Industry News
The parents of an 18-year-old who was killed in a hail of gunfire at Tuskegee University filed a wrongful death lawsuit this week, saying the school failed to provide adequate security measures that could have prevented the fatal shooting. Tamika …
Via: Claims Journal
McKinsey & Co. is in the final stages of negotiating a deferred prosecution agreement to resolve a U.S. criminal investigation into the consulting firm’s work helping opioid manufacturers boost sales that allegedly contributed to a deadly addiction epidemic, people familiar …
Via: Claims Journal
Cargo theft tends to pick up over the Thanksgiving period, an analysis warns. According to a supply chain analysis by CargoNet, 174 significant theft events typically take place during a six-day window from the Tuesday before Thanksgiving through the following …
Via: Claims Journal
The topic of nuclear verdicts took center stage at this year’s Target Markets Annual Summit in Scottsdale, Arizona, where a panel of carriers and reinsurers discussed rising settlement costs amidst an uncertain litigation environment. Panelists representing Lloyd’s, Markel, MunichRe and …
Via: Claims Journal
U.S. prosecutors unveiled criminal charges on Wednesday against five alleged members of Scattered Spider, a loose-knit community of hackers suspected of breaking into dozens of U.S. companies to steal confidential information and cryptocurrency. Martin Estrada, the U.S. Attorney in Los …
Via: Claims Journal
A new study examining potential unintentional bias in auto insurance finds that while Black and Hispanic drivers pay more than other drivers for coverage, they also have more claims and driving infractions. The study’s authors accept that higher losses and …
Via: Claims Journal
Allstate today said it estimated pretax catastrophe losses of $286 million for the month of October. Losses during October included $102 million, pretax, from Hurricane Milton as well as $144 million in unfavorable reserve reestimates from Hurricane Helene primarily from …
Via: Claims Journal
The director of the National Security Agency on Wednesday urged the private sector to take swift, collective action to share key details about breaches they have suffered at the hands of Chinese hackers who have infiltrated US telecommunications. General Timothy …
Via: Claims Journal
The National Highway Traffic Safety Administration this week finalized updates to its 5-Star Safety Ratings program, an action the agency’s will improve safety by incorporating new advanced driver assistance technologies, adding a crashworthiness pedestrian protection program and creating a roadmap …
Via: Claims Journal
When Hector Xu was learning to fly a helicopter in college, he recalled having a few “nasty experiences” while trying to navigate at night. The heart-stopping flights led to his research of unmanned aircraft systems while getting his doctorate degree …
Via: Claims Journal