Archive for February 2024

Prime Insurance Co. is not liable for $60 million in damages after two patients died following liposuction at a Georgia clinic, thanks in part to the clear wording of the insurance policy and timely action by the insurer, a federal … Source: Claims Journal

Vermont, Montana, and New Hampshire were the top three states with the highest fatality rates in traffic accidents in a study of National Highway Traffic Safety Administration data. The study covered NHTSA data from 2017 to 2021. It showed Vermont … Source: Claims Journal

Walmart WMT.N and Energizer ENR.N were ordered by a U.S. judge to face lawsuits by consumers and retailers accusing them of violating antitrust law by conspiring to raise prices of disposable batteries. In a decision on Friday, U.S. District Judge … Source: Claims Journal

The Rhode Island Insurance Division issued a bulletin to inform property/casualty insurers about “professional courtesies” expected from licensed Insurance claims adjusters and licensed P/C insurance companies while interacting with claimants or their legal representatives during the claims process. The division, … Source: Claims Journal

Ryze Claim Solutions entered a definitive agreement to be recapitalized by Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital. Following the transaction, Ryze will be majority-owned by Bain Capital Insurance with members of the management team and … Source: Claims Journal

Privacy risk is so 2014, right? Ten years ago, numerous retail and healthcare companies were hit with data breaches related to the exposure of credit card or healthcare data. Given many data breach claims, which included fines by state attorney … Source: Claims Journal

Apple Inc. said it’s reached an agreement that potentially settles its 2022 lawsuit accusing startup Rivos Inc. of poaching engineers to steal trade secrets. In a joint court filing Friday, the companies told a judge they’re aiming to finalize an … Source: Claims Journal

Amazon.com Inc. allegedly retaliated against three female employees — including firing one and placing another on a performance plan — after they sued the company for discrimination, the plaintiffs said in new court papers. In an amended complaint filed Friday, … Source: Claims Journal

The economic losses from the latest round of California storms will be significant, with many of these losses may not be insured because only 2% of California residents have purchased flood insurance, David Blades, associate director, industry research and analytics, … Source: Claims Journal

Multiple UK insurance companies have agreed to stop selling policies that cover declining car values after the Financial Conduct Authority raised concerns about customer fairness. Insurers that account for 80% of the guaranteed asset protection market have agreed to halt … Source: Claims Journal