Archive for October 2024

The sex-for-investment scandal that swiftly deposed Australian tech billionaire Richard White is just the latest corporate calamity in a country fast losing its reputation as a tightly-regulated market with strict governance standards. More than A$7.7 billion ($5.1 billion) of market … Source: Claims Journal

A California Workers’ Compensation Institute analysis opioid prescription data between 2017 and 2023 from the California Department of Justice’s Controlled Substance Utilization Review and Evaluation System builds on prior CWCI studies by tracking multiple opioid utilization metrics. The study examines … Source: Claims Journal

The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S. Home Trends Report found that all-perils … Source: Claims Journal

More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in Florida this month. Tampa-based Heritage Insurance Holdings said in a preliminary statement that about two weeks after Milton made landfall … Source: Claims Journal

Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel. A fuel leak in the presence of an ignition source could increase the risk of a fire, the automaker told … Source: Claims Journal

There’s not only a broadening divide between the ideologies of Democrats and Republicans, but there seems to be quite a difference in how much they spend on insurance premiums. Red, blue and swing states differ when it comes to annual … Source: Claims Journal

Corporate giants Goldman Sachs and Apple will pay $89 million for violations of consumer protection laws in their joint credit card business that affected hundreds of thousands of people, the U.S. Consumer Financial Protection Bureau announced Wednesday. In a partnership … Source: Claims Journal

McDonald’s Corp. is trying to contain the fallout from a severe E. coli outbreak that appears to be linked to the slivered onions in its popular Quarter Pounder sandwiches. The U.S. Centers for Disease Control and Prevention on Tuesday announced … Source: Claims Journal

A new study found a strong association between handheld cellphone use and risky driving behaviors among newly licensed teenage drivers. The study was conducted by a group of researchers led by Penn Nursing and Perelman School of Medicine and funded … Source: Claims Journal

BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil’s worst environmental disaster were “far-fetched and unjustified,” as the miner opened its defense to a mammoth lawsuit at London’s High Court. More than 600,000 Brazilians, … Source: Claims Journal