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Stellantis plans to launch a new small, low-cost category of fully electric vehicles in an effort to revive Europe’s shrinking entry-level car segment and ailing manufacturing sector. The Fiat, Opel and Citroen owner said production of the affordable, compact and … Source: Claims Journal

The JPMorgan Chase & Co. banker named in a graphic sexual harassment suit that went viral last month hit back at her accuser with a defamation counterclaim, calling his allegations “entirely false” and “malicious.” Lorna Hajdini on Tuesday night countersued … Source: Claims Journal

A U.S. jury found Takeda Pharmaceutical liable for causing about $885 million in damages by delaying a generic version of its constipation drug Amitiza through an anticompetitive scheme. Jurors in federal court in Boston, following a five-week trial, sided with … Source: Claims Journal

There are currently 6.3 million properties across England that are in areas at risk of flooding, a figure that’s set to rise significantly in the years ahead. Source: Claims Journal

Openly, which promotes itself as a tech-forward homeowners insurance provider, has been making a name for itself by enabling agents to generate quotes in times as little as 15 seconds since being founded in 2017. The Boston, Massachusetts-based insurtech, which … Source: Claims Journal

U.S. regulators are pausing some cyber-related examinations of the largest banks, giving the lenders more breathing room as the firms dig into the risks exposed by Anthropic PBC’s new Mythos AI model. The Federal Reserve and Office of the Comptroller … Source: Claims Journal

Mutual of Enumclaw named Joe Peterson vice president of claims and chief claims officer. Peterson has more than 20 years of claims leadership experience, most recently as vice president – P/C claims at Zenith Insurance Company. He also held multiple … Source: Claims Journal

The numbers aren’t all in, but it looks like Progressive is now the biggest private passenger auto insurer, based on an analysis from S&P Global Market Intelligence that shows Progressive muscling past State Farm. S&P GMI estimates that Progressive’s U.S. … Source: Claims Journal

A federal jury has awarded $49.5 million to the family of a 24-year-old global nonprofit worker killed in the 2019 crash of a Boeing 737 Max jet in Ethiopia while traveling to her first major assignment. The verdict, reached Wednesday … Source: Claims Journal

More than 3 million New York metropolitan-area homes are vulnerable to hurricane winds, the most of any region in the country, according to a report from Cotality, a property analytics firm. Roughly 3.27 million homes in the area face moderate … Source: Claims Journal