Industry News
Used car buyers are being warned to watch for signs of flood-damaged cars, as new CARFAX data estimates that nearly 45,000 vehicles have already been damaged by mid-year storms. Heavy rains and flash flooding that took place between April and …
Via: Claims Journal
The liability litigation environment in the U.S. continues to be challenging, driven by increases in nuclear and thermonuclear verdicts, rising attorney representation rates and evolving litigation strategies. Sedgwick’s Liability Litigation Observation and Trends report from the summer of 2025 offers …
Via: Claims Journal
A recent breach of Columbia University’s computer systems compromised personal information of about 870,000 people, including students and applicants, according to the school’s reports to state officials in the US. The hack included “any personal information” provided in connection with …
Via: Claims Journal
Four fires in the Los Angeles area have consumed more than 100,000 acres and sent thousands of residents fleeing for their lives as dry conditions and strong winds fan flames. The Gifford Fire, about 130 miles (210 kilometers) from downtown, …
Via: Claims Journal
Firefighters made progress tackling France’s biggest wildfires in more than seven decades, with light rain providing a chance to control the blazes before temperatures rise in the coming days. The deadly fires, which ignited on Tuesday in the southwestern department …
Via: Claims Journal
Three months after a U.S. senator chastized Allstate for its response to a Georgia woman’s storm claim, Allstate has paid more than 10 times its initial payout on the claim, U.S. Sen. Josh Hawley said. “Allstate has finally agreed to …
Via: Claims Journal
Prudential Financial reached a $100 million settlement to resolve U.S. Federal Trade Commission civil charges that its Assurance IQ unit misled consumers into buying healthcare plans that did not provide the promised coverage. A settlement with Assurance, which Prudential shut …
Via: Claims Journal
The Missouri Department of Commerce and Insurance reported that severe weather has already caused nearly $1.6 billion in damage throughout the state this year. “The insurance industry continues to respond and assist Missourians as they rebuild and repair their property,” …
Via: Claims Journal
Insurtech Lemonade reported a second quarter 2025 net loss of about $44 million compared with a loss of $57.2 million a year ago during the same time. Though still a loss, it was a 23% improvement from the prior year, …
Via: Claims Journal
A retired federal judge will help decide the fate of thousands of Johnson & Johnson baby powder cancer lawsuits even though her law firm represents the drugmaker in other matters. Freda Wolfson was appointed earlier this summer to re-examine how …
Via: Claims Journal