News
President Donald Trump said Mexico and Canada could not negotiate a reprieve from 25% tariffs scheduled to take effect on March 4. “No room left for Mexico or for Canada,” Trump told reporters Monday when asked if the U.S.’s North … Source: Claims Journal
As public perception and the legality of cannabis and other novel psychoactive substances continue to evolve, what emerging risks and litigation should insurance professionals keep an eye on? Last week, Verisk Analytics hosted a webinar to answer those questions and … Source: Claims Journal
Critical to extreme fire conditions are expected to affect more than 2.7 million people across the Southwest, lower Great Plains and Texas, including the oil-rich Permian Basin. A large low-pressure system is forecast to move across the central Great Plains, … Source: Claims Journal
Johnson & Johnson told a judge its $9 billion proposal to settle baby powder cancer claims in bankruptcy court is the only viable way to end more than 15 years of litigation, while opponents assailed the company’s efforts to line … Source: Claims Journal
Most insurance executives surveyed last year believe they have “an ethical obligation” to close the protection gap—and also believe that “lack of trust in the insurance industry” is a key barrier standing in the way. Economist Impact, a division of … Source: Claims Journal
Arkansas Attorney General Tim Griffin sued General Motors and its subsidiary OnStar this week, alleging the car manufacturer deceived Arkansans by collecting and selling driver information to third parties, who then sold the data to insurance companies. The lawsuit alleges … Source: Claims Journal
The claims industry has made great strides over the years, with significant investments in people and technology that include upgrades to legacy systems, workflow digitization and career development opportunities. However, the industry continues to wrestle with inefficiencies related to these … Source: Claims Journal
Connor Moucka, a Canadian, dropped out of high school and lived with his grandfather. John Binns, an American living in Turkey, feared the FBI and CIA were tracking him. Cameron Wagenius, a U.S. soldier, allegedly Googled how to defect to … Source: Claims Journal
While Western wildfires have dominated disaster news for decades, new analysis using artificial intelligence shows millions of homes across the country—even in the swampy Southeast—are at risk for wildfires. New data analysis from ZestyAI found that $2.15 trillion worth of … Source: Claims Journal
California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is found to have caused a deadly Los Angeles fire last month, Edison’s CEO said on Thursday. Southern California Edison, one … Source: Claims Journal