Archive for May 2025

A recent surge in high-profile cyberattacks is offering an opportunity for insurers to cash in from a rapidly expanding market — and prompting a rethink on premiums. Source: Claims Journal

Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash. The recall covers some 2021 through 2024 model year Bronco, … Source: Claims Journal

As the U.S. heads into peak hailstorm season, homeowners that have installed solar power face the prospect of chunks of ice damaging their panels. “Those instances of damage are rare, but the more extreme weather gets with climate change, it’s … Source: Claims Journal

Machine learning models detect suspicious claims two weeks after submission, much faster than traditional methods, according to a new CLARA Analytics study on fraud detection in property/casualty insurance claims. The research, completed in November 2024, analyzed 2,867 claims from 2020 … Source: Claims Journal

As nasty tornadoes popped up from Kansas to Kentucky, a depleted National Weather Service was in scramble mode. The agency’s office in Jackson, Kentucky, had begun closing nightly as deep cuts by Elon Musk’s Department of Government Efficiency began hitting. … Source: Claims Journal

Extreme heat levels of are expected in the western United States later this week, raising the risk wildfires and heat-related illnesses and putting a strain on power grids. Meteorologists at AccuWeather say a strong dome of high pressure will be … Source: Claims Journal

A UBS Group AG client, who alleges his wealth adviser had an affair with his wife and tried to help her take control of family funds, can sue the broker but not the Swiss firm, a New York judge ruled. … Source: Claims Journal

The future of home inspections has arrived, and the process is increasingly falling into the hands of…the homeowner. That’s according to leaders of two firms that have developed do-it-yourself systems now being used by prospective insureds across the country for … Source: Claims Journal

Four former Volkswagen AG managers were convicted by a German court for their roles in the diesel-emission scandal, involving the manipulation of millions of cars and causing €2.1 billion ($2.4 billion) in damages to drivers. Jens Hadler, who led diesel-engine … Source: Claims Journal

Southern California Edison, a unit of utility Edison International, agreed on Friday to pay $82.5 million to settle claims with the U.S. Forest Service for costs and damages resulting from the Bobcat Fire in 2020. The U.S. government had filed … Source: Claims Journal