Posts by Y@DminG

Natural disasters across the globe cost insurers $80 billion during the first half of 2025, up from $64 billion in H1 2024, according to Munich Re’s mid-year natural disaster report. On the other hand, overall economic losses (which include insured … Source: Claims Journal

The reversal of dozens of enforcement actions by the U.S. Consumer Financial Protection Bureau has jeopardized more than $360 million in compensation to consumers allegedly harmed by financial companies, according to an analysis released Tuesday by pro-consumer organizations. The compensation … Source: Claims Journal

Shanghai is bracing for heavy rain from a tropical storm that’s tracking toward China’s financial hub, a day after flooding killed at least 30 people in Beijing and cut power to villages. The heaviest precipitation in Shanghai is forecast to … Source: Claims Journal

As a transportation claims specialist, I’m increasingly seeing evidence that thieves are exploiting weaknesses within technologies intended to improve efficiency in the supply chain, and the logistics industry is struggling to fight back. This has led to a spate of … Source: Claims Journal

India issued guidelines to protect solar power equipment from potential cyberattacks, responding to industry concerns that imported China-made parts may be putting the grid at risk. Suppliers of inverters — devices that turn direct current into electricity for homes and … Source: Claims Journal

Two funeral homes allegedly gave grieving parents their deceased son’s brain in a box, which began to smell, leaked into their car and got on the father’s hands when he moved it, according to an updated lawsuit filed last week. … Source: Claims Journal

The chair of the U.S. Senate Commerce Committee will introduce broad aviation safety legislation on Tuesday on the eve of a three-day investigative hearing into the January 29 collision between an Army helicopter and an American Airlines regional jet that … Source: Claims Journal

A decision by a federal appeals court last week shows what limited options insurance carriers have when they discover major misrepresentation by the insured long after claims have been paid. The U.S. 11th Circuit Court of Appeals last week found … Source: Claims Journal

U.S. insurance giant Allianz Life said on Saturday that hackers stole the personal information of the majority of its customers, financial professionals, and select Allianz Life employees in the United States. The insurance giant’s filing with Maine’s attorney general did … Source: Claims Journal

Authorities in Beijing warned that parts of the Chinese capital could see more than 300 millimeters (12 inches) of rain on Monday evening, urging residents to stay indoors. The city’s emergency management bureau issued a red rainstorm signal, the highest … Source: Claims Journal