Posts by Y@DminG

Toyota Motor Corp. and Hyundai Motor Co. are pulling closer to Detroit’s marquee automakers in the U.S. auto market, boosted by demand for gas-electric hybrids and affordable vehicles as average car payments rise well above $800 a month. Toyota recorded … Source: Claims Journal

Despite the promise of artificial intelligence and other technology to improve and speed the insurance process, property claims face delays and growing complexity, a new report shows. Several factors are putting pressure on property claim timelines, including labor shortages, equipment … Source: Claims Journal

A yearslong legal campaign to hold the oil industry accountable for climate change risks running aground in the U.S. as the Supreme Court takes up a case that threatens to undercut dozens of lawsuits. The justices open their new term … Source: Claims Journal

Across the industry, nuclear verdicts are dominating conversations about social inflation and liability severity, and for good reason: in 2025, U.S. juries returned nearly 200 nuclear verdicts — awards of $10 million or more — against corporate defendants, a 40.7% … Source: Claims Journal

Europe’s insurance and pensions watchdog warned extreme heat is adding to the risks the two industries face. The European Insurance and Occupational Pensions Authority said multiple coverage areas are likely to be impacted as temperatures rise, including medical costs and … Source: Claims Journal

A vast majority of Americans favor requiring artificial intelligence companies to meet independent safety benchmarks for their models, even if those standards mean slowing development of the technology, according to a new poll. Against a backdrop of growing global anxiety … Source: Claims Journal

San Francisco-based Outmarket AI announced it has raised $34.5 million in Series B funding. The round was led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. The funding comes months after the company … Source: Claims Journal

Sedgwick named Courtney Welton global chief legal officer, general counsel and corporate secretary. Welton will serve as a member of the executive leadership team and help guide the company’s legal strategy, governance, regulatory compliance and risk management efforts. Welton has … Source: Claims Journal

A decision by the Georgia Supreme Court this month may have opened the door to more subrogation claims against law enforcement agencies that cause damage to property during non-emergency police procedures. In a case involving helicopter rotor-wash damage to a … Source: Claims Journal

UnitedHealth Group Inc. must defend itself against a slimmed-down lawsuit by a major shareholder that alleges investors were deceived about financial transactions that boosted earnings, a federal judge ruled. U.S District Judge Jeffrey Bryan said Wednesday that the California Public … Source: Claims Journal