Archive for January 2025

Sedgwick announced new leadership in Japan and Taiwan. In Japan, Shuji Tanaka has been appointed CEO for operations in the country, and Takeshi Nagao, who currently serves as managing director, will remain with Sedgwick and transition to the role of … Source: Claims Journal

The Winklevoss twins’ Gemini Trust Co. cryptocurrency exchange agreed to pay $5 million to end a Commodity Futures Trading Commission lawsuit claiming it misled the derivatives regulator in a bid to launch the first US-regulated Bitcoin futures contract. The proposed … Source: Claims Journal

Exceptionally powerful, dry winds expected across Southern California this week are set to send wildfire risk skyrocketing in a region that’s endured more than eight months without significant rain. Forecasters predict the strongest Santa Ana wind event of the season … Source: Claims Journal

The Consumer Financial Protection Bureau has sued Walmart and work scheduling platform Branch Messenger for allegedly forcing delivery drivers that are part of the discounter’s gig program to use costly deposit accounts to get paid and mispresented how they could … Source: Claims Journal

Airlines in the United States canceled more than 1,300 flights on Monday after a winter storm brought snow, ice and freezing temperatures to a broad swath of the country. A total of 1,306 flights were canceled and 414 flights were … Source: Claims Journal

Boeing Co. and U.S. prosecutors said they’re working to hammer out a new deal to settle a criminal case stemming from two fatal 737 Max crashes after a federal judge blocked an earlier plan because it included race as a … Source: Claims Journal

PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. The complaint by … Source: Claims Journal

Professional meteorology, as it relates to insurance claims handling and the litigation process, is becoming increasingly recognized, and the employment of meteorologists within the insurance industry is growing. But what does meteorology have to do with storm damage insurance claims? … Source: Claims Journal

Colorado Gov. Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workers’ compensation carrier of last resort to help it make more money and plug government budget holes. The big idea is that pulling up … Source: Claims Journal

The U.S. Treasury Department sanctioned Chinese cybersecurity firm Integrity Technology Group for its alleged role in a state-sponsored botnet attack known as Flax Typhoon. Integrity Technology, which is traded on the Shanghai Stock Exchange, was involved in “multiple computer intrusion … Source: Claims Journal