Archive for March 2025

Liberty Mutual owes approximately $4 million to about 138,000 Louisiana policyholders after overcharging the Louisiana Property Insurance Corporation Emergency Assessment for the past four years, Insurance Commissioner Tim Temple said. Temple said the Louisiana Department of Insurance received a consumer … Source: Claims Journal

Bayer AG is seeking shareholder authorization to raise billions of euros through a capital increase in case it needs to quickly resolve its U.S. legal troubles, causing the stock price to plummet. The German company will seek approval at its … Source: Claims Journal

The U.S. on Wednesday announced indictments against a slew of alleged Chinese hackers, sanctioned a Chinese tech company and offered a $10 million bounty over what Washington called a years-long spy campaign that stole information from victims across America and … Source: Claims Journal

Analysts at AM Best warned that the planned imposition of U.S. tariffs on imports from Canada and Mexico, along with increased tariffs on China, will have a negative effect on the insurance industry—particularly impacting the U.S. homeowners’ and auto lines … Source: Claims Journal

The use of artificial intelligence has been significantly booming over the last few years in the insurance world, but for the people at Lemonade, artificial intelligence has been a mainstay in automating claims and processes since its inception in 2015. … Source: Claims Journal

President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as USMCA from his 25% tariffs, offering major reprieves to the U.S.’s two largest trading partners. Trump signed orders Thursday paring back the tariffs, … Source: Claims Journal

Airlines are turning to a network of third parties to pay fees to Afghan authorities as more planes use the country’s airspace, increasing the risk of legal disputes and money laundering, according to pilots, aviation executives and lawyers. In the … Source: Claims Journal

Attorneys seeking approval of the $2.8 billion legal settlement for college sports pointed to nearly 102,000 athletes who signed up to receive damages from the action, while batting down objections to what they described as the “intergalactic paradigm shift” the … Source: Claims Journal

President Donald Trump said he will exempt Mexico from his new 25% tariffs on any goods and services that fall under the North American trade agreement known as USMCA, offering a reprieve for a major U.S. trading partner. “This Agreement … Source: Claims Journal

Berkeley Research Group suffered a cyberattack last week, according to people with knowledge of the matter, just as banks have been looking to wrap up a debt sale that would finance the consulting firm’s buyout by Towerbrook Capital Partners. The … Source: Claims Journal