Archive for June 2024

Florida is in a state of emergency after downpours flooded Miami streets, soaked Fort Lauderdale with its rainiest June day ever, grounded hundreds of flights and forced officials to issue rare emergency flood warnings. And on Thursday more rain is … Source: Claims Journal

More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by Insurance Institute for Highway Safety showed on … Source: Claims Journal

Terraform Labs Pte. will pay $4.47 billion to resolve a US Securities and Exchange Commission lawsuit over the firm’s 2022 collapse, which wiped out $40 billion in investor assets and shook the cryptocurrency world. The SEC on Wednesday asked a … Source: Claims Journal

The National Highway Traffic Safety Administration said Wednesday it is seeking additional details about a series incidents that raise concerns about the performance of Alphabet’s Waymo self-driving vehicles. In May, the U.S. auto safety regulator opened an investigation after receiving … Source: Claims Journal

Fired SpaceX engineers have filed a lawsuit against Elon Musk for sexual harassment and retaliation in California state court, escalating their multifront legal battle with the billionaire chief executive and his aerospace company. “Musk knowingly and purposefully created an unwelcome … Source: Claims Journal

Multiple companies in the U.S. and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in cyber insurance claims, also showed an increasing … Source: Claims Journal

Claims services provider HDI Global SE promoted Krystyna Kouri to head of claims for the Canada branch. Kouri was previously working to help management in adjusting and insurance. She has more than 20 years of experience. She began her career … Source: Claims Journal

The U.S. Department of Health and Human Services (HHS) has agreed to allow UnitedHealth Group to notify people whose data was exposed during a hack on its Change Healthcare unit in February, the Wall Street Journal reported on Wednesday. The … Source: Claims Journal

Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover a specific loss, a survey by insurance brokerage Gallagher showed on Wednesday. Companies are … Source: Claims Journal

Wells Fargo & Co. faces a decision as soon as this month on whether a lawsuit over its pandemic-era mortgage denials to non-White applicants gets class-action status, a key turning point in a high-profile and potentially costly case. The bank, … Source: Claims Journal