News Archives - Claims Journal
Insurance news and resources for the claims industry
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Some Trends Signal Potential Hope for US Commercial Auto, AM Best Says
A $2.2 billion underwriting loss in 2025 certainly isn’t anything to celebrate, but when it comes to U.S. commercial auto insurers, there may be a reason to crack a smile. According to a new report from AM Best, the loss …
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Binance Details $3.6 Billion in Net Outflows After Cyber Theft
Binance posted a net outflow of $3.6 billion in cryptoassets after restoring customer withdrawals on Sunday, a relatively soft blow to its overall business in the wake of the largest cyber theft in history, which has been attributed to North …
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North Koreans Seen as Likely Hackers in Massive Binance Heist
The record-setting $6.3 billion hack of Binance, the world’s biggest cryptocurrency exchange, has been blamed on alleged North Korean hackers, who have become infamous for preying on the digital-asset industry. North Korean hackers have been accused by the FBI and …
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Columbia Opens Claims for $16 Million Data Breach Settlement
Columbia University has opened the window for individuals impacted by the school’s data breach last year to claim part of a $16.1 million settlement. The university agreed in September to settle a proposed class action over the incident, with affected …
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NFL Faces New Antitrust Damages Fight in Sunday Ticket Case
A federal appeals court affirmed a jury’s finding that the National Football League violated antitrust law with its Sunday Ticket game-broadcast package and ordered a new trial over how much the league should pay in damages. A three-judge panel of …
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WSJ Wins Dismissal of Trump’s $10 Billion Defamation Suit
A federal judge threw out Donald Trump’s renewed $10 billion defamation lawsuit against the Wall Street Journal and ruled that it can’t be filed again, marking another setback for the president’s legal fights with the press. Judge Darrin Gayles in …
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Spain Studies Suspending Madrid-Barcelona Rail After Train Crash
Spain is considering suspending the rail service between Madrid and Barcelona following this week’s train crash that left at least 69 people dead, Transport Minister Óscar Puente said. The Madrid-Barcelona line, which connects the country’s two biggest cities, is due …
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Meta Settles With Teen During Trial Testing Claims Social Media Caused Depression, Eating Disorders
Meta Platforms has settled with a teen plaintiff who accused the company of designing Instagram and Facebook to be addictive, causing her mental health problems and disordered eating, attorneys for the plaintiff said on Friday. The settlement came after jury …
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Bayer Wins Roundup Trial as Settlement Decision Looms
Bayer AG won a St. Louis trial over its Roundup weedkiller, defeating claims by three women who blamed the herbicide for their cancers and bolstering its efforts to draw a line under its U.S. litigation overhang. The unanimous verdict reached …
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Toast Sued by FTC For Misleading Customers on Subscriptions
The U.S. Federal Trade Commission and a group of eight states sued Toast Inc., alleging the restaurant management and financial technology company falsely told customers they could try its products for free before enrolling them in a subscription that was …
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South Korean Court Rejects Tesla Owners’ Lawsuit Seeking ‘Full Self-Driving’ Refunds
A South Korean court on Thursday rejected a lawsuit by dozens of Tesla owners seeking full refunds for money paid for “Full Self-Driving” driver-assistance software, ruling that the automaker had not breached its contractual obligations. The Seoul Central District Court …
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GM Paying $220 Million to Settle Allegations It Violated Driver Privacy
General Motors will pay $220 million to settle allegations that it illegally sold drivers’ private behavior and location data to brokers, who then sold the information to insurers that used it to set and sometimes increase rates. The settlement, announced …
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Wrongful Data Collection Driving Cyber Claim Frequency
A growing source of cyber insurance claims is wrongful data collection. Even though the cost of these claims individually is generally low, their rising frequency should be of concern to underwriters and policyholders. California has now narrowed one of the …
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Barclays Turns to Insurers to Hedge Billions of Data Center Debt
Barclays Plc is looking to buy default protection on more than $10 billion of debt to finance artificial intelligence infrastructure in a bid to create capacity for more lending as hyperscaler funding needs soar. The London-based lender has been assessing …
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America’s Truckers on the Brink With 221 Bankruptcies This Year
Justin Stoneman has been in the trucking industry for 27 years, operating out of central Michigan’s agricultural heartland. Hauling grain and fertilizer around the Midwest, his 12-odd tractor trailers generated more than $3 million in annual revenue during their best …
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California Braces for Floods as Atmospheric River Threatens
California is bracing for flooding as an atmospheric river delivers a glancing blow to the south of the state, before moving across northern Mexico into the U.S. Southwest.
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Aon: Global Insured Catastrophe Losses Reach $91B, Lowest Since 2019
Global insured losses from natural disasters dipped to $91 billion through the third quarter of 2026, marking the lowest nine-month total since 2019, according to a new report. Aon’s Global Catastrophe Recap: Third Quarter of 2026 shows insured losses at …
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New US Data Centers Projected to Emit More Carbon Than All of Mexico
The surge in construction of fossil-fueled power plants to run AI data centers is set to undo 15 years’ worth of greenhouse gas reductions from U.S. electricity generation, according to an internal analysis by the Sierra Club. The U.S. power …
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LA Wildfire Smoke Exposed 7 Million to Dangerous Toxic Metals
A catastrophic 2025 Los Angeles firestorm exposed some 7 million people to high levels of airborne lead and other toxic metals released from burning homes and vehicles, according to a new study. Scientists for the first time were able to …
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German Taxi Operator Deploying up to 500 Autonomous Taxis Under Deal
Germany’s largest taxi operator Münchner-Taxi-Zentrum (MTZ) and US autonomous-driving company Tensor Auto signed on Tuesday a letter of intent to deploy self-driving taxis in Germany as taxi operators seek a bigger role in Europe’s emerging autonomous-mobility market. The…