Industry News
The U.S. Department of Justice began a third phase of compensation for victims of Western Union fraud. An additional $3.4 million is being distributed to 1,294 victims, and the department has reopened the petition process for victims who did not …
Via: Claims Journal
More than 345,000 homes and businesses across California are facing potential power cuts this week during what’s expected to be a days-long onslaught of dangerous fire weather conditions. With drying winds forecast to blow through much of the state through …
Via: Claims Journal
The judge in Apple Inc.’s high-stakes trade-secret theft case against OpenAI said he’s “highly likely” to grant the iPhone maker an injunction barring use of its proprietary information by former employees now at the artificial intelligence startup. U.S. District Judge …
Via: Claims Journal
New York City is suing a Manhattan law firm for allegedly running a multimillion dollar personal injury fraud scheme by filing as many as 15 injury claims against the city on behalf of people allegedly harmed due to roadway defects. …
Via: Claims Journal
Lots of trees and fences were down with some roof damage to homes, businesses and vehicles, as well as flooding and tornadoes in parts of western North Carolina. But overall, the insured losses from Hurricane Isaias, which made landfall in …
Via: Claims Journal
The dispute arose while hundreds of Apple employees defected to OpenAI and has put a cloud over the startup as it targets a $1.4 trillion valuation and prepares to go public.
Via: Claims Journal
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