Industry News
Professional meteorology, as it relates to insurance claims handling and the litigation process, is becoming increasingly recognized, and the employment of meteorologists within the insurance industry is growing. But what does meteorology have to do with storm damage insurance claims? …
Via: Claims Journal
PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. The complaint by …
Via: Claims Journal
The U.S. Treasury Department sanctioned Chinese cybersecurity firm Integrity Technology Group for its alleged role in a state-sponsored botnet attack known as Flax Typhoon. Integrity Technology, which is traded on the Shanghai Stock Exchange, was involved in “multiple computer intrusion …
Via: Claims Journal
U.S. new-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles, automakers reported. Sales are expected to near 16 million vehicles, the highest level since 2019, with …
Via: Claims Journal
Northern Europe is facing freezing temperatures and snow, boosting heating demand and putting more pressure on the region’s depleting gas inventories. There are yellow weather alerts over Scotland on Friday, with the risk of blizzard conditions in parts, according to …
Via: Claims Journal
A Florida man may have been an occasional driver for Uber, the ride-hailing company, but he was not working at the time that he struck and killed his former girlfriend, and Uber is not liable for the wrongful death, a …
Via: Claims Journal
TikTok has long known that its popular video livestreams encourage sexual content, including streams exploiting and “grooming” minors, according to a lawsuit from the state of Utah that was unredacted on Friday. TikTok also discovered through an internal investigation that …
Via: Claims Journal
Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara. The reform allows catastrophe models to be used by insurance carriers …
Via: Claims Journal
GlobalFoundries and IBM said on Thursday they have settled dueling lawsuits in which GlobalFoundries was accused of breaching a contract with IBM and the computer giant was alleged to have misused the chipmaker’s trade secrets. The companies said in a …
Via: Claims Journal
Some workers on car-rental startup Turo Inc.’s trust and safety team have interrupted vacations to monitor and respond to the aftermath of deadly attacks in Las Vegas and New Orleans, according to a person familiar with the matter. In both …
Via: Claims Journal