Industry News
As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new scrutiny on insurance carriers’ claims-handling and other practices. Florida Insurance Commissioner Michael Yaworsky late last week posted a memo, demanding …
Via: Claims Journal
The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention said on Monday the agencies were investigating a multi-state outbreak of listeria infections linked to frozen supplemental shakes manufactured by Prairie Farms Dairy Inc. As of …
Via: Claims Journal
The OKX cryptocurrency exchange, one of the world’s largest, pleaded guilty on Monday to processing more than $1 trillion in transactions by U.S. customers without a license and will pay more than $504 million in penalties. The exchange, which allows …
Via: Claims Journal
Johnson & Johnson said on Monday it had filed a lawsuit against Samsung Bioepis for breaching its contract agreement with the drugmaker over the launch of a biosimilar to Stelara, J&J’s autoimmune drug. J&J said it is seeking a preliminary …
Via: Claims Journal
ATI Restoration named Frances Zoellner regional vice president of the Mountain West region. She will lead business development managers across the region, focusing on the company’s growth and expansion. Zoellner was previously senior vice president of sales for ServiceMaster. Zoellner …
Via: Claims Journal
The European Union is broadening the list of U.S. goods it will target with retaliatory tariffs if U.S. President Donald Trump follows through on his threat to impose duties on steel and aluminum exports, according to people familiar with the …
Via: Claims Journal
Alphabet’s Google internet search engine is eroding demand for original content and undermining publishers’ ability to compete with its artificial intelligence-generated overviews, a U.S. educational technology company said in a lawsuit filed on Monday. Chegg, an online education company that …
Via: Claims Journal
DoorDash Inc., the biggest food-delivery firm in the U.S. by market share, agreed to pay New York couriers $16.8 million in back pay to resolve a state investigation into its payment practices. DoorDash used customer tips to subsidize base pay …
Via: Claims Journal
An engineering company said it has agreed to pay $53 million to settle all remaining lawsuits that alleged some blame for lead-contaminated water in Flint, Michigan, a decade ago. The deal by Veolia North America and Flint residents comes on …
Via: Claims Journal
Crypto exchange Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion worth of tokens in the biggest theft ever committed in the industry. Researchers believe North Korean hackers were likely responsible. A …
Via: Claims Journal