Archive for May 2025

The U.S. Department of Justice sued top health insurance companies and brokers alleging they used illegal kickbacks to steer members into certain private Medicare Advantage plans. The complaint names units of CVS Health Corp., Elevance Health Inc. and Humana Inc., … Source: Claims Journal

London department store Harrods said on Thursday hackers had attempted to break into its systems, the third high-profile cyber-attack on a U.K. retailer in two weeks, following incidents at Marks & Spencer and the Co-op Group. British companies, public bodies … Source: Claims Journal

Norfolk Southern began making promises to East Palestine, Ohio, soon after its train derailed and caught fire in February 2023. The railroad said it would “make it right” after five tank cars of vinyl chloride were intentionally burned, sending up … Source: Claims Journal

A Michigan-based economic consulting group said on Thursday that automakers will still face a $2,000 to $12,000 tariff impact per vehicle despite the White House moving to soften trade levies on imported auto parts. Anderson Economic Group said U.S. assembled … Source: Claims Journal

Republicans moved a step closer Thursday to repealing a federal waiver allowing California to ban gasoline-powered cars by 2035, a policy that had drawn opposition from automakers, fuel producers and President Donald Trump himself. The U.S. House voted 246-164 to … Source: Claims Journal

Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due to a record $3.3 billion of gross catastrophe losses. The gross loss was partially offset by $1.1 billion of reinsurance … Source: Claims Journal

The probe into the deadly Southern California Eaton fire is likely to take a year or more as authorities examine Edison International’s utility equipment as the possible cause. Source: Claims Journal

Spain’s grid operator denied on Wednesday dependence on solar power was to blame for the country’s worst blackout, while Prime Minister Pedro Sanchez came under increasing pressure to explain what went wrong. With life returning to normal after a power … Source: Claims Journal

There may be some positive among the uncertain economic news as of late for families looking for a vehicle for their teenage driver. There are numerous safe, yet affordable vehicles that can be found if one shops around. The Insurance … Source: Claims Journal

Los Angeles County officials this week approved a $4 billion payout to settle nearly 7,000 claims of sexual abuse in juvenile facilities since 1959. The agreement reached on April 4 far surpasses a $2.6 billion settlement reached in 2022 with … Source: Claims Journal