Archive for July 2025

The highest rates of contradictory evidence that led to insurance fraud found online were disability, workers’ compensation and auto lines, a new report shows. A report out this week from Carpe Data shows 8.9% of disability claimants were found to … Source: Claims Journal

Los Gatos, California-based ServiceUp has raised $55 million in Series B funding, bringing the company’s total funding to date to $70 million. The round was led by PeakSpan Capital, with participation from existing investors Hearst Ventures, Trestle Partners, Capital Midwest … Source: Claims Journal

Alphabet Inc.’s Waymo is launching a new account type that lets teenagers hail a robotaxi and ride alone, expanding its rider base while continuing to test its service in more U.S. cities. Teens from 14 to 17 can have a … Source: Claims Journal

British businesses should be legally required to report material cyberattacks to the authorities, the chairman of retailer Marks & Spencer said on Tuesday, claiming two recent major attacks on large U.K. firms had gone unreported. Giving evidence to lawmakers on … Source: Claims Journal

Progressive Insurance will not have to face two class actions by Pennsylvania insureds alleging that the insurer systematically underestimated the actual cash value (ACV) of their totaled vehicles and thus breached its insurance agreements with them under state law. The … Source: Claims Journal

The Brazilian fintech company XP filed a U.S. lawsuit on Monday accusing the short seller Grizzly Research of defamation over a March 12 report accusing XP of running a “Madoff-like Ponzi scheme.” In a complaint filed in federal court in … Source: Claims Journal

UBS must face two lawsuits by investors who said the former Credit Suisse defrauded them prior to its March 2023 demise with false and misleading statements about its financial condition, a U.S. judge ruled on Monday. U.S. District Judge Colleen … Source: Claims Journal

The cyberattack that derailed Marks and Spencer Group Plc’s operations for weeks was the result of a “sophisticated impersonation” of one of the retailer’s third-party users, according to Chairman Archie Norman. The hackers entered M&S’s systems on April 17 and … Source: Claims Journal

Epic Games Inc. settled its antitrust case against Samsung Electronics Co. that alleged the company was conspiring with Alphabet Inc.’s Google to block rival app marketplaces through default settings on mobile devices sold by the electronics giant. In a brief … Source: Claims Journal

State Farm has long positioned itself as the dependable “good neighbor” ready to help when disaster strikes. Through carefully crafted advertising, the company promotes a sense of comfort, security, and connection. Images of helpful agents arriving with a smile and … Source: Claims Journal