Archive for May 2026
Marsh: 9% Decrease in Transactional Risk Insurance Claims
Transactional risk claims with a major broker saw a 9% year-over-year decrease, a new report shows. Marsh Risk published its 2026 Global Transactional Risk Insurance Claims Report, providing a perspective on the transactional risk insurance claims landscape. Findings from the … Source: Claims Journal
Read MoreOpenAI’s Altman Says AI Unlikely to Lead to ‘Jobs Apocalypse’
OpenAI CEO Sam Altman said this week the rapid development and adoption of AI would not lead to a global “jobs apocalypse” and the technology had not claimed as many white-collar jobs as he had feared. Speaking virtually at a … Source: Claims Journal
Read MoreInsurance Attorneys Flip $1M Hail Claim into Nearly $2M Suit for Contractor Interference
What began as a lawsuit filed against Church Mutual Insurance Company on a $1 million-plus claim dispute turned into a potential $2 million award against a contractor after a jury found the contractor intentionally interfered with the insurance contract and … Source: Claims Journal
Read MoreNorth Carolina Jury Award for Workers Injured in Wall Collapse May be Largest in State History
A North Carolina jury handed down what may have been the largest personal injury award in state history, five years after a retaining wall collapsed on workers, killing one and injuring four others. The lawsuit in Henderson County, near Asheville, … Source: Claims Journal
Read MoreUS Food Prices Face Inflation Threat from El Niño and Iran
As Americans confront a surge in prices at the pump, another inflation wave is headed for the grocery store. A combination of factors including bad weather, tariffs and a dwindling cattle herd are already pushing up grocery prices at an … Source: Claims Journal
Read MoreFlorida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms
A Florida appeals court this month handed ridesharing companies like Uber and Lyft a major legal victory with a broad interpretation of what the court called an unusually broad liability immunity law. The 4th District Court of Appeals, one step … Source: Claims Journal
Read MoreFatalities Reported in Washington Packaging Facility Explosion
An accident at a Washington state packaging facility has left at least one person dead, nine missing and nine others injured, with crews working to contain a ruptured tank of caustic chemicals. The incident occurred Tuesday morning at Nippon Dynawave … Source: Claims Journal
Read MoreMaine High Court Upholds Claims Settlement, Case Dismissal Over Insured’s Objection
A court was right to acknowledge an insurance company’s settlement of a claim and dismiss the lawsuit against its insured without the insured’s approval, the Maine Supreme Judicial Court has ruled. The insured, Patrick O’Brien, objected to the settlement and … Source: Claims Journal
Read MoreState Regulatory Surge, Federal Shifts Reshaping Workers’ Comp
Workers’ compensation is entering a period of heightened complexity as regulatory changes and policy shifts continue to unfold across federal and state levels. So far this year, a surge in legislative activity, combined with evolving federal healthcare policy and persistent … Source: Claims Journal
Read MoreFirst Brands Hit by $286 Million Claim for Alleged Tariffs Fraud
The U.S. government has joined the line of creditors impacted by alleged fraud at bankrupt auto-parts maker First Brands, in this instance for accusations the company cheated on how much it should have paid on tariffs. First Brands was hit … Source: Claims Journal
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