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Camp Mystic Relied on Teen Counselors With No Emergency Training Before Flood, Investigator Says
Young and inexperienced Camp Mystic counselors were not trained to help campers during floods or other emergencies, and feared making decisions on their own, an investigator into the flood that killed 27 counselors and campers told Texas lawmakers this week. … Source: Claims Journal
Read MoreFrance Opens Formal Probe into Teenage Suspect in Massive ID Data Breach
The Paris prosecutor’s office has opened an investigation into a 15-year-old, suspected of having hacked the country’s ID agency and trying to sell the data of millions of French people on the dark web this month, it said on Thursday. … Source: Claims Journal
Read MoreAI Boom, Government Spending Rebound Lifted US Economy in 1Q
U.S. economic growth regained speed in the first quarter as businesses boosted investment in artificial intelligence and government spending rebounded after a crippling shutdown, but the pickup is likely temporary, with the Middle East conflict raising inflation and eroding household … Source: Claims Journal
Read MoreGrant Thornton: Insurers See AI Gains but Face Governance Gap
Insurers are seeing gains from artificial intelligence, but many are also exposing themselves to unnecessary risks, according to a new Grant Thornton report. The independent CPA firm’s 2026 AI Impact Survey Report found that 44% of insurance executives say governance … Source: Claims Journal
Read MoreFM Planning Its Largest Membership Credit of $1.5 Billion on Loss Prevention
Commercial property insurer FM said it plans to distribute a membership credit of $1.5 billion for eligible mutual policyholders, crediting partnership, protection and loss prevention. The credit is the company’s largest, largely driven by FM’s clients’ risk mitigation and loss … Source: Claims Journal
Read MoreCarmakers Bank on $2.3B in Future Tariff Refunds
Some automakers this week got a first-quarter profit boost—at least on paper—from future refunds of tariff payments they made to the U.S. government, risking potential ire from U.S. President Donald Trump. Companies that were hit with import duties began applying … Source: Claims Journal
Read MoreAllstate Quarterly Profit Jumps on Sharp Drop in Catastrophe Losses
Allstate reported a jump in first-quarter profit on Wednesday as the property and casualty insurer benefited from a sharp fall in catastrophe losses. Earnings rose across the insurance industry on weaker catastrophe losses in the quarter. The prior year’s quarter … Source: Claims Journal
Read MoreBerkshire’s Duracell Must Face BASF Suit Over Battery Secrets, Judge Rules
Duracell, the battery maker owned by Berkshire Hathaway, must face a lawsuit accusing it of stealing trade secrets related to German chemical company BASF’s lithium-ion battery technology. U.S. District Judge Gregory Williams on Tuesday rejected Duracell’s bid to dismiss the … Source: Claims Journal
Read MoreAMA Research on Claims Shows ‘Broken’ Medical Liability System
New research shows the persistent risk of lawsuits and high medical liability insurance premiums have created a long period of heavy financial burden on doctors and escalating expenses in healthcare. The research from American Medical Association shows many physicians face … Source: Claims Journal
Read MoreSearch for Heavy Metals in Baby Formula Comes Up Mostly Empty
Large-scale infant formula testing conducted by the U.S. Food and Drug Administration found that the overwhelming majority of samples weren’t contaminated with metals or pesticides. The findings are positive for infant formula manufacturers, who were an early target of Health … Source: Claims Journal
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