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Ford Recalling 255,400 US Vehicles Over Engine Issue
Ford is recalling 255,404 vehicles in the U.S. over an issue with the canister purge valve, which may malfunction, causing the engine to stall unexpectedly while driving, the U.S. National Highway Traffic Safety Administration said. The recall affects certain 2012-2018 … Source: Claims Journal
Read MoreComplex Cats, Talent Exodus Will Confound Insurance Models This Year, Report Shows
The 2026 catastrophe season will face a more distributed and harder-to-predict risk landscape than carriers have historically planned for, according to a new report by global claims administrator Sedgwick. The complex nature could make claims harder to manage, more expensive … Source: Claims Journal
Read MoreSenators Ask for Review of Tesla’s ‘Full Self-Driving’ Safety Data
Two U.S. senators are asking the nation’s traffic safety regulator to examine Tesla’s self-published crash statistics for its “Full Self-Driving” (FSD) driver-assistance system, following a Reuters investigation last month that found the EV maker was exaggerating its safety claims. Democratic … Source: Claims Journal
Read MoreFederal Judge Sends $7.25B Roundup Settlement Back to Missouri Court
A federal judge on Wednesday returned Bayer’s proposed $7.25 billion settlement of Roundup lawsuits to Missouri state court, overruling the objections of some cancer victims who said the state court could not bind a nationwide class of people who allege … Source: Claims Journal
Read MoreAmazon Faces Billions in Penalties From Potential FTC Ad Suit
Amazon.com Inc. is facing a possible lawsuit from the U.S. Federal Trade Commission that may lead to billions of dollars in civil penalties, over claims the e-commerce giant misled advertisers, according to people familiar with the matter. The FTC, which … Source: Claims Journal
Read MoreChicago, Midwest Brace for Thunderstorms While Floods Hit Texas
As the U.S. Gulf coast braces for flooding, there’s a moderate level 4 risk of severe thunderstorms across central Illinois and Indiana. The risk for Chicago is one notch lower, but in all 46 million people across parts of 11 … Source: Claims Journal
Read MoreHacking Group Claims Major Hack of Novo Nordisk And Attempted Extortion
A cyber extortion group claimed on Tuesday to have stolen more than a terabyte of data from pharmaceutical giant Novo Nordisk and said it is exploring selling parts of the data after unsuccessfully demanding $25 million from the company. FulcrumSec, … Source: Claims Journal
Read MoreCiti Exec Alleges She Was Fired After Raising Trump-Related Compliance Concerns
A former Citigroup C.N executive alleged in a lawsuit that the bank fired her in retaliation for identifying regulatory and compliance risks that, according to a Financial Times report on Tuesday, were related to Citi’s efforts to court U.S. President … Source: Claims Journal
Read MoreAI Is Reshaping Insurance: What Claims Pros and Lawyers Must Know Now
Artificial intelligence has become a significant industry trend that is here to stay. Insurers no longer use AI as an experimental tool but instead have ingrained it into everyday insurance operations. Notably, carriers utilize AI for underwriting, pricing, claim intake … Source: Claims Journal
Read MoreHome Insurance And The Unraveling of Florida Communities
While visiting family in St. Petersburg, Florida, in November 2024, I found myself walking down a quiet residential street in Shore Acres, a low-lying, bayfront neighborhood not far from where I grew up. Two months earlier, Hurricane Helene had sent … Source: Claims Journal
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