Posts by Y@DminG

The year-over-year average cost of individual ransomware attacks rose by 17% in the first half of 2025, a portfolio claims analysis from cyber risk firm Resilience shows. The new report found that successful attacks are becoming more expensive, a trend … Source: Claims Journal

Ford is recalling 1.9 million vehicles worldwide due to faulty rear-view cameras, the latest in a series of callbacks over the issue, the automaker said Tuesday. The recall covers various 2015 through 2019 model year Lincoln MKC, Lincoln Navigator, Mustang, … Source: Claims Journal

When Dave Jones first started talking about climate change and what insurers should be doing about it some 15 years ago, the response could be thought of as something akin to a collective shrug. There wasn’t much to say. Insurance … Source: Claims Journal

Hurricane experts are urging people to remain prepared for an expected increase in tropical activity later this month after a quiet stretch during the typical peak weeks of the Atlantic hurricane season—and the second half of the season is expected … Source: Claims Journal

A federal bankruptcy judge on Friday signed off on a $246 million fund to pay abuse claims as part of the Catholic Diocese of Rochester’s Chapter 11 reorganization plan to emerge from bankruptcy. Having witnessed six years of bankruptcy proceedings, … Source: Claims Journal

Already sluggish adoption of electric vehicles in the US will slow even further after a $7,500 tax credit for EV buyers expires later this month. Source: Claims Journal

A former employee at Meta Platforms Inc.’s WhatsApp filed a federal lawsuit Monday alleging he repeatedly raised cybersecurity concerns about the messaging app with his superiors but was ignored and retaliated against. Attaullah Baig, who identifies himself as the former … Source: Claims Journal

Economic and social inflation has added $4 billion in insured losses and expenses to the medical malpractice insurance market over the past decade, according to a new study. The study is part of an annual series of studies commissioned by … Source: Claims Journal

A delivery driver reports hurting a shoulder while carrying a heavy package on the job. For months, the driver sends the insurer medical updates from a treating provider, but there is little sign of progress. Growing concerned, a claims manager … Source: Claims Journal

The cost of property insurance in the U.S. rose to an all time-high in the first half of the year, as homeowners faced sharp price increases in states recently affected by climate-related disasters, such as California. The average insurance payment … Source: Claims Journal