Industry News
“Nuclear verdicts” isn’t just a buzzphrase. These jury awards exceeding $10 million are becoming more frequent and severe. And for claims professionals, this isn’t just a legal or media trend—it’s a fundamental shift in risk exposure. These outcomes are reshaping …
Via: Claims Journal
Independent adjusters’ claims that some Florida insurance companies had tampered with their damage estimates continue to trickle through courthouses and state agencies, with final resolutions far from certain or still months or years in the future. The latest developments include: …
Via: Claims Journal
Southern California Edison said on Wednesday it would pay several million dollars each to families who lost loved ones in the January wildfires that scorched 14,000 acres in greater Los Angeles and destroyed thousands of homes and businesses. The utility, …
Via: Claims Journal
The maker of celebrity video platform Cameo sued OpenAI in a California federal court, arguing that the new “Cameo” feature of OpenAI’s Sora video generation app violates its trademark rights. Cameo said in the complaint filed on Tuesday that OpenAI’s …
Via: Claims Journal
The three largest U.S. opioid distributors must face a $2.5 billion lawsuit alleging they helped fuel a public health crisis in parts of West Virginia, after their victory at a trial was thrown out by a federal appeals court. The …
Via: Claims Journal
Ford is recalling nearly 175,000 vehicles in the U.S. as their moonroof wind deflectors could detach, the U.S. National Highway Traffic Safety Administration said on Wednesday. Related: Ford Sees up to $2 Billion Profit Hit From Key Supplier Fire The …
Via: Claims Journal
Sustained wind speeds are still around 105 miles per hour, and a hurricane-strength storm is expected to hit the Bahamas later on Wednesday.
Via: Claims Journal
Gallagher Bassett acquired 100% of Chandler, Arizona-based Safe T Professionals LLC. Gallagher Bassett previously held a minority investment in the business. Anna Martinez, Joshua Martinez and their team will remain in their current location under the direction of Jim Bond, …
Via: Claims Journal
Apple urged a federal judge to dismiss a racketeering lawsuit by a company that accused the iPhone maker of stealing its technology to create the lucrative mobile wallet Apple Pay. In a Monday night filing in Atlanta federal court, Apple …
Via: Claims Journal
Zero-emission vehicles accounted for nearly one-in-four new light-vehicle sales in California during the third quarter as buyers rushed to take advantage of the expiring federal tax credit, a new report shows. The California New Car Dealers Association’s Q3 2025 California …
Via: Claims Journal