Industry News
Credit Suisse on Wednesday lost its $440 million London lawsuit against Japan’s SoftBank Group Corp. over losses linked to collapsed finance firm Greensill Capital. Greensill’s collapse made Credit Suisse close $10 billion of funds linked to the financial firm and, …
Via: Claims Journal
AmTrust Specialty named Tony Scott head of claims and head of limited claims. Scott will be responsible for the strategy and execution of AmTrust’s claims operations, overseeing total claims outcomes across the specialty business. He will also lead claims management …
Via: Claims Journal
Stellantis announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years. The plan, which …
Via: Claims Journal
A fire on Tuesday at a garment factory in Bangladesh and an adjacent chemical warehouse killed at least 16 people and injured others, and the death toll could rise, an official said. The cause of the blaze wasn’t immediately known, …
Via: Claims Journal
Michael Platt’s investment firm BlueCrest Capital Management will pay out $101 million to investors after U.K. regulators said it failed to manage conflicts of interest over an internal investment fund. BlueCrest and the U.K.’s Financial Conduct Authority have been grappling …
Via: Claims Journal
General Motors said on Tuesday it would take a $1.6 billion charge in the third quarter as it reshapes its electric vehicle strategy following the scrapping of a key federal incentive that is likely to dampen demand. GM’s disclosure is …
Via: Claims Journal
At least six property insurers in Florida have opened a new front in their battle against public claims adjusters – policy endorsements that strongly discourage property owners’ use of public adjusters altogether. And the National Association of Public Insurance Adjusters …
Via: Claims Journal
The U.K. urged corporate bosses to protect their businesses against cyberattacks, after a spate of high-profile incidents targeting companies that it said represent just a fraction of the known threats.
Via: Claims Journal
There’s something fundamentally American about the freedom to get in your car and drive. Driving is self-determination. The liberty to set your own course. The power to move under your own willpower, whether for duty or sheer pleasure. Despite some …
Via: Claims Journal
ICW Group Insurance Companies named Lynn Moretti chief claims officer. Moretti will oversee the company’s claims operations nationwide. Moretti previously served as chief claims officer for AmTrust Specialty, managing international claims operations in the U.K. and European Union. She has …
Via: Claims Journal