Posts by Y@DminG

Small businesses are the backbone of the U.S. economy, but many are unknowingly underinsured—often discovering gaps only when a claim is denied. According to the U.S. Small Business Administration, roughly one-third of businesses don’t have insurance and three-fourths are underinsured, … Source: Claims Journal

A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm undervalued their property damage claims in its use of the Xactimate software that is popular with insurers. The lead plaintiffs, … Source: Claims Journal

Car prices have already climbed out of reach for many Americans. The search for a cheap car is poised to get even tougher. President Donald Trump’s tariffs on automobile imports set to take effect next week are expected to drive … Source: Claims Journal

The International Monetary Fund sees the U.S. economy shifting into a lower gear this year as President Donald Trump pushes forward with aggressive tariffs but doesn’t see a recession on the horizon. “Large policy shifts have been announced and the … Source: Claims Journal

Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging from unprecedented wildfires to hurricanes and floods. Less than three months into the year, natural disasters are already causing major … Source: Claims Journal

Bankrupt genetic testing firm 23andMe Holding Co. won permission from a judge to try to sell information about customers’ medical and ancestry-related data, a trove that is considered the most valuable asset in the insolvency case — and has become … Source: Claims Journal

The U.S. Federal Aviation Administration said it must improve the way it identifies potentially risky air-traffic situations, following a deadly midair collision between a U.S. Army helicopter and American Airlines Group Inc. regional jet in January. “While flying remains the … Source: Claims Journal

The biotechnology company Cassava Sciences failed on Wednesday to end a malicious prosecution lawsuit by doctors and short-sellers who expressed doubts about its experimental, soon-to-be-discontinued Alzheimer’s drug simufilam. U.S. District Judge Jennifer Rochon in Manhattan said Adrian Heilbut, Jesse Brodkin, … Source: Claims Journal

Vehicle thefts in the U.S. fell by 17% in 2024 from a year earlier, the largest annual decrease in vehicles stolen in the last 40 years, a new report shows. In 2024, 850,708 vehicles were stolen nationwide, down from a … Source: Claims Journal

Alibaba Group Holding Ltd. and BMW AG will team up to produce AI for cars in China, as the tech giant looks to monetize its emerging products and the German automaker seeks to catch up to local brands that are … Source: Claims Journal