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Through my 35 years in the claims industry, and experience ranging from casualty adjusting to property and construction to third-party administration, I’ve seen a significant amount of knowledge and expertise come and go. For decades, as workers have aged out … Source: Claims Journal

Even as auto insurance rates level out, drivers are still looking for a better deal. The rate of U.S. auto insurance premium price increases slowed to less than 2% at the end of 2024, down from 13% at the beginning … Source: Claims Journal

The British government will next week warn all U.K. companies to treat cyber security as an “absolute priority” in the wake of attacks on retailers Marks & Spencer, the Co-op Group and Harrods. Cabinet office minister Pat McFadden on Friday … Source: Claims Journal

Spain suffered several power glitches and industry officials sounded repeated warnings about the instability of its power grid in the build up to its catastrophic blackout on Monday. The government has ordered several investigations into the blackout. Industry experts say … Source: Claims Journal

During a Senate committee hearing focusing on insurance and loss mitigation efforts, industry representatives said that all levels of government play a role. “Where government regulation and infrastructure allow private, competitive, insurance, and global reinsurance markets to flourish, consumers are … Source: Claims Journal

Britain’s Marks & Spencer entered a second week unable to take online clothing and home orders on Friday following a major cyberattack, hitting sales of new season ranges as the country basks in record temperatures. Some 700 million pounds ($930 … Source: Claims Journal

Conservative activist Robby Starbuck has filed a defamation lawsuit against Meta alleging that the social media giant’s artificial intelligence chatbot spread false statements about him, including that he participated in the riot at the U.S. Capitol on Jan. 6, 2021. … Source: Claims Journal

The U.S. Department of Justice sued top health insurance companies and brokers alleging they used illegal kickbacks to steer members into certain private Medicare Advantage plans. The complaint names units of CVS Health Corp., Elevance Health Inc. and Humana Inc., … Source: Claims Journal

London department store Harrods said on Thursday hackers had attempted to break into its systems, the third high-profile cyber-attack on a U.K. retailer in two weeks, following incidents at Marks & Spencer and the Co-op Group. British companies, public bodies … Source: Claims Journal

Norfolk Southern began making promises to East Palestine, Ohio, soon after its train derailed and caught fire in February 2023. The railroad said it would “make it right” after five tank cars of vinyl chloride were intentionally burned, sending up … Source: Claims Journal