Uncategorized
Ireland and UK Face High Wildfire Risks After Dry, Warm Weather
Irish authorities warned that warm and dry conditions, combined with dead vegetation, pose a high risk of wildfires across the country this week. Ireland’s Department of Agriculture, Food and the Marine has issued an orange alert through April 14, saying … Source: Claims Journal
Read MoreTariffs Threaten to Push US Home Insurance Rates Even Higher
With the Los Angeles fires in January and last week’s severe storms that brought flooding and tornadoes to the Midwest, extreme weather is already battering U.S. homes in 2025. Homeowners should expect their insurance rates to jump accordingly, says Insurify, … Source: Claims Journal
Read MoreBoeing Settles Lawsuits With Two Families of 737 MAX Crash Victims
Boeing Co. settled lawsuits with the families of two victims killed in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX on the eve of trial, lawyers for the families said. The trial in the U.S. District Court … Source: Claims Journal
Read MoreInside LA County’s $4B Agreement to Settle Sex Abuse Claims at Juvenile Facilities
Los Angeles County has reached a $4 billion agreement to settle nearly 7,000 claims of sexual abuse in juvenile facilities since 1959, officials said. The agreement, which still needs approval from the Los Angeles County Board of Supervisors, far surpasses … Source: Claims Journal
Read MoreSingapore’s DBS, BoC Customer Data at Risk After Ransomware Attack on Vendor
Some customer information from Singapore’s DBS Group and Bank of China’s branch in the country has potentially been compromised after a ransomware attack on their data vendor Toppan Next Tech (TNT). DBS said on Monday customer statements of around 8,200 … Source: Claims Journal
Read MoreBayer Renews Bid for Supreme Court to Curb Glyphosate Cases
Bayer said it was again petitioning the U.S. Supreme Court to sharply limit legal claims that its Roundup weedkiller causes cancer, seeking to avoid potentially billions of dollars in damages. Bayer said in its petition that consumers should not be … Source: Claims Journal
Read MoreAccuWeather: Severe Storms in Central US Cause $80-90B in Damages, Economic Loss
A multiday severe weather outbreak in the central U.S. caused an estimated $80 billion to $90 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. From April 2 to April 6, a rare weather system … Source: Claims Journal
Read MoreHedge Funds Are Hunting Deals in Risks Too Big for Insurers
As Los Angeles residents digested the apocalyptic scene left by wildfires earlier this year, the stage was simultaneously being set for hedge funds to pursue market-beating returns fanned by climate change. The investment model in question is built around so-called … Source: Claims Journal
Read MoreTariffs Will Lead to 2M Fewer Auto Sales in US This Year, Firm Forecasts
U.S. and Canada auto sales could decline by 1.8 million vehicles this year and be stagnant over the next decade if the global trade war escalates, a Detroit-area automotive advisory firm forecasts. If the current tariffs stay in place until … Source: Claims Journal
Read MoreViatris to Pay $335 Million to Resolve Opioid-Related Claims
Viatris said on Monday it would pay up to $335 million over nine years as part of a nationwide settlement to resolve opioid-related claims against the drugmaker. Shares of the Pennsylvania-based company, formed by the merger of Mylan and Pfizer’s … Source: Claims Journal
Read More