Vehicle thefts in the U.S. fell by 17% in 2024 from a year earlier, the largest annual decrease in vehicles stolen in the last 40 years, a new report shows. In 2024, 850,708 vehicles were stolen nationwide, down from a … Source: Claims Journal

Alibaba Group Holding Ltd. and BMW AG will team up to produce AI for cars in China, as the tech giant looks to monetize its emerging products and the German automaker seeks to catch up to local brands that are … Source: Claims Journal

Markel made three internal promotions and hired a technical claims lead for its wholesale claims service for brokers, insureds and trading partners. The appointments include Dan Thomas, who has joined as marine technical claims lead, where he’ll work as part … Source: Claims Journal

Liberal Party Leader Mark Carney promised a C$2 billion ($1.4 billion) “strategic response fund” to help Canadian auto manufacturing and strengthen a supply chain that’s under threat from US tariffs. Carney, who became prime minister less than two weeks ago, … Source: Claims Journal

Artificial intelligence company Anthropic convinced a California federal judge on Tuesday to reject a preliminary bid to block it from using lyrics owned by Universal Music Group and other music publishers to train its AI-powered chatbot Claude. U.S. District Judge … Source: Claims Journal

Another above-average hurricane season will threaten the Atlantic this year, with as many as six storms affecting the U.S., AccuWeather Inc. said. Between 13 and 18 storms will at least reach tropical storm strength, and seven to 10 of those … Source: Claims Journal

A Los Angeles Department of Water and Power (LADWP) above-ground power line near the Pacific Palisades was energized when the Palisades Fire began early this year, but that there is no evidence that the line contributed to the blaze, the … Source: Claims Journal

Ticketmaster may have broken U.K. law by selling some Oasis concert tickets for 2.5 times what it charged for other seats without informing the public of its pricing plans, regulators in London said. The Competition and Markets Authority began investigating … Source: Claims Journal

Ripple Labs agreed to settle a U.S. Securities and Exchange Commission civil lawsuit over the alleged sale of unregistered securities and pay just $50 million of a previously imposed $125 million fine, the cryptocurrency company’s chief legal officer said on … Source: Claims Journal

In the past few years, we’ve seen a significant rise in bad faith claims against insurers in the U.S. According to a 2022 article by Reuters, multiple jurisdictions have lowered barriers for insured parties, making it easier to establish bad … Source: Claims Journal