Archive for February 2024

The Windstorm Insurance Network, known as WIND, a continuing education organization for adjusters, appraisers and other claims professionals, has installed new officers and board members after its annual conference in Orlando. Wayne Taylor, a plaintiffs’ attorney with Mozley, Finlayson & … Source: Claims Journal

Allstate Corp. fourth quarter 2023 net income attributable to common shareholders was about $1.5 billion, reversing a loss of $303 million during the same time the prior year. Allstate CEO Tom Wilson said “improved auto profitability and mild weather” drove … Source: Claims Journal

Rap stars Snoop Dogg and Master P sued Walmart Inc. and Post Foods LLC, claiming the consumer giants conspired to crush their Snoop Cereal, intended as a model for other minority-owned brands. The musicians’ company Broadus Foods LLC accuses the … Source: Claims Journal

The Connecticut Supreme Court has ruled that claims involving the evolving field of assisted reproductive technologies can be decided using traditional negligence and medical malpractice principles and do not require consideration as novel “wrongful life” causes of action. The high … Source: Claims Journal

The National Basketball Association was hit with a lawsuit over its marketing links to failed crypto exchange Voyager Digital Holdings Inc., which investors claim led to $4.2 billion in losses. The NBA was “grossly negligent” in agreeing to a marketing … Source: Claims Journal

A dramatic accident on an Alaska Airlines flight last month was apparently triggered by a door plug that hadn’t been properly attached before the plane was delivered by Boeing Co., US investigators said Tuesday. Four bolts that acted as a … Source: Claims Journal

War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for ships transiting the Red Sea and some providers are avoiding such business due to targeting of the vessels by Yemen’s … Source: Claims Journal

Carole Baskin, who became a pop culture sensation due to Netflix’s docuseries “Tiger King,” has asked the Florida Supreme Court to review an appellate court’s ruling that said she isn’t protected from a defamation lawsuit brought by a former assistant. … Source: Claims Journal

New York Community Bancorp is facing the first of what are likely to be several securities fraud lawsuits alleging the bank and its top executives misled shareholders about the health of its commercial real estate loan portfolio. Shareholder Walter Edward … Source: Claims Journal

Ransomware gangs stole more than $1 billion in 2023, the largest amount ever recorded, according to a report published Wednesday by blockchain analysis firm Chainalysis Inc. With ransomware hacks, cybercriminals block access to a victims’ data or files until they … Source: Claims Journal