Posts by Y@DminG

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

When smoke rapidly engulfed his home in Oregon, retired firefighter Fred Cuozzo rushed away in his pickup truck and nearly died from swerving around flames. All but one structure on his rural 16-acre lot was destroyed by the 2020 fire. … Source: Claims Journal

State Farm Mutual Automobile Insurance Co. will pay a $5 billion cash dividend to its auto-insurance customers after posting strong underwriting profits. The payments average $100 per vehicle, State Farm said in a statement. It’s the largest dividend in the … Source: Claims Journal

The former competition director of Joe Gibbs Racing claimed the Pro Football Hall of Fame coach is suing him for “daring to leave” the NASCAR team when the situation surrounding Gibbs’ grandson became untenable at the organization. Chris Gabehart admitted … Source: Claims Journal

Stellantis NV is considering tapping electric-vehicle technology from its Chinese partner Leapmotor to help lower costs across its mass-market European brands such as Fiat, Opel and Peugeot, according to people familiar with the plans. The manufacturer is weighing an expansion … Source: Claims Journal