Industry News
Search crews slogged through thick mud and debris Tuesday in central Texas, where more than 100 people are confirmed dead after catastrophic flooding.
Via: Claims Journal
The U.S. Securities and Exchange Commission and software company SolarWinds Corp. have reached a settlement, ending a federal lawsuit that alleged investor fraud and known cybersecurity vulnerabilities. Early this month the SEC and SolarWinds jointly filed to stay the case, …
Via: Claims Journal
The highest rates of contradictory evidence that led to insurance fraud found online were disability, workers’ compensation and auto lines, a new report shows. A report out this week from Carpe Data shows 8.9% of disability claimants were found to …
Via: Claims Journal
Los Gatos, California-based ServiceUp has raised $55 million in Series B funding, bringing the company’s total funding to date to $70 million. The round was led by PeakSpan Capital, with participation from existing investors Hearst Ventures, Trestle Partners, Capital Midwest …
Via: Claims Journal
Progressive Insurance will not have to face two class actions by Pennsylvania insureds alleging that the insurer systematically underestimated the actual cash value (ACV) of their totaled vehicles and thus breached its insurance agreements with them under state law. The …
Via: Claims Journal
British businesses should be legally required to report material cyberattacks to the authorities, the chairman of retailer Marks & Spencer said on Tuesday, claiming two recent major attacks on large U.K. firms had gone unreported. Giving evidence to lawmakers on …
Via: Claims Journal
Alphabet Inc.’s Waymo is launching a new account type that lets teenagers hail a robotaxi and ride alone, expanding its rider base while continuing to test its service in more U.S. cities. Teens from 14 to 17 can have a …
Via: Claims Journal
The Brazilian fintech company XP filed a U.S. lawsuit on Monday accusing the short seller Grizzly Research of defamation over a March 12 report accusing XP of running a “Madoff-like Ponzi scheme.” In a complaint filed in federal court in …
Via: Claims Journal
UBS must face two lawsuits by investors who said the former Credit Suisse defrauded them prior to its March 2023 demise with false and misleading statements about its financial condition, a U.S. judge ruled on Monday. U.S. District Judge Colleen …
Via: Claims Journal
The cyberattack that derailed Marks and Spencer Group Plc’s operations for weeks was the result of a “sophisticated impersonation” of one of the retailer’s third-party users, according to Chairman Archie Norman. The hackers entered M&S’s systems on April 17 and …
Via: Claims Journal