Posts by Y@DminG

The average estimated annual insured property loss from natural events around the world has risen to $152 billion – up sharply from recent years – and much of that is from severe thunderstorms, winter storms, wildfires and floods, not large … Source: Claims Journal

When Hurricane Katrina made landfall in southern Louisiana 20 years ago, the region was ill-prepared for the 125 mph winds and catastrophic flooding that would follow. Louisiana, like the rest of the United States, was still adopting modern international building … Source: Claims Journal

X Corp. cannot be forced to cover the upfront fees of arbitrating a series of legal disputes by former employees who lost their jobs after Elon Musk acquired the social media company, a U.S. appeals court ruled on Tuesday. A … Source: Claims Journal

Walt Disney will pay $10 million to settle U.S. Federal Trade Commission allegations that the company unlawfully allowed personal data to be collected from children who viewed kid-directed videos on YouTube without notifying parents or obtaining their consent, the FTC … Source: Claims Journal

When pop groups and rock bands practice or perform, they rely on their guitars, keyboards and drumsticks to make music. Oliver McCann, a British AI music creator who goes by the stage name imoliver, fires up his chatbot. McCann’s songs … Source: Claims Journal

Jaguar Land Rover said a cyber incident had “severely disrupted” its retail and production activities this week. The U.K. automaker, owned by Tata Motors Ltd, said the intrusion forced it to shut down its systems, adding that it had no … Source: Claims Journal

Eight months after the Palisades and Eaton wildfires in Los Angeles, commercial and residential policyholders continue to report unreasonably long delays, dubious denials, and conspicuously low settlements. Most prominently, the California FAIR Plan has continued to deny or narrow smoke … Source: Claims Journal

A month after Tesla launched a trial robotaxi service in Austin, Texas, in June for select fans, CEO Elon Musk told investors that the company’s driverless taxis would likely be available to “half the population of the U.S.” by the … Source: Claims Journal

Kimberly-Clark Corp. agreed to pay up to $40.4 million to resolve a criminal charge relating to the sale of adulterated MicroCool surgical gowns. A filing in U.S. District Court in the Northern District of Texas charges Kimberly-Clark with one count … Source: Claims Journal

Uber Technologies Inc. and Lyft Inc. agreed to back a state-supervised way for California drivers to unionize and collectively bargain on industry-wide pay and benefit guarantees, under a new legislative deal that provides the companies relief on insurance costs. Legislative … Source: Claims Journal