Industry News
An increase in impaired-driving deaths during the COVID-19 pandemic may have been driven by a national mental health crisis and reductions in policing, a new study from the Insurance Institute for Highway Safety shows. Prior to the onset of the …
Via: Claims Journal
Meta Platforms and TikTok owner ByteDance must face a wrongful death lawsuit by the mother of a 15-year-old Manhattan boy who died while “subway surfing” on a moving train, a New York state judge ruled. Justice Paul Goetz ruled on …
Via: Claims Journal
Increasing abuses in the claims process have caused insurance companies to rethink the traditional model of sending out cash to pay claims. Far too often, that cash is used for purposes other than fixing damage, with a significant portion of …
Via: Claims Journal
Verisk CargoNet issued an advisory to the logistics industry warning of significantly increased cargo theft risk during the upcoming July 4th holiday week. The firm typically issues such warnings ahead of holidays. Extended business closures can create favorable operating conditions …
Via: Claims Journal
Iran-affiliated hackers remain a potential threat to critical sectors of the US economy, including defense contractors and other American organizations, according to a bulletin published Monday from the FBI, the National Security Agency, the Cybersecurity and Infrastructure Security Agency and …
Via: Claims Journal
The U.S. Supreme Court agreed on Monday to decide a copyright dispute between Cox Communications and a group of music labels following a judicial decision that threw out a $1 billion jury verdict against the internet service provider over alleged …
Via: Claims Journal
One of the most successful hedge fund strategies of recent years is latching on to an old idea whose popularity is suddenly soaring.
Via: Claims Journal
General Motors persuaded a federal appeals court on Friday to decertify a class action seeking to hold the automaker liable for knowingly selling about 800,000 cars, trucks and SUVs with faulty transmissions. In a 9-7 vote, the 6th U.S. Circuit …
Via: Claims Journal
The Los Angeles wildfires have generated potentially thousands of new clients for lawyers and prospects for billions in fees. Wall Street wants in on the action, too. The chance at a piece of strong returns has encouraged investment banks, hedge …
Via: Claims Journal
Insurers in the U.S. paid out about $1 billion in claims for lightning-related damage in 2024, down 16.5% from the amount paid in 2023, according to the Insurance Information Institute (Triple-I). The tally was $1.04 billion in 2024 compared to …
Via: Claims Journal