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The reinsurance industry’s robust earnings and abundant capital, evident since 2023, have led to increasing competition and a softening market. “The key question is whether reinsurers can maintain underwriting discipline or will irrational competition emerge, leading to another traditional soft … Source: Claims Journal

Gallagher Bassett named Varun Jain to the newly created position of executive vice president – enterprise performance and product leadership. Jain will drive execution across three areas: enterprise product leadership, global account management and strategic initiatives implementation. He joined Gallagher … Source: Claims Journal

President Donald Trump won court permission to revise his $10 billion defamation lawsuit against the British Broadcasting Corp. by excluding his earlier claim that a 12-second clip in a documentary caused massive financial damage to his business. The ruling by … Source: Claims Journal

Taylor Farms is recalling prepared foods containing jalapenos from retailers including Walmart and Whole Foods in several states over potential salmonella contamination, the second major foodborne illness linked to the produce supplier in recent weeks. The recall adds another layer … Source: Claims Journal

A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet’s Google, ByteDance’s TikTok, and other social media companies over claims they designed their products to be addictive to young users. The San Francisco-based … Source: Claims Journal

Two drivers of Mercedes AMG cars have filed a class action lawsuit against the luxury car company, claiming that the AMG logo on their driver’s seat gets so hot that it literally brands them and causes burns. Gabriel Lahijani and … Source: Claims Journal

A typhoon that struck the Chinese coast on Sunday is steadily weakening after making landfall, but is set to bring widespread heavy rain through this week that could threaten crops. Typhoon Dolphin has weakened to a tropical storm after making … Source: Claims Journal

Allstate CEO Tom Wilson said the insurer has a “technology-drive strategy, not a strategy supported by technology.” And the next step in the strategy is the build of ALLIE – Allstate’s Large Language Intelligent Ecosystem. Speaking to analysts during a … Source: Claims Journal

Alacrity Solutions Group LLC named Tony Triola chief revenue officer. Triola will oversee Alacrity’s revenue strategy, including business development, sales and customer growth initiatives. He has experience in insurance, including leadership positions at Liberty Mutual and Farmers. He was most … Source: Claims Journal

The development of El Niño climate phenomenon might limit catastrophe claims in North America, the CEO of Zurich Insurance said last week after it reported second-quarter results. “What we hear is that this development of El Niño is actually moderating … Source: Claims Journal