Industry News
Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims than the 20-year average, reported the Insurance Bureau of Canada. About 228,000 home, auto and business insurance claims have been …
Via: Claims Journal
A Philadelphia appeals court has upheld the $43.5 million award to former Philadelphia Eagles’ special teams player and captain Chris Maragos in his medical malpractice claim alleging that failed treatment of a knee injury ended his National Football League (NFL) …
Via: Claims Journal
The U.S. Transportation Department said on Thursday it is awarding $1 billion for a series of projects aimed at reducing traffic crashes, as road deaths remain sharply higher than pre-pandemic levels. The department separately on Thursday estimated that 18,720 people …
Via: Claims Journal
Silicon Valley billionaire Thomas Siebel has accused the Italian energy company Enel SpA of copying the IP of the software firm he runs, C3.ai. C3, based in Redwood City, California and known for its data management and analysis software, accused …
Via: Claims Journal
Dish Network Corp., the ailing satellite-TV provider with more than $20 billion in debt, is in talks with a group of creditors to resolve a lawsuit tied to a controversial transfer of assets. A meeting between the company and investors …
Via: Claims Journal
The Dutch data protection watchdog issued facial recognition startup Clearview AI with a fine of 30.5 million euros ($33.7 million) over its creation of what the agency called an “illegal database” of billion of photos of faces. The Netherlands’ Data …
Via: Claims Journal
Hershey urged a U.S. judge to dismiss a lawsuit claiming it misled consumers about several Reese’s peanut butter candies, using its request to level a broadside against what it considers baseless class action litigation over product packaging. In a Wednesday …
Via: Claims Journal
Resilience named Jeremy Gittler global head of claims. Gittler will lead the company’s global claims team. Before Resilience, he held underwriting and claims leadership positions at AXA XL, where he built its cyber claims team. Earlier in his career, he …
Via: Claims Journal
New Mexico said on Thursday it filed a lawsuit against Snapchat owner Snap Inc. alleging that the messaging app’s policies and design features facilitate the sharing of child sexual exploitation material. The lawsuit brought by New Mexico Attorney General Raul …
Via: Claims Journal
The property/casualty insurance industry is contributing to improved cyber hygiene in the U.S., a survey of insurers, agents, and brokers conducted by the American Property Casualty Insurance Association and the Council of Insurance Agents & Brokers shows. The survey responses …
Via: Claims Journal