Archive for October 2024

American Airlines Group Inc. agreed to a $50 million civil penalty to resolve claims by the Biden administration that the carrier violated US rules protecting airline passengers with disabilities. A U.S. Transportation Department investigation found that American damaged or delayed … Source: Claims Journal

A federal appeals court has underscored the high bar that expert witnesses must meet before a court can connect the dots between exposure and illness, a ruling that could have an impact on insurance claims and toxic tort litigation. In … Source: Claims Journal

A new report shows a large year-over-year increase in cargo theft incidents and evolving organized crime tactics. A CargoNet analysis of cargo theft trends for the third quarter of 2024 shows 776 cargo theft events across the U.S. and Canada … Source: Claims Journal

Four hacked companies will pay a total of almost $7 million to settle U.S. Securities and Exchange Commission allegations that they downplayed the significance of the cyberattacks, the latest fallout from the massive SolarWinds Corp. breach. Unisys Corp., Avaya Holdings … Source: Claims Journal

Walmart will pay $7.5 million to resolve charges that the largest U.S. retailer illegally disposed of hazardous and medical waste from its facilities into California municipal landfills. The settlement was announced on Tuesday by California Attorney General Rob Bonta, following … Source: Claims Journal

An agreement by Vale, BHP and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits against the mining companies in the South … Source: Claims Journal

Cyber claims are continuing their upwards trend over the past year, with the frequency and severity of large cyber claims up 14% and 17% year-over-year in the first half of 2024. Allianz Commercial’s annual cyber risk outlook also shows that … Source: Claims Journal

The National Oceanic and Atmospheric Administration’s Climate Prediction Center says there is a 60% chance that a weak La Niña event will develop this autumn and could last until March. La Niña is part of a natural climate cycle that … Source: Claims Journal

Almost two weeks after Hurricane Milton made landfall near Sarasota, Florida, as a Category 3 storm, claims and loss totals continue to rise. As of Oct. 21, the Florida Office of Insurance Regulation said carriers had reported more than 221,582 … Source: Claims Journal

After at least three appeals court decisions in the last four years, homeowner lawsuits that take issue with a Florida insurance carrier’s managed repair program may finally have run their course. “It really should” be a nail in the coffin … Source: Claims Journal