Industry News
What constitutes a fortuitous loss in Arizona? That’s the question the 9th U.S. Circuit Court of Appeals has asked the Arizona Supreme Court to answer to resolve a commercial property damage dispute. The circuit court is seeking clarity from the …
Via: Claims Journal
Britain’s financial regulators should start stress-testing the risks posed by artificial intelligence because their current wait-and-see approach leaves the public and economy in danger of “serious harm,” a group of lawmakers warned. The Bank of England, the Financial Conduct Authority …
Via: Claims Journal
The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query into about 597,571 vehicles from General Motors over engine failure. The recall affects GM vehicles equipped with a L87 6.2L V8 gas engine that experienced …
Via: Claims Journal
Edison International sued Los Angeles County and other public agencies for allegedly failing to ensure timely evacuation alerts that the company says could have saved most of the 19 people who died in a massive wildfire last year. If the …
Via: Claims Journal
Allstate can move forward in its recovery of $4.7 million it paid to settle fraudulent medical claims with a Houston, Texas medical facility, the Fifth Circuit has ruled. The federal appellate court reversed a lower court’s ruling that Allstate’s RICO …
Via: Claims Journal
Boeing Co. warned operators in 2011 that a key structural component found cracked in the plane involved in November’s fatal crash of a United Parcel Service Inc. freighter had failed on prior occasions. The planemaker issued a service letter in …
Via: Claims Journal
A year after the Los Angeles wildfires, many survivors face the same problem: Their insurance policies aren’t paying out enough to cover the cost of rebuilding. It’s a tragic predicament. And it will happen again when the next disaster hits. …
Via: Claims Journal
The U.S. Supreme Court agreed to hear Bayer AG’s appeal taking aim at thousands of lawsuits targeting its top-selling Roundup weedkiller for causing cancer. The high court agreed Friday to hear Bayer’s challenge to a $1.25 million Missouri jury verdict …
Via: Claims Journal
An integrated healthcare consortium headquartered in Oakland, California, that are affiliates of Kaiser Permanente agreed to pay $556 million to resolve allegations that they violated the False Claims Act by submitting invalid diagnosis codes for their Medicare Advantage Plan enrollees. …
Via: Claims Journal
Trump administration officials said on Friday that Canada would regret its decision to allow China to import up to 49,000 Chinese EVs, and that those cars would not be allowed to enter the United States. “I think they’ll look back …
Via: Claims Journal