Archive for January 2024

GSK GSK.L, Pfizer PFE.N and other pharmaceutical companies are urging a judge in Delaware this week to find that evidence plaintiffs’ lawyers want to use in about 72,000 lawsuits claiming that the discontinued heartburn drug Zantac caused cancer is not … Source: Claims Journal

A Massachusetts hospital that suffered a cyber attack in December has been hit with a class action lawsuit for its alleged failure to secure patients’ personal information. Anna Jaques Hospital in Newburyport experienced a significant shutdown of its electronic medical … Source: Claims Journal

The Hartford confirmed this week it will discontinue writing new homeowners policies in California. The carrier reportedly has less than 1% of the state’s homeowners market. The Hartford issued the following statement follwing a request for comment for this article: … Source: Claims Journal

How many vultures are required and how long must they be present to create an infestation? The Pennsylvania-based owner of a Maryland commercial building has learned that the answer, at least for insurance purposes, does not lie with an expert … Source: Claims Journal

An Aon plc report out this week identifies 398 global natural disaster events that caused a $380 billion (2022: $355 billion) economic loss during the 12-month period under review – 22% above the 21st-century average. Aon’s 2024 Climate and Catastrophe … Source: Claims Journal

A home surveillance video camera helped lead investigators to five Southern California residents for allegedly staging an auto collision to collect an insurance payout. Each defendant has been charged with one felony count of insurance fraud after an investigation by … Source: Claims Journal

Argenta Syndicate Management Ltd. promoted Jacqui Grinberg to chief claims officer. Grinberg’s principal focus will be to develop and drive Argenta’s claims strategy to align more closely claims and underwriting teams. Grinberg joined Argenta in 2023 as deputy head of … Source: Claims Journal

Glencore Ltd. and Viterra BV have filed a lawsuit in New York claiming they lost more than $200 million from failed bets on cotton futures in 2011 because Louis Dreyfus Co. “manipulated and artificially inflated” prices. The dispute is the … Source: Claims Journal

Retaliation was the most common form or workplace discrimination, while Tennessee had the highest rate of workplace discrimination charges at 79 per 100,000 people, an examination of Equal Employment Opportunity Commission data shows. The EEOC data showed Arkansas (77 charges … Source: Claims Journal

Progressive Corp. said fourth quarter 2023 net income jumped to nearly $2 billion compared to about $826 million a year ago during the same period. The Mayfield Village, Ohio-based insurer reported some quarterly and year results as it announced its … Source: Claims Journal