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Insurance news and resources for the claims industry
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News
Oil-Related Materials Claims Exposure Varies Broadly Across US
1+ mon, 6+ day ago (382+ words) Oil prices are giving claims costs a hit, and depending on the part of the country, the exposure for replacement and repair costs of roofing, synthetic flooring or vinyl siding may be considerable and vary broadly, a new report shows....
Hormuz Ship Insurance Demand Drops as Owners Get Nervous
2+ mon, 2+ day ago (326+ words) London marine insurers have been seeing fewer inquiries for journeys to transit the Strait of Hormuz and some said the cost of cover had risen, in a sign of growing caution from shipowners as the U.S. and Iran exchange attacks. Two…...
Amazon Faces Billions in Penalties From Potential FTC Ad Suit
2+ mon, 3+ week ago (366+ words) 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…...
US, Mexico, Canada to Miss July USMCA Date, Ramping Up Trade Tension
3+ mon, 1+ week ago (1056+ words) The U.S., Mexico and Canada are set to blow past a July 1 milestone to renew their trade deal, opening the possibility of months or years of haggling over the rules and tariffs for auto manufacturing and other industries, people familiar with…...
US to Adopt 25% Car Levy 'Soon' Unless EU Clears Trade Deal
4+ mon, 6+ day ago (741+ words) U.S. Ambassador to the EU Andrew Puzder said Washington will implement 25% tariffs on cars and trucks from the European Union “relatively soon” if the bloc doesn’t swiftly ratify a long-delayed trade deal. “Unless we see some substantial progress, I think you…...
A 16,000% Problem: Why Workers' Comp Can't Get Drug Costs Under Control
4+ mon, 2+ week ago (329+ words) Pharmacy costs in workers’ compensation continue to climb sharply, despite years of formulary adoption, generic mandates and managed care. The problem lies in a structural gap that makes workers’ comp uniquely vulnerable to pricing abuse. On the surface, that might…...
Google News
5+ mon, 1+ week ago (13+ words) Secret Codes and Yuan Fees Get Ships Through Iran’s Hormuz Tollbooth Claims Journal...
JPMorgan Must Face Wells Fargo Suit Over Troubled $481M Real Estate Loan
5+ mon, 1+ week ago (271+ words) A federal judge on Monday rejected JPMorgan Chase’s bid to dismiss Wells Fargo’s breach of contract lawsuit to recoup losses for investors in a defaulted $481 million commercial real estate loan. U.S. District Judge Dale Ho in Manhattan said Wells…...
Trump Says US Will Escort, Insure Oil Tankers Amid the Iran War
6+ mon, 1+ week ago (758+ words) President Donald Trump said the U.S. would provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz, intending to head off a potential energy crisis caused by the war with…...