Posts by Y@DminG

Billionaire Joe Gebbia, the co-founder of Airbnb Inc. and a board member of Elon Musk’s Tesla Inc., plans to donate $15 million of factory-built dwellings to victims of the Los Angeles wildfires. The pre-fabricated houses — made by Gebbia’s startup, … Source: Claims Journal

Claims handling continues to be one of the biggest sticking points in the insurance process, a new report shows. Complaints about the claims handling process appear to be on the rise. In 2024, nearly half of Americans who filed a … Source: Claims Journal

The U.S. Environmental Protection Agency said on Wednesday it has submitted the Biden administration’s approval of California’s landmark plan to end the sale of gasoline-only vehicles by 2035 to Congress for review and potential repeal. The decision by the new … Source: Claims Journal

Is a binder binding, even if the property owner never received the insurance policy? Yes, it is, the Alabama Supreme Court decided last week in a case that marks another win for insurers relying on binding arbitration agreements. When Francine … Source: Claims Journal

Xceedance acquired CIS Claim Services, the claims business of CIS Group. With the acquisition, Xceedance adds 155 team members. The acquisition also expands the Xceedance claims platform to include alternative dispute resolution, litigated claims management and a wider field adjuster … Source: Claims Journal

Nigeria has filed a lawsuit seeking to compel cryptocurrency exchange Binance to pay $79.5 billion for economic losses it says were caused by its operations in the country and $2 billion in back taxes, court documents showed on Wednesday. Authorities … Source: Claims Journal

Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600 million. Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the … Source: Claims Journal

More than 100 million people are facing frigid conditions across the eastern and central U.S., including the entire state of Texas, as an arctic blast threatens to break low-temperature records. Extreme cold has pushed deep into the central U.S. all … Source: Claims Journal

Mastercard Inc. unfairly reduced a £10 billion ($12.6 billion) class action case to a settlement of just £200 million, according to the firm that funded the lawsuit. The credit-card company “skillfully maneuvered” claimant Walter Merricks and his lawyers by offering … Source: Claims Journal

Uber Technologies has filed a lawsuit against DoorDash, accusing the online delivery firm of anticompetitive practices, leading to higher costs for both restaurants and customers. In a filing in California Superior Court in San Francisco on Friday, Uber accused DoorDash … Source: Claims Journal