Industry News
New York state investigators arrested 16 people accused of staging car crashes and faking injuries to collect nearly $500,000 from insurers, one of the first major enforcement actions since Governor Kathy Hochul made auto insurance fraud a focus of her …
Via: Claims Journal
Industry executives speaking during a recent NetDiligence Cyber Risk Summit in Philadelphia said cyber losses are increasingly driven by operational disruptions, sophisticated fraud schemes, rather than traditional ransomware and data breaches alone. Not to mention, of course, the rapid adoption …
Via: Claims Journal
Instacart parent Maplebear will pay $5 million to settle a federal investigation into claims that the grocery delivery company discriminated against American workers through its recruiting and hiring practices, two U.S. agencies said on Tuesday. The U.S. Department of Justice …
Via: Claims Journal
Intensifying public pushback against artificial intelligence data centers is spurring a new line of business for a New York-based boutique insurer. Arbol, which was founded by a former Citadel strategist, on Tuesday launched a new policy that protects data center …
Via: Claims Journal
Ford is recalling 102,159 F-Series trucks in the US over faulty equipment, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. Here are details: The analog tachometer, which shows engine speed in revolutions per minute, and speedometer may get …
Via: Claims Journal
Home insurance rates have risen so dramatically over the last decade that the average premium now exceeds the average property-tax bill in two-thirds of U.S. counties, according to an analysis published Monday by Bloomberg Intelligence. It points to the role …
Via: Claims Journal
“Give him a few more dollars and get the file closed.” I do not remember the exact words I used years ago, but I remember the feeling behind them. I was dealing with a claimant attorney who had become one …
Via: Claims Journal
Over the past couple of weeks, a cybersecurity researcher watched as a Chinese-speaking hacker broke into websites belonging to more than 100 companies, including farm equipment maker Deere, home appliance company SharkNinja and engine manufacturer Cummins. Yet the hacker did …
Via: Claims Journal
Alphabet’s self-driving unit Waymo plans to expand its fleet five-fold to 20,000 by the end of next year using $5 billion it raised earlier this month, Semafor reported on Monday, citing people familiar with the matter. The autonomous ride-hailing service …
Via: Claims Journal
Battery-electric vehicle (BEV) registrations in Europe rose 70.3% in September, as high oil prices, subsidies and the availability of more affordable models continued to lead the growth. Around a third of cars sold across 17 key European markets in September …
Via: Claims Journal