Archive for April 2024

UnitedHealth Group expects to take a hit of as much as $1.6 billion this year from disruptions caused by the February cyberattack at its Change Healthcare unit. Despite the disruptions, UnitedHealth still beat estimates for first-quarter adjusted profit, sending its … Source: Claims Journal

The world’s largest seller of cybersecurity products has a problem with its own cybersecurity. In recent years, Microsoft Corp. has been hit with a series of embarrassing hacks that have exposed corporate and government customers. Earlier this month, the US … Source: Claims Journal

A study by researchers from Harvard and Columbia universities and at the Federal Reserve has reopened the debate about the financial fortitude and the financial rating system for dozens of Florida property insurance companies. The president of Demotech, the firm … Source: Claims Journal

Verita CSG Inc. named William Barry as chief claim manager and Chris Adolph head of property claims. In previous roles, Barry managed global teams of claim account managers and Adolph spearheaded teams in property claims, estimate review, multiline best practices … Source: Claims Journal

The Justice Department may file an antitrust complaint as soon as next month aimed at forcing Live Nation Entertainment Inc. to spin off its Ticketmaster ticketing business, according to three people familiar with the matter. The agency has been investigating … Source: Claims Journal

Inappropriate comments by a superior to a social worker and between other employees at the state Department of Human Services did not justify a $790,000 jury award for sexual harassment, the Iowa Supreme Court has ruled. Friday’s ruling reversed a … Source: Claims Journal

An employer cannot use an ergonomics report, showing that a work injury is statistically unlikely, to deny a workers’ compensation claim, the South Carolina Supreme Court said in an opinion that sharply questioned an appellate panel’s decision making. “Individual cases … Source: Claims Journal

MGM Resorts International sued the Federal Trade Commission to stop an investigation into how it dealt with a cybersecurity attack last year. The company said the investigation deprives it of its fundamental due process rights and that FTC Chair Lina … Source: Claims Journal

A former chiropractor was sentenced to 54 years in state prison and ordered to pay more than $23 million in fines for his role in orchestrating a massive workers’ compensation fraud scheme totaling $150 million. Peyman Heidary was convicted by … Source: Claims Journal

Hip-hop artist Drake has been dismissed from a lawsuit over the deadly 2021 Astroworld festival in Houston in which 10 people were killed, a judge has ruled. Drake was a special guest of rap superstar Travis Scott, who had headlined … Source: Claims Journal