Archive for June 2026

Most cars lose value the moment they leave a dealer’s lot. The RAV4 hybrid gains it. Used, late-model versions of the RAV4 hybrid often list for more than their original sticker prices, even with thousands of miles on their odometers. … Source: Claims Journal

Aon plc named José María Navas chief claims officer for Europe, the Middle East and Africa. Navas will lead the firm’s claims organization across EMEA, overseeing strategy, advocacy and claims preparation capabilities. He will report to Luca Tassarotti, head of … Source: Claims Journal

Western Asset Management Co. reached a $100 million settlement with the Securities and Exchange Commission to resolve an investigation related to trading practices of its onetime star manager Ken Leech. “Western Asset did not take reasonable steps to ensure that … Source: Claims Journal

While U.S. farmers brace for higher fertilizer and chemical bills tied to turmoil in the Middle East, another expense is already taking a bite out of razor-thin margins: diesel fuel. Prices for the fuel that powers tractors, combines and grain … Source: Claims Journal

Wetland loss across the U.S. has driven up residential flood insurance claim payments by more than $10 billion in the past 40 years, a new study shows. The study, published in Nature Water, residential flood insurance claim payment amounts increase … Source: Claims Journal

.P. Morgan upgraded Elon Musk-led Tesla to “neutral” from “underweight” on Friday, citing that the electric-vehicle maker’s valuation is increasingly driven by its push into autonomous driving and robotics rather than near-term earnings. The more optimistic view on Tesla comes … Source: Claims Journal

The U.S., Mexico and Canada are set to blow past a July 1 milestone to renew their trade deal, opening the possibility of months or years of haggling over the rules and tariffs for auto manufacturing and other industries, people … Source: Claims Journal

Merck & Co. says it will settle a spate of lawsuits that blame the drugmaker’s blockbuster Gardasil cancer vaccine for causing autoimmune ailments that affect young women’s hearts and reproductive systems for an amount that is “not material” to the … Source: Claims Journal

International Business Machines Corp. and AT&T Inc.’s computer systems were repeatedly breached by foreign hackers, and the companies concealed those intrusions from the U.S. government in violation of the law, according to a lawsuit from a former IBM cybersecurity official. … Source: Claims Journal

Insurers and employers face mounting pressure from rising severity, lengthier claim durations and expanding operational demands, a new report shows. Enlyte on Tuesday released its 2026 Envision Trends Report, which reflects growing complexity for the claims space. Related: Study: California … Source: Claims Journal