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

Federal firefighters have found their jobs on the chopping block as a result of U.S. President Donald Trump’s executive orders, with a hiring freeze simultaneously blocking reinforcements in the aftermath of the Los Angeles wildfires and ahead of the upcoming … Source: Claims Journal

U.S. personal injury law firm Morgan & Morgan sent an urgent email this month to its more than 1,000 lawyers: Artificial intelligence can invent fake case law, and using made-up information in a court filing could get you fired. A … Source: Claims Journal

Sedgwick completed a strategic reorganization of its U.S. sales team designed to create a national and regional framework aimed at optimizing operations and delivering personalized solutions. Brad Krauss was promoted to executive vice president, head of casualty and specialty business … Source: Claims Journal

Auto and property insurance shopping experienced 20% year-over-year increases in the fourth quarter of 2024, a new report shows. TransUnion’s quarterly insurance trend and perspective report also shows profitability for auto and homeowners insurers was uneven. Property insurers are struggling … Source: Claims Journal