Industry News
Cornell University President Michael Kotlikoff announced plans to strengthen campus safety, including suspending fraternity parties, after sexual assault allegations from a former student roiled the Ivy League school and attracted national attention. “It is clear that women on our campus …
Via: Claims Journal
The average cost of a business interruption claim is nearing $1 million, an upward trend that appears to have several causes. A new report shows BI losses are being pushed up by natural catastrophes, growing risk in supply chains, rising …
Via: Claims Journal
CVS Health has agreed to pay $315 million to resolve allegations that the pharmacy chain operator unlawfully filled medically unnecessary prescriptions for addictive opioid painkillers, the U.S. Justice Department said on Tuesday. The settlement resolves a case that the department …
Via: Claims Journal
A Louisiana property insurer receives a contractor’s estimate for far more than it paid after a hurricane. Sixty days pass. The insured files suit and seeks bad faith penalties. Did the estimate start the cure period under Louisiana’s Act 3? …
Via: Claims Journal
The London Bullion Market Association’s certification program served as a “thick smokescreen” that enabled serious abuses at a Tanzanian gold mine where two men died, lawyers alleged at the start of a London trial that could threaten its existence. The …
Via: Claims Journal
A Florida man who held himself out as a cyberattack solutions expert paid off the attackers while keeping much larger sums for himself—creating a piggy-back type of cyber fraud scheme, a grand jury said in an indictment. Zohar Pinhasi, the …
Via: Claims Journal
Malaysia’s scandal-hit state fund 1Malaysia Development Bhd. has a proposal for settlement with Deutsche Bank AG in a $1.1 billion lawsuit, marking the latest potential resolution in the country’s long-running effort to recover money linked to the multibillion-dollar fraud. Malaysia’s …
Via: Claims Journal
The eastern Pacific has set a record for hurricane activity as Hurricane Simon lashes Mexico’s west coast and another storm threatens to form. The basin had produced 68.5 hurricane days as of Tuesday morning, surpassing the previous record of 68.25, …
Via: Claims Journal
Final settlements in a study of disputed property claims were typically 43% above insurer valuations, according to a new report. Finch Claims’s Q3 2026 State of the Claim Report examines estimates, settlements and payment timelines from a database of 9,333 …
Via: Claims Journal
The collision of an American Airlines regional jet and an Army Black Hawk helicopter near Ronald Reagan Washington National Airport last year that killed 67 people was the result of several systemic failures, according to a U.S. Army investigative report …
Via: Claims Journal