Industry News
It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …
Via: Claims Journal
A California man was sentenced to 16 years in prison for filing false claims on dozens of auto collisions. Jacob McNabb, 33, of Bakersfield, was sentenced following a jury’s guilty verdict on four felony counts including insurance fraud after a …
Via: Claims Journal
Be on the lookout for Grinch-like characters hanging out at transportation hubs over the holidays. A CargoNet analysis of holiday-period theft data from the past five years shows a heightened risk during the Christmas and New Year periods. The days …
Via: Claims Journal
Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The hacking amount exceeded $1 billion for the fourth straight year and the …
Via: Claims Journal
Global aerospace company AAR Corp. has agreed to pay more than $55 million to resolve allegations of bribing Nepalese and South African public officials, the U.S. Securities and Exchange Commission said on Thursday. The amount involved settlements with the SEC …
Via: Claims Journal
Amazon.com will implement new safety measures at all of its U.S. facilities to settle a federal agency’s claims that it failed to prevent workers from developing back problems and other ergonomic injuries, the agency said on Thursday. Amazon settled a …
Via: Claims Journal
The U.S. Senate Budget Committee on Wednesday held a hearing to release a study they said confirms climate change is increasing non-renewal rates in multiple states, but the insurance industry clapped back by saying extreme weather is just part of …
Via: Claims Journal
A group of Google Help staffers reached a union contract with their employer, Accenture Plc, securing protections on remote work and workplace surveillance that could be a template for others in Alphabet Inc.’s sprawling contract workforce. The collective bargaining agreement …
Via: Claims Journal
American Airlines has agreed to settle a race discrimination lawsuit by three Black men who were temporarily removed from a flight at the insistence of white flight attendants, according to a court filing on Thursday. The terms of the agreement …
Via: Claims Journal
The U.S. government is urging senior government officials and politicians to ditch phone calls and text messages following intrusions at major American telecommunications companies blamed on Chinese hackers. Right now. In written guidance released on Wednesday, the Cybersecurity and Infrastructure …
Via: Claims Journal