Posts by Y@DminG

Lists published every hurricane season, adjusting the amounts of insurance losses for past events for inflation to current-dollar levels, give a misleading picture of the potential for a single event costing insurers $100 billion. Karen Clark & Company (KCC) offered … Source: Claims Journal

The commercial property insurance market is navigating a constantly evolving landscape in 2025, in which rising costs, labor shortages and the ever-present threat of business interruption are reshaping how claims are managed. In response, many insurers and risk managers are … Source: Claims Journal

As the cyber market matures, it’s increasingly evident that fighting off cyberattacks is going to be an ongoing team effort. Brokers, carriers, cybersecurity organizations and insureds all play a role, from security to training to assessing adequate coverage. According to … Source: Claims Journal

South Korea’s largest mobile operator was hit with a fine and stern criticism from the country’s privacy regulator after a cyberattack disclosed in April compromised the data of about half the nation’s population. The Personal Information Protection Commission on Thursday … Source: Claims Journal

The number of products recalled across the U.S. in the second quarter fell 31.5% from 125.37 million units in the first quarter to 85.87 million in Q2, a new report shows. This level marked the lowest quarterly total since the … Source: Claims Journal

Didi Global Inc. agreed to pay $740 million to settle a shareholder lawsuit targeting the handling of its turbulent 2021 IPO, swallowing a one-time charge that pushed China’s ride-hailing leader into the red. The company disclosed the settlement Thursday alongside … Source: Claims Journal

Credit bureau TransUnion said Thursday that more than 4 million people’s data was exposed in a recent hack involving an unidentified third party. In a letter dated earlier this week and posted to the website of Maine’s attorney general, the … Source: Claims Journal

The U.S. Federal Trade Commission sued the operators of gym chain LA Fitness and other gyms on Wednesday, saying they have made it exceedingly difficult to cancel memberships. Irvine, California-based Fitness International and Fitness & Sports Clubs, which operate hundreds … Source: Claims Journal

European carmakers said the European Union’s planned ban on combustion engines is no longer realistic, warning that climate rules risk weakening the region’s auto industry and its supplier network. In a letter, leaders of the industry’s main lobby groups urged … Source: Claims Journal

Peloton Interactive must face a lawsuit claiming it defrauded shareholders by masking excess inventory of its home exercise equipment as the worst of the COVID-19 pandemic passed, a divided federal appeals court ruled on Wednesday. Reversing a lower court ruling, … Source: Claims Journal