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Hawaii Faces More Tropical Threats From El Niño-Charged Pacific
A powerful patch of thunderstorms and wind is expected to strengthen into Tropical Storm Lala by Thursday before taking aim Hawaii this weekend. The weather system was 935 miles (1,500 kilometers) east-southeast of Hilo, Hawaii, with top winds of 35 … Source: Claims Journal
Read MoreUnitedHealth Investor Suit Alleges Security, Governance Lapses
UnitedHealth Group Inc. board members ignored a raft of governance and oversight risks for years before catastrophic failures triggered billions in losses for investors, a shareholder lawsuit alleges. An amended complaint filed Aug. 7 in a Minnesota federal court reveals … Source: Claims Journal
Read MoreUSDA Says Argentine Beef That Missed Inspection Is Recalled
Nearly 30,000 pounds of Argentine beef that wasn’t fully inspected before being distributed in Texas and Florida are being recalled, the US Department of Agriculture said. The USDA’s Food Safety and Inspection Service announced that Florida-based Corte Argentino LLC was … Source: Claims Journal
Read MoreCourt Rules Lawsuit Not Allowed for Heat-Stricken Worker Despite Previous Death
One farm worker died from heat exposure in 2020, resulting in a fine and citation from the U.S. Occupational Safety and Health Administration. Two years later, the employer failed to follow its remedial safety guidelines for heat exposure, failed to … Source: Claims Journal
Read MoreTornado Alley Eastward Shift Adding Risk Concerns, Modeler Says
The peak of tornado season may be behind us, but the eastward expansion of what has been traditionally known as tornado alley into more populated areas may continue raising awareness of the growing insurance risk long for some time. Record … Source: Claims Journal
Read MoreAI Data Center Boom Is ‘Maxing Out’ P/C Insurers, AIG CEO Says
American International Group Inc. CEO Eric Andersen said that while the artificial intelligence buildout presents a “great opportunity” for the insurance industry, it’s also pushing property and casualty providers to their limits. AI data centers “need everything from project finance … Source: Claims Journal
Read MoreA Defensible Framework for Post-Wildfire Smoke Damage Claims
In today’s wildland–urban interface (WUI) losses, the question is often more complex than simply “burned versus not burned.” An increasing number of claims involve non-thermal impacts, including smoke infiltration and the deposition of combustion byproducts in structures that remain standing. … Source: Claims Journal
Read MoreFlightAware Sues Kalshi Over Flight-Cancellation Markets
Flight-tracking service FlightAware is suing prediction markets giant Kalshi accusing the company of using its data and name to run “gambling markets on flight cancellations” without permission. In July, Kalshi announced markets allowing customers to bet on flight-cancellation risk. The … Source: Claims Journal
Read MoreMeta, 29 States Head to Court in Biggest Test Yet of Youth Social Media Litigation
Meta Platforms will face a coalition of state attorneys general in a California federal court trial beginning on Wednesday over claims it engineered Facebook and Instagram to be addictive to children, a case that could expose the company to massive … Source: Claims Journal
Read MoreGM Sets Up $4.5 Billion Plan to Ensure Supply of Critical Parts
General Motors Co. has set a plan to guarantee the supply of as much as $4.5 billion in critical auto parts to safeguard the company from supply shocks caused by such events as extreme weather, natural disasters and cyberattacks. The … Source: Claims Journal
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