Archive for March 2024

Apple Inc. reached a $490 million settlement of a class-action lawsuit brought by a group of investors who accused Chief Executive Officer Tim Cook of misleading them in 2018 about the company’s sales prospects. Cook made false statements about the … Source: Claims Journal

A Hopkinton, Massachusetts couple has been arrested and charged in connection with separate schemes to defraud their workers’ compensation insurance carriers, the Small Business Administration (SBA) and their mortgage lender. According to the U.S. Attorney, Ronaldo Solano and Adriana Solano … Source: Claims Journal

US health authorities are investigating whether the cyberattack on UnitedHealth Group Inc.’s Change Healthcare unit involved a breach of personal health information. The Department of Health and Human Services Office for Civil Rights opened the probe into the company’s compliance … Source: Claims Journal

Meta Platforms Inc.’s lost its second court ruling this week seeking to stop the Federal Trade Commission’s reopening a 2020 privacy settlement over allegations that the company breached the terms. In a ruling Thursday, US District Judge Randolph Moss in … Source: Claims Journal

The amount of money spent on cellphone screen repairs surged to $8.3 billion in 2023, nearly tripling the amount spent in 2018 ($3.4 billion), according to new research by Allstate Protection Plans. Researchers found that 49% of American smartphone owners … Source: Claims Journal

Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes cancer, according to people familiar with its thinking. … Source: Claims Journal

In the wake of a record-shattering $28 billion-dollar extreme weather and natural disaster season in 2023, the U.S. finds itself at the mercy of an increasingly volatile climate. As hurricanes grow fiercer, sea levels rise and rainfall patterns shift, one … Source: Claims Journal

The National Flood Insurance Program has paid out $364 million on flood claims from Hurricane Idalia, the storm that swamped part of Florida in August. That’s a fraction of the $3.2 billion NFIP paid after Hurricane Ian, a much larger … Source: Claims Journal

Executive Summary: Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just three of the strategies Aspen’s Chief Claims Officer Tony Rai suggests that insurers start undertaking—in concert with their … Source: Claims Journal

Many years ago, as the holiday season wrapped our home in a festive embrace, a tranquil evening turned into a night we’d never forget. Our family was enjoying the warmth and peace of the season when a fire broke out, … Source: Claims Journal