Posts by Y@DminG

The hack of Jaguar Land Rover, owned by India’s Tata Motors , cost the British economy an estimated 1.9 billion pounds ($2.55 billion) and affected over 5,000 organizations, an independent cybersecurity body said in a report published on Wednesday. The … Source: Claims Journal

Ford said on Wednesday it is recalling nearly 1.45 million older vehicles in the U.S. due to faulty rear-view cameras and will extend warranty coverage on millions of other vehicles. The announcement is the latest in a series of recalls … Source: Claims Journal

Living in the northeast, ice dams are a part of life, and a common cause of loss in the insurance industry. However, they are often misunderstood, and effective remedies can be elusive. It’s essential for insurance and claims professionals who … Source: Claims Journal

A Stellantis NV plant in Michigan will remain shut down for several weeks due to a shortage of key components, a sign of the growing fallout from a supplier’s aluminum factory fire last month. Production at the automaker’s Warren plant, … Source: Claims Journal

A south Florida jury on Monday awarded golfing legend Jack Nicklaus $50 million in a lawsuit in which he charged that his former company and business partners tried to harm his reputation. The Palm Beach Circuit Court jury did not … Source: Claims Journal

Thieves who staged a daring daylight heist at the Louvre museum in Paris made off with jewels worth an estimated 88 million euros ($102.63 million), Paris public prosecutor Laure Beccuau said on Tuesday. “It is important to remember that this … Source: Claims Journal

Europe’s auto industry is preparing for production disruption within days because of China’s export restrictions on semiconductors made by Nexperia. Chip shortages are likely to hit key suppliers within a week, while the impact could spread across the entire sector … Source: Claims Journal

Amazon.com Inc.’s reputation as a reliable provider of cloud services took a hit after an outage disrupted the operations of hundreds of companies, ranging from Apple to McDonald’s. Source: Claims Journal

The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers. After years of raising prices, reinsurers are finding that primary insurers have started relying less on them and more on a niche bond market … Source: Claims Journal

The Vatican’s child protection board said the Catholic Church has a moral obligation to help victims of clergy sexual abuse heal. Financial reparations for the abused and tougher sanctions for the abusers and their enablers are essential remedies, it said. … Source: Claims Journal