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CDK said on Monday it anticipates all dealers to be live on its dealer management system (DMS) by late July 3 or early morning on July 4. The company, which provides software to car dealerships, had briefly shut down all … Source: Claims Journal

Medical costs for workers’ compensation increased nationally 11% and first-party claims grew 5% over the last four years, a new report shows. Enlyte’s “Quarterly Medical Price Index (MPI) Report,” based on trends from professional medical bill services from Q1 2020 … Source: Claims Journal

Silvergate Bank, the California lender done in by the collapse of crypto exchange FTX, has been fined $63 million by two regulators for allegedly failing to monitor transactions. The Federal Reserve on Monday announced the penalties against the bank, owned … Source: Claims Journal

While the official start to California’s wildfire season is still a ways off, the best forecast of what’s ahead may be to look back on the year so far, and so far it’s been far busier for firefighters than last … Source: Claims Journal

Between $1 billion and $1.5 billion insurable losses may be see across the Windward Islands Hurricane Beryl, according to catastrophe modeler CoreLogic. The second named storm and first hurricane of the 2024 season made landfall over Carriacou Island of Grenada … Source: Claims Journal

California’s Workplace Violence Prevention Senate Bill 553, which is now in effect (July 1), requires businesses with exposure in the state to implement robust workplace violence prevention plans. SB 553, which modifies an existing California labor code, gives the state’s … Source: Claims Journal

Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report on Monday. Insurance premiums to protect companies against cyber attacks … Source: Claims Journal

The White House is seeking roughly $4 billion in additional emergency funding from Congress for costs related to the collapse and repair of the Francis Scott Key bridge in Baltimore and to respond to other disasters that have occurred around … Source: Claims Journal

Record-breaking Hurricane Beryl is intensifying as it churns through the Caribbean south of Grenada, where it’s forecast to unleash catastrophic winds, life-threatening storm surge and flooding rains. Beryl regained Category 4 strength after briefly weakening, the US National Hurricane Center … Source: Claims Journal

The US Justice Department will charge Boeing Co. with criminal fraud, leaving the planemaker to choose between pleading guilty or taking the risk of going to trial, according to people familiar with the matter. Boeing has until the end of … Source: Claims Journal