Archive for May 2025

The U.K. supermarket chain Co-op said hackers were able to access and extract customer data from one of its systems during a recent cyberattack. “The accessed data included information relating to a significant number of our current and past members,” … Source: Claims Journal

Last year, New York City settled 13,397 claims against it for a total cost of $1.94 billion, the most ever for one fiscal year, up from $1.5 billion in fiscal year 2023, the city’s financial monitor has reported. Police ($309.56 … Source: Claims Journal

Electric vehicle maker Polestar is recalling 27,816 cars in the United States due to a rearview camera issue, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall, on Polestar 2 models that were sold in the … Source: Claims Journal

Through my 35 years in the claims industry, and experience ranging from casualty adjusting to property and construction to third-party administration, I’ve seen a significant amount of knowledge and expertise come and go. For decades, as workers have aged out … Source: Claims Journal

Even as auto insurance rates level out, drivers are still looking for a better deal. The rate of U.S. auto insurance premium price increases slowed to less than 2% at the end of 2024, down from 13% at the beginning … Source: Claims Journal

The British government will next week warn all U.K. companies to treat cyber security as an “absolute priority” in the wake of attacks on retailers Marks & Spencer, the Co-op Group and Harrods. Cabinet office minister Pat McFadden on Friday … Source: Claims Journal

Spain suffered several power glitches and industry officials sounded repeated warnings about the instability of its power grid in the build up to its catastrophic blackout on Monday. The government has ordered several investigations into the blackout. Industry experts say … Source: Claims Journal

During a Senate committee hearing focusing on insurance and loss mitigation efforts, industry representatives said that all levels of government play a role. “Where government regulation and infrastructure allow private, competitive, insurance, and global reinsurance markets to flourish, consumers are … Source: Claims Journal

Britain’s Marks & Spencer entered a second week unable to take online clothing and home orders on Friday following a major cyberattack, hitting sales of new season ranges as the country basks in record temperatures. Some 700 million pounds ($930 … Source: Claims Journal

Conservative activist Robby Starbuck has filed a defamation lawsuit against Meta alleging that the social media giant’s artificial intelligence chatbot spread false statements about him, including that he participated in the riot at the U.S. Capitol on Jan. 6, 2021. … Source: Claims Journal