Industry News
Unless Congress reaches a compromise on funding by midnight, there will be no budget and the government will shut down—sending out waves of implications that will disrupt the insurance industry, according to AM Best. “The potential government shutdown coincides with …
Via: Claims Journal
Ford Motor Co.’s leader warned of a bleak outlook for electric vehicles as President Donald Trump’s policies breathe new life into gas-powered cars. The elimination of a $7,500 consumer tax credit and softening of emissions rules will sharply curtail EV …
Via: Claims Journal
A hacker gained access to the FEMA’s computer networks for several months earlier this year and stole information about the agency and U.S. Customs and Border Protection employees.
Via: Claims Journal
Suspected Chinese hackers have breached email servers of foreign ministers as part of a years-long effort targeting the communications of diplomats around the world, according to researchers at the cybersecurity firm Palo Alto Networks Inc. Attackers accessed Microsoft Exchange email …
Via: Claims Journal
A public adjuster who pleaded guilty in March to defrauding Brotherhood Mutual Insurance Co. and a Georgia church out of millions of dollars has been sentenced to 19 years in prison. A federal judge in Georgia last week also ordered …
Via: Claims Journal
Two U.S. senators on Monday urged the country’s auto safety regulator to investigate reported failures of Tesla’s Full Self-Driving system to detect and safely respond to railroad crossings, citing risks of “catastrophic” collisions. The Full Self-Driving system, according to Tesla’s …
Via: Claims Journal
Recording artist John Falls finally should see more than $2 million from a Hanover American insurance policy in the long-simmering case of an historic Memphis recording studio that was damaged in an arson fire and resulted in the studio owner …
Via: Claims Journal
Two adjusters issue identical coverage denials on the same day. One fires off a form letter filled with policy jargon. The other picks up the phone first. Six months later, the first adjuster faces a bad faith lawsuit, a blind-sided …
Via: Claims Journal
A former Citigroup Inc. employee who allegedly said it was a “nightmare” to work with Indians during an job interview was dismissed lawfully, a London judge ruled throwing out all claims that she was discriminated against. Ann Watson, who worked …
Via: Claims Journal
Employers expect to see more employment-related claims within the next year, a new survey shows. QBE North America’s Employment Practices Liability Report, based on a survey of 200 legal and human resources professionals at organizations with annual revenues between $500 …
Via: Claims Journal