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Commercial auto is one of the biggest, most problematic cost centers in the insurance industry. Its loss ratios are incredibly high — and growing — particularly in comparison with other P&C lines. This makes it hard for carriers to make … Source: Claims Journal

For years, U.S. officials have warned about the dangers of cyber-attacks involving the electronics supply chain. This week’s revelation that a growing number of federal agencies were breached in a widespread attack by suspected Russian hackers shows how little they … Source: Claims Journal

French construction giant Vinci SA faces allegations it’s partly to blame for the degradation of the armor installed on New York City’s Kosciuszko Bridge to protect against terrorist attacks and accidents. Hardwire LLC, a Baltimore company that bid unsuccessfully on … Source: Claims Journal

Exxon Mobil Corp. told a judge that a fraud lawsuit filed by Massachusetts last year amounts to illegal punishment for the energy giant’s views about fossil fuels, the latest twist in their bitter clash over climate change. The suit by … Source: Claims Journal

LONDON — Lloyd’s of London is scaling back its exposure to coal and oil sands, the commercial insurance market said in its first sustainability report on Wednesday, in a reversal of its traditional hands-off approach to climate change strategy. Lloyd’s … Source: Claims Journal

TOKYO (AP) — Japanese prosecutors formally filed murder charges Wednesday against a suspect in a deadly fire at a Kyoto anime studio last year, after it was determined that he has recovered enough from his own severe burns and is … Source: Claims Journal

PORTLAND, Ore. (AP) — A judge has denied a request by a former suburban Portland doctor to put a two-year hold on a civil case filed against him by 29 patients who allege he sexually abused them. Multnomah County Circuit … Source: Claims Journal

Appellate courts in Florida and Oklahoma this week upheld the right of policyholders to assign their right to collect benefits from an insurance claim to contractors, reversing trial court rulings in favor of insurers. The Oklahoma Supreme Court on Wednesday … Source: Claims Journal

SEATTLE — Boeing Co is hiring up to 160 pilots to be embedded at airlines in its latest bid to ensure its 737 MAX has a smooth comeback after a 20-month safety ban, according to a recruitment document seen by … Source: Claims Journal

As details of the most audacious hack on the U.S. government in recent memory continued to stun lawmakers and the public, a government watchdog released a blistering report saying that federal agencies have failed to implement key safeguards for their … Source: Claims Journal