Archive for April 2024

Georgia lawmakers have approved two bills that could have a significant impact on windstorm and bad-faith claim losses for property insurers. First, the bad-faith reform legislation. Auto insurers have for years fought for changes to Georgia’s auto claims-handling statutes, after … Source: Claims Journal

Toyota Motor Corp. and Honda Motor Co. notched big US sales gains and General Motors Co. grew retail deliveries to start the year as demand for lower-priced models help automakers defy expectations for a broad slowdown. Toyota said Tuesday that … Source: Claims Journal

The crypto sector suffered one of its biggest security incidents this year after a hacker swiped $63 million from a blockchain-based game. The game, Munchables, confirmed the incident in a post on X on Wednesday and said it would try … Source: Claims Journal

After spiking premiums, nonrenewals and complaints about unpaid claims, more than 115,000 property owners in southwest Florida are now facing a new slap in the face after 2022’s Hurricane Ian: 25% higher flood insurance rates because local officials reportedly allowed … Source: Claims Journal

Storms and tornadoes are in the forecast for states across the Midwest in the US, with further weather warnings and advisories stretching further east. There is a moderate risk of severe thunderstorms — which could bring hail, tornadoes, and straight-line … Source: Claims Journal

In September, Hyundai and Kia issued a recall of 3.4 million of its vehicles in the United States with an ominous warning: The vehicles should be parked outdoors and away from buildings because they risked catching fire, whether the engines … Source: Claims Journal

The owner of the ship that rammed into a bridge in Baltimore last week, killing six workers and throwing the eastern US transportation network into chaos, is seeking to limit its liability to about $43.7 million. The company, Grace Ocean, … Source: Claims Journal

Google said it would delete millions of records of users’ browsing activities as part of a settlement of a class-action lawsuit that alleged it tracked people without their knowledge. The case, filed in 2020, alleged the Alphabet Inc. unit surreptitiously … Source: Claims Journal

Workers’ compensation patients had a higher prevalence of psychosocial risk factors than private insurance patients, and a stronger association between psychosocial risk factors and functional outcomes, a new study shows. The study from the Workers Compensation Research Institute found that … Source: Claims Journal

A company that bought property for a group of tech billionaires trying to build a sustainable city in northern California won a ruling advancing its lawsuit that accused landowners in the project’s target area of a conspiracy to drive up … Source: Claims Journal