Archive for May 2024

SCA Claim Services named Max Alwag as its quality assurance director. Alwag will lead a quality assurance team of licensed adjusters tasked with the review of claims. The team’s responsibilities include cycle time compression and loss cost reduction, prevention of … Source: Claims Journal

A 64% jump in ransomware claims in 2023 is driven by an explosion in “indirect” ransomware incidents, up over 415% in 2023, with remote access tools accounting for 58% of attacks. The year-over-year increases were seen among mid-market and emerging … Source: Claims Journal

A man injured when he was hit by a car while he was operating a low speed Segway electric scooter is not entitled to personal injury protection (PIP) benefits under New Jersey’s no-fault auto insurance law, the state’s Supreme Court … Source: Claims Journal

Volkswagen and a group representing car owners in Italy have reached an agreement worth more than 50 million euros ($54 million) to end a legal battle over the “dieselgate” emissions scandal, they said on Wednesday. In the settlement, over 60,000 … Source: Claims Journal

The longer the freight train, the greater the risk of derailment, new research from the Society for Risk Analysis shows. The study draws on the example of the February 2023, East Palestine, Ohio derailment, in which 38 cars from a … Source: Claims Journal

Executive Summary: With instances of violent unrest rising across the globe in recent years, property all-risk insurance programs bore significant losses. One reason is that sublimits for strikes, riots and civil commotion included on the programs were occurrence sublimits. The … Source: Claims Journal

Tesla Inc. must face a proposed class-action lawsuit alleging that it misled consumers about its cars’ self-driving capabilities, a fresh setback for the electric-car maker just as Chief Executive Officer Elon Musk has staked the company’s future on autonomy. Tesla … Source: Claims Journal

A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed its petroleum products exposed him to benzene that caused his cancer, according to his lawyers. The jury found that the … Source: Claims Journal

A new survey shows one-fifth of respondents admitted to intentionally providing incorrect information on an insurance application. NerdWallet and The Harris Poll conducted an online survey of more than 2,000 U.S. adults. It shows 21% have admitted to intentionally providing … Source: Claims Journal

General Motors Co.’s autonomous-car unit reached an $8 million to $12 million settlement with a pedestrian who was dragged by one of its vehicles in San Francisco, according to a person familiar with the situation. The settlement was struck earlier … Source: Claims Journal