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Jamaica to Get Record $70.8M Parametric Payout for Hurricane Melissa
The Caribbean Catastrophe Risk Insurance Facility will make a payout of US$70.8 million to the government of Jamaica to cover damages from Hurricane Melissa. This marks the largest single payout in the history of CCRIF, the Cayman Islands-based parametric catastrophe … Source: Claims Journal
Read MoreResearch Report Shows Cyber Insurance Growing 15% in 2026 on AI And Data Threats
Written cyber insurance premiums will rise 15% in 2026 as new artificial intelligence threats and data demands emerge. In a new report, analysts at Forrester Research anticipate that the widespread adoption of AI will reverse the cyber market’s recent deceleration. … Source: Claims Journal
Read MoreSins of Policy Interpretation: A call to repentance
Written words have an intended meaning. Fair-minded readers try to grasp that meaning. But other readers impute motives to the writer either to serve their own ends or to protect the writer from unforeseen consequences. Once, early in my career, … Source: Claims Journal
Read MoreExperts Mull Impacts of Tariffs, Technology, Shifting Vehicle Repair Landscape
Rising parts costs, consumer affordability issues, changing vehicle technology and tariffs continue to impact the auto claims and repair landscape, experts say. Those were among the topics focused on during CCC Intelligent Solutions’ Q3 Crash Course webinar in late October, … Source: Claims Journal
Read MoreTariff-Linked Class Action Suits to Boost D&O Insurance Demand
A group of Dow Inc. investors filed a lawsuit at the end of August accusing the chemical manufacturer of failing to properly disclose the impact of tariffs on its business. This is the first investor class action linked to President … Source: Claims Journal
Read MoreTariff-Linked Class Action Suits to Boost D&O Insurance Demand
A group of Dow Inc. investors filed a lawsuit at the end of August accusing the chemical manufacturer of failing to properly disclose the impact of tariffs on its business. This is the first investor class action linked to President … Source: Claims Journal
Read MoreStellantis Recalling 375K Jeep SUVs Over Fire Risks, Urges Owners to Park Outside
Stellantis said Tuesday it is recalling 375,000 plug-in hybrid Jeep Wrangler and Grand Cherokee SUVs worldwide over battery failure after 19 reports of fires, and urged owners to park outdoors until a fix is completed. The recall covers some 2020 … Source: Claims Journal
Read MoreTyphoon Kalmaegi Kills 21 as It Pummels Central Philippines
Typhoon Kalmaegi killed 21 people and displaced nearly 400,000 more as it dumped heavy rains and caused widespread flooding in central Philippines. Source: Claims Journal
Read More6 in 10 Construction Workers Report Anxiety, Depression in Past Year
Nearly two-thirds of construction workers reported experiencing anxiety or depression in the past 12 months, according to a new survey by design-build firm Clayco. Sixty-four percent of the more than 1,000 construction workers surveyed said they felt the impact of … Source: Claims Journal
Read MoreJudge Orders Greenpeace to Pay $345M in Pipeline Lawsuit
A North Dakota judge has ordered Greenpeace to pay damages of $345 million, reducing an earlier jury award after it found the environmental group and related entities liable for defamation and other claims in connection with protests of an oil … Source: Claims Journal
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