Archive for September 2024
Hurricane Francine Losses Expected to be Manageable for Insurers
Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst of the storm’s damage. Privately insured loss from Hurricane Francine are estimated to be close to $1.5 billion, catastrophe modeler … Source: Claims Journal
Read MoreHawaii Probe Finds No Single Factor Led to Maui Wildfire Losses
No single factor led a fire in the seaside Hawaiian town of Lahaina last year to rage out of control and kill 102 people, according to a state report that assesses the government’s response to the disaster but not its … Source: Claims Journal
Read MoreFormer UPS Driver Wins $238 Million Verdict in Suit Over Firing
A Black UPS driver won a $237.6 million jury verdict in a case in which he alleged he’d been discriminated against and subject to a hostile work environment before being fired. The verdict, rendered Thursday in the US District Court … Source: Claims Journal
Read More23andMe Settles Data Breach Lawsuit for $30 Million
23andMe will pay $30 million and provide three years of security monitoring to settle a lawsuit accusing the genetics testing company of failing to protect the privacy of 6.9 million customers whose personal information was exposed in a data breach … Source: Claims Journal
Read MoreSurvey: People Open to Higher Premiums to Subsidize Higher-Risk Individuals—Sometimes
A surprising percentage of people are open to paying higher insurance premiums to subsidize higher-risk individuals, but only when they believe a risk is outside of a policyholder’s control. A survey of U.S. adults, conducted by think tank RAND, sought … Source: Claims Journal
Read MoreCrawford & Company Names Donnelly Specialty Head
Crawford & Company named Matt Donnelly head of Specialty Loss Adjusting. Donnelly is Crawford Australia’s Head of Global Technical Services, the loss adjusting division focused on large and complex property losses. The change has Donnelly expanding his remit to lead … Source: Claims Journal
Read MoreWalgreens Paying $106.8 Million to Settle Prescription Billing Fraud Charges
Walgreens Boots Alliance agreed to pay $106.8 million to settle charges it fraudulently billed the U.S. government for prescriptions that were never dispensed, the Department of Justice said on Friday. The Justice Department said Walgreens violated the federal False Claims … Source: Claims Journal
Read MoreNetflix’s ‘Squid Game’ Is Rip-Off of 2009 Film, Lawsuit Says
Netflix Inc. was accused by an Indian filmmaker of copying his 2009 movie for its popular Squid Game series as the company prepares to release the second season of the show later this year. The filmmaker, Soham Shah, sued Netflix … Source: Claims Journal
Read MoreA Continent Ablaze: South America Surpasses Record for Fires
South America is being ravaged by fire from Brazil’s Amazon rainforest through the world’s largest wetlands to dry forests in Bolivia, breaking a previous record for the number of blazes seen in a year up to Sept. 11. Satellite data … Source: Claims Journal
Read MoreCooler Weather Helping Fight Large Southern California Wildfire
Cooler weather is aiding the fight against a large Southern California wildfire, one of three large fires in the region. The Bridge Fire exploded in size on Tuesday, forcing evacuations in the communities of Wrightwood and Pinion Hills. Authorities also … Source: Claims Journal
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