Industry News
Sedgwick is acquiring Bottomline’s legal spend management division. Sedgwick plans to operate the LSM business as a separate division, and the company anticipates transitioning roughly 300 LSM employees. The transaction is subject to customary conditions and regulatory approvals. The LSM …
Via: Claims Journal
New York’s top prosecutor is suing Puff Bar and about a dozen other makers and distributors of popular e-cigarette brands for alleged illegal sales practices and marketing products to children. The lawsuit follows a two-year investigation by Attorney General Letitia …
Via: Claims Journal
Zurich Insurance Group AG is expecting pretax losses of $200 million from the January California wildfires as the insurer reported a 5% gain in profit for 2024. Group operating profit rose to $7.75 billion in the year, the company said …
Via: Claims Journal
The 2024 hurricane season presented challenges for insurers thanks largely to hurricanes Beryl, Helene, and Milton—the three powerful storms caused more than $138 billion in damage as well as $52 million in insured losses. Nearmap, an aerial imagery and location …
Via: Claims Journal
Delta Air Lines Inc. is offering $30,000 to every passenger aboard a regional jet flight that came to rest upside down after crash landing at a Toronto airport earlier this week. The payments are “a good-faith gesture” that have “no …
Via: Claims Journal
The U.S. Equal Employment Opportunity Commission said it will enforce antidiscrimination laws against employers that “illegally prefer non-American workers. In a Feb. 19 announcement EEOC’s Andrea Lucas, acting chair, said the commission is “putting employers and other covered entities on …
Via: Claims Journal
Nigeria has filed a lawsuit seeking to compel cryptocurrency exchange Binance to pay $79.5 billion for economic losses it says were caused by its operations in the country and $2 billion in back taxes, court documents showed on Wednesday. Authorities …
Via: Claims Journal
Xceedance acquired CIS Claim Services, the claims business of CIS Group. With the acquisition, Xceedance adds 155 team members. The acquisition also expands the Xceedance claims platform to include alternative dispute resolution, litigated claims management and a wider field adjuster …
Via: Claims Journal
Is a binder binding, even if the property owner never received the insurance policy? Yes, it is, the Alabama Supreme Court decided last week in a case that marks another win for insurers relying on binding arbitration agreements. When Francine …
Via: Claims Journal
The U.S. Environmental Protection Agency said on Wednesday it has submitted the Biden administration’s approval of California’s landmark plan to end the sale of gasoline-only vehicles by 2035 to Congress for review and potential repeal. The decision by the new …
Via: Claims Journal