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APCIA Says Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims
The American Property Casualty Insurance Association chimed in to a recent Senate subcommittee hearing to defend the industry’s response to claims following hurricanes Milton and Helene. “The vast majority of claims from Hurricanes Milton and Helene have been settled, totaling … Source: Claims Journal
Read MoreMitchell: Claims Frequency of Battery Electric Vehicles up as Sales Face Tariff Threat
Claims frequency for repairable, collision-damaged battery electric vehicles in the first quarter rose to 3.12% in the U.S. and 4.48% in Canada, representing an increase of 31% in the U.S. and Canada over the same period last year, a new … Source: Claims Journal
Read MoreFire on Chevron Oil Platform Offshore Angola Injures 17
Seventeen people were injured, four seriously, when a fire broke out in the early hours of Tuesday at Chevron’s deep-water Benguela Belize Lobito Tomboco (BBLT) oil platform, Angolan authorities and the U.S. oil major said in statements. The cause of … Source: Claims Journal
Read MoreAF Group Claims Exec Embracing AI, But He Won’t Measure Success by Replacing People
AF Group has embraced the use of artificial intelligence in its claims operations, but the person overseeing its implementational has no interest in one promise of AI: reducing the number of claims professionals that work for them. The Lansing, Michigan-based … Source: Claims Journal
Read MoreTrump Plans to Merge Wildland Firefighting Efforts into One Agency, But Ex-Officials Warn of Chaos
President Donald Trump’s administration is trying to merge the government’s wildland firefighting efforts into a single agency, a move some former federal officials warn could increase the risk of catastrophic blazes and ultimately cost billions of dollars. Trump’s budget would … Source: Claims Journal
Read MoreSenate Will Try to Block California Vehicle Standards That Would Phase Out Gas-Powered Cars
The U.S. Senate will move this week to block California from enforcing a series of vehicle emissions standards that are tougher than the federal government’s, including first-in-the-nation rules phasing out the sale of new gas-powered cars by 2035. Majority Leader … Source: Claims Journal
Read MoreCentral US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
A multiday severe weather outbreak across the central U.S. caused an estimated $9 billion to $11 billion in total damages and economic loss, AccuWeather preliminary estimates show. Source: Claims Journal
Read MoreNearmap Acquiring itel to Add to Property Intelligence, Underwriting And Claims Services
Property intelligence provider Nearmap is acquiring itel, a provider of property claims services. Andy Watt, Nearmap’s CEO, will serve as CEO for the combined company, while itel CEO Brian Matthews will continue to lead itel through closing and will serve … Source: Claims Journal
Read MoreAuto Claims Data: What it Means for Claims Professionals
Utilizing accurate data is essential for claims professionals, enabling insurers to identify trends that help anticipate future claims, adjust premiums and manage risk exposure more effectively. Data plays a critical role in forecasting costs and developing precise pricing strategies, ensuring … Source: Claims Journal
Read MoreSubaru of America Increases Vehicle Prices, Citing Market Conditions
Subaru of America is hiking prices on several models, the company said on Monday, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration’s tariffs. Subaru said in a statement that the … Source: Claims Journal
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