Archive for February 2024

One-in-five respondents said they had at least considered committing insurance fraud, with half of those saying that they had gone through with their plans, while 30% of respondents said knew someone who’d at least considered committing insurance fraud. Nearly half … Source: Claims Journal

Subrogation professionals, like lawyers, must be constantly vigilant for deadlines, statutes of limitations, statutes of repose, and notice timelines set forth by the laws of the 50 states. Likewise, it is important to know and understand the differences between statutes … Source: Claims Journal

A Texas public adjuster committed willful infringement when he formed a corporation and a limited liability company with the names “Certain Underwriters at Lloyds London, Inc.” and “Certain Underwriters of Lloyds London,” a U.S. district court ruled on Feb. 7. … Source: Claims Journal

Consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark, and a 14% increase over reported losses in 2022, Newly released Federal Trade Commission data shows. Consumers reported … Source: Claims Journal

RENFROE named Roy Stubbs chief technology officer. Stubbs previously served as the director of engineering. He has more than 25 years of experience in complex solutions implementation and software architecture with fintech and insurance clients. Before joining RENFROE, he was … Source: Claims Journal

A Connecticut judge has tossed a lawsuit by the estate of a woman who was killed in a crash while driving intoxicated following a mandatory wine tasting at the restaurant that employed her. The estate brought claims of common law … Source: Claims Journal

Amazon.com AMZN.O was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to higher-priced items in order to earn extra fees. According to a complaint … Source: Claims Journal

Goldman Sachs Group Inc. was sued by a Hollywood business management firm that claims it was strung along as a mergers and acquisitions client while the bank pursued a much larger $7 billion deal with a private equity firm. In … Source: Claims Journal

The U.S. Supreme Court on Thursday made it easier for financial sector whistleblowers to win lawsuits accusing companies of unlawfully firing them as retaliation for disclosing wrongdoing, rejecting a bid by Switzerland’s UBS Group to impose a higher bar. The … Source: Claims Journal

More than one-in-six drivers say they use their cellphone while driving, a new survey shows. Mercury Insurance polled 1,000 drivers who were asked to rate their driving skills and then answer a variety of questions on distracted road habits. The … Source: Claims Journal