates. With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of destructive Los Angeles area blazes are sure … Source: Claims Journal
Read MoreSettlements Eclipse $40B in 2024 as PFAS, Reverse Discrimination Claims Emerge
Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris. Gerald L. Maatman, partner at the firm and co-author of its 650-page report, said … Source: Claims Journal
Read MoreApple Clarifies Siri Privacy Stance After $95M Class Action Settlement
Apple clarified on Wednesday that it has never sold the data collected by its Siri voice assistant or used it to create marketing profiles, just days after settling a case in which it faced such accusations. The iPhone maker last … Source: Claims Journal
Read MoreJudge Approves Tesla Directors’ Deal to End Excess Pay Case
Tesla directors including Chair Robyn Denholm and James Murdoch got court approval on Wednesday for a settlement worth up to $919 million that requires they return compensation to the carmaker to resolve allegations they overpaid themselves. The settlement requires Tesla … Source: Claims Journal
Read MoreIIHS: High-Visibility Clothing May Thwart Pedestrian Crash Prevention Sensors
Clothes that make people stand out to human drivers may make them invisible to automated crash prevention systems, a new study suggests. The Insurance Institute for Highway Safety studied conspicuous clothes and crashes into pedestrians in a report released on … Source: Claims Journal
Read MoreWhite House Rushes to Finish Cyber Order After China Hacks
The Biden administration is racing to put out an executive order meant to shore up U.S. cybersecurity in its dwindling days in office, according to four people familiar with the matter. The executive order, which has cleared some internal hurdles … Source: Claims Journal
Read MoreInjured While ‘Simply Walking’ Not Covered by Workers’ Compensation
Not all accidents are compensable merely because they happen at work, the Virginia Workers’ Compensation Commission (WCC) reminded in denying workers’ compensation benefits to a school bus driver for an injury that happened while he was simply walking from his … Source: Claims Journal
Read MoreCalifornia Wildfires Will Likely Lead to Large Economic and Insured Losses
Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders for more than 80,000 residents will likely lead to what industry watchers say will be sizable insured losses. With the … Source: Claims Journal
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