Archive for July 2025

Collaboration between the public and private sectors, beyond just insurance, is essential to narrowing the so-called protection gap, as losses from natural disasters increase, said the head of a global insurance supervisors’ group. The protection gap refers to the difference … Source: Claims Journal

Ford Motor Co. is recalling almost 700,000 vehicles to address a long-running issue over cracking in an auto part that can leak fuel into the engine and cause fires. The action applies to certain Bronco Sport and Escape models from … Source: Claims Journal

Colorado State University’s hurricane research team, perhaps the best-known and most-often quoted forecasting service, last week revised its prediction for the 2025 Atlantic hurricane season downward slightly – to eight hurricanes, three of them major. That’s almost in line with … Source: Claims Journal

President Donald Trump plans to deliver a major address on artificial intelligence next week to outline his vision for ensuring American dominance in AI, marking his biggest statement on an emerging technology at the heart of the U.S.-China rivalry. Trump … Source: Claims Journal

General Motors said on Tuesday it will move production of the Cadillac Escalade to a Michigan assembly plant, while adding new capacity for gas-powered Chevrolet Silverado and GMC Sierra light-duty pickups at the same facility. The production shifts are part … Source: Claims Journal

The best way to tell that the California homeowners insurance market has been a bear is to see where buyers facing higher rates and lack of options in traditional markets are going for alternatives. One choice is the surplus lines … Source: Claims Journal

The European Union has finalized a second list of countermeasures to target U.S. goods worth €72 billion ($84 billion), including Boeing Co. aircraft, automobiles and bourbon if it decides to retaliate against Donald Trump’s tariff policy. Trump on Monday said … Source: Claims Journal

ViacomCBS investors who sued Morgan Stanley, Goldman Sachs Group Inc. and Wells Fargo after Archegos Capital Management’s collapse want a judge to OK a $120 million settlement with the banks. Source: Claims Journal

The U.S. National Highway Traffic Safety Administration said had opened a recall query covering 27,816 of Sweden-based EV maker Polestar’s Polestar 2 vehicles over a loss of rear-view camera image. A recall query is an investigation opened by safety regulators … Source: Claims Journal

Diageo filed an initial response to a lawsuit accusing the spirits giant of misleading U.S. consumers about the purity of some of its popular tequila brands, calling the claim “baseless.” The company, which also owns whisky brands such as Johnnie … Source: Claims Journal