Archive for May 2026

Reconstruction cost inflation in the U.S. cooled in the second quarter, offering a bit of relief for insurers and businesses, a new report shows. Verisk’s Q2 2026 360Value Quarterly Reconstruction Cost Analysis shows total reconstruction costs, which includes materials and … Source: Claims Journal

CommScope Holding Co. was sued by a group of lenders who allege the telecommunications provider breached a debt agreement by failing to pay a prescribed premium of at least $150 million following a key asset sale. The lenders contend that … Source: Claims Journal

The parents of a man who died of an accidental drug overdose last year sued OpenAI and its founder and CEO Sam Altman in a California court on Tuesday, alleging the man was coached to take a dangerous combination of … Source: Claims Journal

Typhoon activity in the Northwest Pacific Ocean is expected to be the highest this year since 2015, according to commercial forecaster Tropical Storm Risk. The projection for 2026 is 25% above the historical average, driven by an emerging El Niño … Source: Claims Journal

A record number of people are expected to travel by car over Memorial Day weekend, a sign of resilient demand for fuel amid surging pump prices, at least for now. Some 39.1 million people are projected to drive at least … Source: Claims Journal

PayPal Holdings Inc. has agreed to resolve a U.S. Justice Department probe into allegations the company had violated federal civil rights laws when it started an initiative to support minority-owned businesses. Under terms of the settlement, PayPal agreed to forgo … Source: Claims Journal

Countries in the European Economic Area and Switzerland have committed almost 200 billion euros ($235 billion) to their electric vehicle ecosystem, research group New Automotive said on Tuesday. The investments underline the scale of the region’s push to cut its … Source: Claims Journal

The U.S. government has filed charges against two Singapore firms and an Indian ship superintendent for criminal conspiracy and obstruction relating to the crash of the cargo ship Dali that caused Baltimore’s Key bridge to collapse in March 2024, killing … Source: Claims Journal

The hacking group that targeted the Canvas educational tool and the parent company that owns the software struck a deal to secure stolen student and school data, the company said in a statement late Monday. In a statement posted to … Source: Claims Journal

Record-breaking heat and drought have fueled the world’s worst ever start to a wildfire year, as climate change and a developing El Niño threaten to push extreme weather to new heights. Over the first four months of this year, more … Source: Claims Journal