Archive for March 2026

JPMorgan Chase, Barclays and Fifth Third have been sued by investors who suffered losses on securities issued by now-bankrupt subprime auto lender Tricolor, and accused the banks of missing “giant red flags” when fraudulently marketing the debt. In a complaint … Source: Claims Journal

Gallagher Bassett named Saugata Chatterjee chief information officer. Saugata will lead Gallagher Bassett’s technology strategy and architecture. Russ Pass, former chief information officer and current executive vice president, will now focus on the claims experience as chief operating officer for … Source: Claims Journal

Carriers across North America are reporting higher claims complexity and rising costs as medical inflation, litigation behavior and emerging AI‑enabled fraud reshape the claims environment, a new report shows. According to Gallagher Bassett’s 2026 Carrier Report, 64% of North American … Source: Claims Journal

A rare outbreak of infant botulism that sickened dozens of babies who drank recalled ByHeart formula is over, with no new cases reported since mid-December, the U.S. Centers for Disease Control and Prevention said last week. In all, 48 babies … Source: Claims Journal

Multiple efforts by Live Nation Entertainment Inc. to settle a federal antitrust lawsuit seeking to break up the company have been rebuffed by government lawyers for now, leaving the case on track to go to trial next week. Live Nation … Source: Claims Journal

Chinese electric vehicle maker Xiaomi said on Friday that it will set up a committee of advisers to assess the safety of its cars, as it moves to combat rising criticism over a recent spate of accidents. The company also … Source: Claims Journal