News Archives - Claims Journal

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30 05, 2025

US Asks Judge to Dismiss Criminal Charge Over Boeing 737 Max Crashes

By | May 30th, 2025|Uncategorized|Comments Off on US Asks Judge to Dismiss Criminal Charge Over Boeing 737 Max Crashes

The U.S. Justice Department asked a federal judge in Texas to dismiss its criminal case against Boeing Co. over two fatal crashes of its 737 Max jets more than six years ago, despite objections of family members of some crash …

30 05, 2025

Trump Administration Targets Resiliency Funds to Shrink FEMA’s Role

By | May 30th, 2025|Uncategorized|Comments Off on Trump Administration Targets Resiliency Funds to Shrink FEMA’s Role

When a series of deadly storms and tornadoes pummeled Arkansas in mid-March, downing power lines and tearing up homes, Governor Sarah Huckabee Sanders asked the federal government for money to not only help repair the damage, but also boost the …

30 05, 2025

SEC Dropping Enforcement Case Against Binance Crypto Exchange

By | May 30th, 2025|Uncategorized|Comments Off on SEC Dropping Enforcement Case Against Binance Crypto Exchange

The U.S. Securities and Exchange Commission moved to end its legal battle against crypto exchange Binance Holdings Ltd., the latest sign of the regulator’s dramatic shift in how it polices cryptocurrency. The regulator and the exchange’s co-founder Changpeng Zhao filed …

30 05, 2025

Hyundai Weighs Sweeping US Price Hikes to Blunt Tariffs

By | May 30th, 2025|Uncategorized|Comments Off on Hyundai Weighs Sweeping US Price Hikes to Blunt Tariffs

Hyundai Motor Co. is preparing to increase the price of all of its U.S. vehicles as the automaker looks to cushion the blow from tariffs imposed by President Donald Trump, according to people familiar with the matter. The South Korean …

30 05, 2025

Time Pressures And Climate Volatility Raise Risks for Caribbean Hurricane Season

By | May 30th, 2025|Uncategorized|Comments Off on Time Pressures And Climate Volatility Raise Risks for Caribbean Hurricane Season

With the official start of hurricane season on June 1, insurers and claims professionals should prepare for what has the potential to be one of the most volatile seasons in memory. An environment shaped by rapid storm intensification and flooding …

23 05, 2025

Crypto DeFi Project Cetus Protocol Suffers Security Breach

By | May 23rd, 2025|Uncategorized|Comments Off on Crypto DeFi Project Cetus Protocol Suffers Security Breach

Cetus Protocol, a decentralized crypto exchange and key liquidity provider on the Sui blockchain, said it lost roughly $223 million in a security breach. The project confirmed the incident in a post on X, formerly Twitter, stating that its smart …

23 05, 2025

We Have Entered A New Era of Auto Claims Complexity

By | May 23rd, 2025|Uncategorized|Comments Off on We Have Entered A New Era of Auto Claims Complexity

The auto claims process has entered a new era—one marked by growing complexity, specialized repairs and rising costs. While inflation plays a role in increased claims severity, it’s only part of the story. Today’s vehicles are fundamentally more complex, and …

23 05, 2025

Here Comes Another Busy Atlantic Hurricane Season, But Will It Be as Crazy as 2024?

By | May 23rd, 2025|Uncategorized|Comments Off on Here Comes Another Busy Atlantic Hurricane Season, But Will It Be as Crazy as 2024?

With warmer than normal ocean waters, forecasters are expecting yet another unusually busy hurricane season for the Atlantic. But they don’t think it will be as chaotic as 2024, the third-costliest season on record as it spawned killer storms Beryl, …

23 05, 2025

AIG Settles Lawsuit Against E&S Rival Dellwood and Former Employees

By | May 23rd, 2025|Uncategorized|Comments Off on AIG Settles Lawsuit Against E&S Rival Dellwood and Former Employees

Global insurer American International Group has reached an out of court settlement of its legal dispute with the excess and surplus insurance firm Dellwood that was started by former AIG executives. In a filing in federal district court in New …

23 05, 2025

Boeing Reaches Nonprosecution Deal With US Over 737 Max Crashes

By | May 23rd, 2025|Uncategorized|Comments Off on Boeing Reaches Nonprosecution Deal With US Over 737 Max Crashes

Boeing Co. has reached a tentative agreement with the US Justice Department that would allow the planemaker to avoid criminal prosecution for two fatal crashes of its 737 Max jets more than six years ago. Related: Boeing Whistleblower’s Family Settles …