Industry News
A lawsuit brought by the former head of Marvel Entertainment made headlines around the country last November when it resulted in a $50 million jury verdict against Isaac Perlmutter’s wealthy Palm Beach neighbor and Federal Insurance Co. But it was …
Via: Claims Journal
The state's top lawyer, Gentner Drummond, alleges that Allstate implemented an internal program to drastically deny or minimize payments of legitimate covered losses.
Via: Claims Journal
Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety. Meta …
Via: Claims Journal
Nearly 18 million more people reside in places that face a lower though growing threat of wildfire but where there's sometimes only one way out of town.
Via: Claims Journal
A federal judge on Monday rejected Elon Musk’s bid to void a jury verdict finding that the world’s richest person defrauded Twitter investors by trying to drive down the social media company’s stock price after agreeing to a $44 billion …
Via: Claims Journal
Citadel Securities LLC said it was the victim of the same alleged insider-trading scheme that rival Susquehanna International Group claims made more than $100 million on options bets placed ahead of a Chinese regulatory crackdown. Ken Griffin’s market-making firm late …
Via: Claims Journal
A longtime claims manager for Auto-Owners Insurance Co. has been charged with defrauding the company of more than $43,000. Ian V. Eisnaugle, 41, of Hendersonville, North Carolina, was charged with insurance fraud and forgery in June after he reportedly submitted …
Via: Claims Journal
Insurance Journal’s Risky Future series is hosting the “AI Tools for Underwriting” Demo Day, a series of free AI tool demonstrations designed exclusively for Carriers, MGAs, Specialty Program Leaders, and of course, Underwriters and Claims professionals. This event spotlights AI …
Via: Claims Journal
A federal judge on Monday rejected United Airlines’ bid to dismiss a lawsuit by passengers who complained they paid extra money to sit in window seats, only to discover their seats had no windows. U.S. District Judge James Donato in …
Via: Claims Journal
Liberty Specialty Markets named Sarah Howell head of claims for the U.K. and the Middle East and North Africa region. Howell will report to Mike Gillett, chief claims officer, Liberty International Insurance, and Luis Prato, president, U.K. and MENA. She …
Via: Claims Journal