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Last Defendant in Indiana State Fair Stage Collapse Suit Dismissed

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A security company is the final defendant to be dismissed from a class action lawsuit filed by victims of the deadly 2011 Indiana State Fair stage collapse. Marion County Superior Court Judge Timothy Oakes granted ESG Security’s motion for summary … Source: Claims Journal

Banks Can Sue Target as Group Over Cyber Attack

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Hundreds of banks and credit unions can band together to pursue damages from Target Corp. over a 2013 hacking attack that compromised as many as 40 million payment cards. The ruling Tuesday by U.S. District Judge Paul Magnuson in St. … Source: Claims Journal

Coverage and Price Push Gen Y Homeowners Customers to Unbundle Policies

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Considered the largest customer segment of home buyers in the United States, Gen Y homeowner customers unbundle—or split—their product needs across multiple insurers at a higher rate than any other generational group, creating an opportunity for insurers, according to the … Source: Claims Journal

California Orthopedic Doctor Charged in $150M Insurance Fraud Scam

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An orthopedic surgeon was charged as the ringleader in one of the state’s biggest health fraud schemes, which included unnecessary operations by an untrained assistant that scarred patients forever, according to indictments unsealed Tuesday. Dr. Munir Uwaydah and 14 associates, … The post California Orthopedic Doctor Charged in $150M Insurance Fraud Scam appeared first on…

GM to Pay $900M in Criminal Settlement Over Faulty Ignition Switches

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General Motors Co agreed to pay $900 million and admit to misleading the government and the public about the safety of its vehicles to end a U.S. criminal investigation into its handling of defective ignition switches linked to 124 deaths. … The post GM to Pay $900M in Criminal Settlement Over Faulty Ignition Switches appeared…

California’s Continuous Fire Season Exhausts Firefighters

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The damage from California’s fast-spreading wildfires is usually expressed in acres destroyed, homes razed or people killed. But for the firefighters, a mental and physical toll is mounting just as fast. Currently in the fourth year of a devastating drought, … The post California’s Continuous Fire Season Exhausts Firefighters appeared first on Claims Journal. Source:…

KPMG Survey: When it Comes to Innovation, Insurers Still Lag

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While insurance executives overwhelmingly know that innovation will drive future competitive advantage and growth, most seem to be struggling to kindle the spark within their organization, according to a newly released KPMG International report. Based on a survey of 280 … The post KPMG Survey: When it Comes to Innovation, Insurers Still Lag appeared first…

New York to Test Vehicle Communication Safety Devices

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The city will be the main testing ground for a smart device installed in vehicles to warn motorists of impending dangers and congestion, the U.S. secretary of transportation announced Monday. Secretary Anthony Foxx said New York will receive up to … The post New York to Test Vehicle Communication Safety Devices appeared first on Claims…

Cyber-Extortionists Target Financial Sector, Demand Ransom in Bitcoin

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A cybercriminal group going by the name “DD4BC” is blackmailing financial institutions, threatening to take down their customer websites unless they pay a hefty bitcoin ransom. DD4BC – which stands for “DDoS for Bitcoin” (Distributed Denial of Service for Bitcoin) … The post Cyber-Extortionists Target Financial Sector, Demand Ransom in Bitcoin appeared first on Claims…

Esurance, MLB Partner on New Digital Awards Series

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Esurance and Major League Baseball are establishing a new awards series that will hand out 24 prizes including best major leaguer, fan catch and social media post. The first-of-its-kind series adds content for MLB’s media properties while catering to its … The post Esurance, MLB Partner on New Digital Awards Series appeared first on Claims…