Industry News
One-third of U.S. internet-enabled households with homeowner’s/renter’s insurance would switch providers to acquire smarthome devices, a new study shows. Parks Associates’ research study, Insurance Opportunities in the Smart Home, examines 8,000 households to determine consumer preferences for IoT devices that …
Via: Claims Journal
Consumers expecting big savings from a National Association of Realtors’ class-action settlement over agent commissions may instead be in for a letdown. The agreement drew cheers from President Joe Biden, who said it “could save homebuyers and home sellers as …
Via: Claims Journal
Minnesota homeowners insurance complaints rose 108% from 2020 to 2023 on complaints from homeowners concerned their claims were denied or they faced high out-of-pocket costs after damage from wind and hail, according to the Minnesota Department of Commerce. The DOC …
Via: Claims Journal
A Connecticut employer has the right to terminate an employee who is impaired by medical marijuana in the workplace. The Connecticut Appellate Court on March 19 upheld the dismissal of a lawsuit brought against a nonprofit pre-school by a teaching …
Via: Claims Journal
Apple Inc., Alphabet Inc.’s Google and Meta Platforms Inc. face the risk of potentially hefty fines as the European Union opened a full-blown investigation into the firms’ compliance with strict new laws reining in the power of Big Tech. The …
Via: Claims Journal
Chrysler is recalling nearly 286,000 vehicles in the United States over a manufacturing defect that might cause the side curtain airbag inflators to rupture, the National Highway Traffic Safety Administration (NHTSA) said on Friday. The right and left side curtain …
Via: Claims Journal
UnitedHealth Group said on Friday its Change Healthcare unit will start to process the medical claims backlog of more than $14 billion as it resumes some software services disrupted by a cyberattack last month. The company has been scrambling to …
Via: Claims Journal
Class action spending increased to nearly $4 billion, making it one of the fastest-growing areas of legal spending in 2024, a new study shows. Carlton Fields released its 13th annual Class Action Survey, which provides an overview of important issues …
Via: Claims Journal
One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally disaster-prone areas. Last year alone, the U.S. witnessed a staggering $92.9 billion in weather-related damages, making it a record-breaking year …
Via: Claims Journal
Chevron will pay $13.1 million in settlement agreements with two California state agencies for past oil spills in Kern County, Bakersfield, the California natural resources agency said on Wednesday, as the major oil producing state strengthens regulations. Chevron, which has …
Via: Claims Journal