Industry News
A U.S. appeals court on Wednesday revived an investor lawsuit over the 2023 collapse of Signature Bank, saying the Federal Deposit Insurance Corp (FDIC) seizure of the lender did not take away shareholders’ right to sue. In a 3-0 vote, …
Via: Claims Journal
Daniel Ilg started out in the freight brokerage industry at 14 years old, learning from his dad how to match trucking companies with loads of goods that needed to move around the country. About two decades later, now running the …
Via: Claims Journal
Editor’s note: This is the first installment in a four-part series on the erosion of integrity in property claims. Part I measures the decline. Part II will document the misconduct driving it. Part III will trace the causes to a …
Via: Claims Journal
A general contractor cannot be held liable for an injury of an employee of a subcontractor where the general contractor had little or no control over the subcontractor’s work or job environment. The Massachusetts Supreme Judicial Court this week upheld …
Via: Claims Journal
Matt Hasselbeck took some nasty hits to the head during his 17-year NFL career, four years at Boston College and a childhood full of sports, but the quarterback seems to have emerged from more than two decades of collisions relatively …
Via: Claims Journal
Late last week, Allstate unveiled Allstate Claims University, a 33,000-square-foot campus in Dallas, complete with hands-on property and auto labs—immersive training environments representing scenarios that claims professionals will face in the real world. In a statement about the opening of …
Via: Claims Journal
The gap in average claims severity between repairable battery electric vehicles and internal combustion engine automobiles hit the lowest level on record in both the U.S. and Canada, a new report shows. Mitchell released its latest Plugged-In: EV Collision Insights …
Via: Claims Journal
A California agency on Wednesday approved long-delayed regulations designed to protect homes from wildfire, but they’re less stringent than defenses recommended by scientists and firefighters. The new rules, which apply to about 2 million homes, were mandated by a 2020 …
Via: Claims Journal
There’s a flurry of construction in Pacific Palisades, more than a year and a half after a wildfire ravaged the Los Angeles enclave in the most destructive blazes in Southern California history. There’s also a lot of frustration. At the …
Via: Claims Journal
Marsh named Chetna Gulati-Kapoor global chief claims officer, Marsh Risk. The appointment is effective September 1. Gulati-Kapoor will be based in London, and will report to John Donnelly, president, global placement, Marsh Risk. Gulati-Kapoor will lead Marsh Risk’s global claims. …
Via: Claims Journal