Industry News
Bad faith litigation has long posed both legal and reputational risks for insurers operating in Florida. With the enactment in 2023 of House Bill 837—a sweeping tort-reform measure—there are important changes to how insurers and their claims professionals must approach …
Via: Claims Journal
A string of recent cyberattacks and data breaches involving the systems of major retailers have started affecting shoppers. United Natural Foods, a wholesale distributor that supplies Whole Foods and other grocers, said this week that a breach of its systems …
Via: Claims Journal
Ford Motor Co.is struggling with supplies of rare earth magnets, the automaker’s CEO Jim Farley told Bloomberg News in an interview on Friday. China, which controls more than 90% of global rare earth processing capacity, imposed new export licensing rules …
Via: Claims Journal
A federal judge in Chicago on Thursday refused to allow the U.S. Consumer Financial Protection Bureau to vacate a racial discrimination settlement reached last year with a mortgage lender, finding there was no basis for granting an extraordinary request. The …
Via: Claims Journal
College basketball turned heads in March. Now, we're have the final rounds of Verisk's emerging issues bracket that could hold the attention of insurance pros for years to come.
Via: Claims Journal
Google sued Chile-based LATAM Airlines in U.S. federal court on Thursday, seeking a declaration that Brazilian courts cannot force the tech giant to take down a YouTube video in the U.S. that accused a LATAM employee of sexually abusing a …
Via: Claims Journal
President Donald Trump’s plan to begin “phasing out” the federal agency that responds to disasters after the 2025 hurricane season is likely to put more responsibilities on states to provide services following increasingly frequent and expensive climate disasters, experts said. …
Via: Claims Journal
Awareness of the need for greater home safety is on the rise, but many U.S. homeowners are still vulnerable to risks like water damage, wind, hail, and fire, according to a new report from The Hanover Insurance Group. Many homeowners …
Via: Claims Journal
California Insurance Commissioner Ricardo Lara on Thursday said he has launched a formal investigation into State Farm’s handling of thousands of insurance claims from wildfire survivors affected by the Palisades and Eaton wildfires in January. The California Department of Insurance …
Via: Claims Journal
A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state’s 2035 electric vehicle rules and heavy duty truck requirements. U.S. President Donald Trump on Thursday signed three resolutions approved by …
Via: Claims Journal