Archive for May 2025

Alphabet’s Waymo is recalling more than 1,200 self-driving vehicles to update software and address risks of collisions with chains, gates and other roadway barriers after U.S. auto safety investigators opened a probe last year. The recall affects 1,212 Waymo vehicles … Source: Claims Journal

The Consumer Financial Protection Bureau dropped its lawsuit against Walmart Inc. and one of its financial-technology partners, the latest of the agency’s Biden-era enforcement actions to be abandoned by President Donald Trump’s administration. The CFPB formally moved Tuesday to dismiss … Source: Claims Journal

At last week’s RIMS RISKWORLD conference in Chicago, experts from risk and claims administration partner Sedgwick outlined a few key workers’ comp trends. Source: Claims Journal

Roughly one-in-six claims handled by cyber insurer Coalition were from business email compromise, and about a third included funds transfer fraud. In its 2025 Cyber Claims Report, Coalition said claims severity involving business email compromise rose 23% in 2024, with … Source: Claims Journal

It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from the Los Angeles wildfires and pullback on writing new policies in the state. Administrative Law Judge Karl Seligman recommended approval … Source: Claims Journal

Marks & Spencer Group Plc said some personal customer data was stolen by hackers as the British retailer continues to investigate and manage a highly-damaging “cyber incident.” The stolen data does not include “useable payment or card details” and there … Source: Claims Journal

Spain’s power grid failed in mere seconds, blacking out the entire country and parts of Portugal. It was a stunning collapse that illustrates an inviolable law of the electric system: The heartbeat of the grid — known as frequency — … Source: Claims Journal

Tiger Brands, South Africa’s biggest food producer, on Monday offered to compensate listeriosis victims, marking a major step toward resolving class action after a 2017 outbreak that killed about 200 people and sickened more than 1,000. The offer was made … Source: Claims Journal

Kristin Herman and her partner had been planning a European getaway with stops in Paris and Rome, but with the U.S. economy suddenly wobbling, the couple instead drove to Oregon’s nearby redwood forests and Cannon Beach — even camping some … Source: Claims Journal

By implementing AI-driven technologies across the claims life cycle and integrating real-time analysis, P/C insurers could reduce fraudulent claims and save between $80 billion and $160 billion by 2032. Source: Claims Journal