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International, Domestic Insurers Push into Catastrophe-Hit US Property Markets

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International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits after some U.S. firms pulled out. Rising losses from storms, hurricanes and wildfires in recent years have caused some insurers, … Source: Claims Journal

Lithium-Ion Batteries – What are the Risks?

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Battery power is set to gradually replace diesel-fueled generators on many U.K. train routes as the rail industry seeks to cut greenhouse gas emissions and reduce toxic pollutants. Some locomotive manufacturers are reportedly trialing lithium-ion batteries, but there are concerns … Source: Claims Journal

Public Nuisance Claims Denied by Ohio Supreme Court in Opioid Case

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The Ohio Supreme Court ruled that the state’s product liability law prohibits counties from bringing public nuisance claims against national pharmaceutical chains as they did as part of national opioid litigation, a decision that could overturn a against the pharmacies. … Source: Claims Journal

Sedgwick Eyes Trends and Risks in 2025 Forecast

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Next year will bring more changes and risk to companies, including continually evolving work environments, product recalls, natural catastrophes, and risks from new technologies, according to a new report that looks the landscape for companies in 2025. Sedgwick’s Forecasting 2025 … Source: Claims Journal

California Commissioner Announces Regulation to Enable the Use of Modeling in Rates

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California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation that will allow carriers to use the models as a factor in setting and getting rates. The regulation is a … Source: Claims Journal

Texas Accuses Allstate-Owned Arity of Data Privacy Violations

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Texas Attorney General Ken Paxton has filed a notice of violation against Allstate-owned Arity, a mobile data company that collects drivers’ information, for breaching the Texas Data Privacy and Security Act (TDPSA). The Nov. 29 notice alleges Arity fails to … Source: Claims Journal

Consulting Firm McKinsey to Pay $650M to Resolve Criminal Opioid Probe

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McKinsey & Co. has agreed to pay $650 million to resolve a U.S. Department of Justice investigation into the consulting firm’s work advising opioid manufacturer OxyContin maker Purdue Pharma on how to boost sales. McKinsey has entered into a five-year … Source: Claims Journal

New York Considers Making Property Insurers Cover Taxi Claims Losses

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New York is considering asking propert/ casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure is one of several options under discussion as the state’s Department … Source: Claims Journal

Sony’s Bungie Video Game Unit Sued by Top Director Who Was Fired Earlier This Year

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A former top executive with Sony Group Corp.’s Bungie video-game studio sued his former employers, claiming they destroyed his reputation by insinuating he had engaged in sexual misconduct and fired him to avoid paying him the nearly $50 million he … Source: Claims Journal

Workers’ Comp Mega Claims Total $1B-Plus Yearly, Multiagency Study Shows

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Mega claims in workers’ compensation represent far less than 1% of total workers’ comp claims yet account for more than 2% of total loss dollars, and total in excess of $1 billion each year, a new study from 10 state … Source: Claims Journal