Archive for April 2026
Risk Strategies Claims Ex-Employees’ Talent and Customer Raid Has Cost It $900K
Boston-based specialty insurance broker Risk Strategies Co. is suing two former employees and their new employer for allegedly stealing customers and poaching employees in a scheme the firm says has thus far cost it nearly $900,000 in revenue. On March … Source: Claims Journal
Read MoreMitchell: Tariffs, Technology and Parts Volatility Reshaping Auto Repair Landscape
Auto collision repairers and insurers can look forward to spending the rest of 2026 in a cost environment shaped by tariff exposure, rising technology-related expenses and shifting repair behavior. A new analysis from Mitchell highlights changes in parts usage, repairability … Source: Claims Journal
Read MoreEl Niño Set to Form by August With Rising Heat and Crop Risks
A planet-heating El Niño is favored to emerge by August, with rising odds of an unusually powerful event that threatens record-breaking temperatures during the Northern Hemisphere’s summer. In an outlook Thursday, the US Climate Prediction Center said there’s a 25% … Source: Claims Journal
Read MoreGAO: Wind Risk Linked to Larger Insurance Premium Jumps Than Wildfire
A new report from the Government Accountability Office finds that average premium increases between risk levels are larger for wind than for wildfire. Between 2019 and 2024, homes in areas classified as severe or extreme wind risk had premiums about … Source: Claims Journal
Read MoreHippo Announces Rollout of AI-Driven Claims Workflow
Hippo Holdings has announced the rollout of its scalable, AI-driven claims workflow. In a press release, the MGA said the initiative marks “a foundational shift” toward a more efficient and responsive claims operation led by a fully digital first notice … Source: Claims Journal
Read MoreWildfires Race Across US as Drought Spans Half the Nation
An unusually hot, snowless winter has fueled a fast start to the spring fire season across large swaths of the western, central and southeastern US, disrupting businesses and upending daily life. Nearly 19,000 have ignited nationwide since Jan. 1, about … Source: Claims Journal
Read MoreChubb Names Kevin Rampe Global Head of Claims
Chubb Limited today announced that Kevin Rampe has been named senior vice president, Chubb Group, global claims officer, responsible for global claims management. The appointment is effective immediately. Rampe will also retain his responsibilities as head of North America claims. … Source: Claims Journal
Read MoreFAA Wants to Fine American Airlines for Alleged Drug, Alcohol Violations
The U.S. Federal Aviation Administration said on Wednesday it was proposing a $255,000 civil penalty against American Airlines for allegedly violating drug and alcohol regulations. The FAA said between May 2019 and December 2023, the airline allowed 12 flight attendants … Source: Claims Journal
Read MoreFAA Wants to Fine American Airlines for Alleged Drug, Alcohol Violations
The U.S. Federal Aviation Administration said on Wednesday it was proposing a $255,000 civil penalty against American Airlines for allegedly violating drug and alcohol regulations. The FAA said between May 2019 and December 2023, the airline allowed 12 flight attendants … Source: Claims Journal
Read MoreGeneral Motors Recalling 270,000 Cars in US Over Rearview Camera Issue
General Motors is recalling 271,770 cars in the U.S. over an issue with the rearview camera, the U.S. National Highway Traffic Safety Administration said on Wednesday. Related: GM Moves to Expand Its Dealers’ Used-Car Business Here are some details: Recall … Source: Claims Journal
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