Posts by Y@DminG

A multiday severe weather outbreak across the central U.S. caused an estimated $9 billion to $11 billion in total damages and economic loss, AccuWeather preliminary estimates show. Source: Claims Journal

Property intelligence provider Nearmap is acquiring itel, a provider of property claims services. Andy Watt, Nearmap’s CEO, will serve as CEO for the combined company, while itel CEO Brian Matthews will continue to lead itel through closing and will serve … Source: Claims Journal

Utilizing accurate data is essential for claims professionals, enabling insurers to identify trends that help anticipate future claims, adjust premiums and manage risk exposure more effectively. Data plays a critical role in forecasting costs and developing precise pricing strategies, ensuring … Source: Claims Journal

Subaru of America is hiking prices on several models, the company said on Monday, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration’s tariffs. Subaru said in a statement that the … Source: Claims Journal

As climate change worsens extreme weather around the U.S., floods are increasing the risk of home foreclosure, according to a new report by First Street Technology Inc., a climate-data company. A big part of the reason why is that unlike … Source: Claims Journal

China’s humanoid robots will not replace human workers and cause mass unemployment, according to a Chinese official who oversees a tech hub in Beijing, amid a rapid expansion of the sector and state funding for it. Liang Liang, a deputy … Source: Claims Journal

A new task force has been formed to develop standards in California for insurance coverage and clean-up of smoke-damaged homes. California Insurance Commissioner Ricardo Lara announced the formation of a Smoke Claims & Remediation Task Force within the California Department … Source: Claims Journal

A month after a costly cyberattack on one of Britain’s best known retailers, Marks & Spencer has yet to restore online shopping as it prioritizes safety over speed, while retailers worldwide race to boost their defenses. The attack on the … Source: Claims Journal

Capital One has agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out of much higher interest rates by not telling them they could move their money to higher-yielding accounts. A notice describing … Source: Claims Journal

More severe storms were expected to roll across the central U.S. this week following the weather-related deaths of more than two dozen people and a devastating Kentucky tornado. The National Weather Service said a “multitude of hazardous weather” would impact … Source: Claims Journal