Posts by Y@DminG

U.S. product recall activity remained elevated in the first quarter, a new report shows. Sedgwick’s latest U.S. recall report shows the volume of defective products recalled across five U.S. industries rose 27% quarter-over-quarter to 492 million units in the first … Source: Claims Journal

An Illinois man who suffered severe injuries to his hand and fingers in a dog attack received a $300,000 settlement, the law firm John J. Malm & Associates said. The man attacked by two pit bulls while taking his German … Source: Claims Journal

Google’s YouTube and Snap Inc. reached agreements to settle the first lawsuit headed to trial over claims that addiction to top social media platforms has disrupted learning and pushed public schools to spend massive sums fighting a mental health crisis, … Source: Claims Journal

California’s workers’ compensation system continues to experience moderate but persistent cost growth due to wage increases, labor market conditions, rising medical expenses and system complexity. Payments per claim in California’s workers’ comp system have risen steadily since 2021, according to … Source: Claims Journal

A massive 320-page class action complaint has the attention of the cannabis sector. The insurance professionals who underwrite it should also be paying close attention. The case, Murray et al. v. Cresco Labs Inc. et al., was filed on May … Source: Claims Journal

A federal judge on Thursday pressed lawyers for more information on several points of artificial intelligence company Anthropic’s proposed $1.5 billion settlement with authors who accused it of misusing their books to train its AI chatbot Claude. U.S. District Judge … Source: Claims Journal

NASHVILLE—The future of property/casualty insurance is here and it looks a lot like … a devoted personal assistant for the policyholder, one that moves at lightning speed and never complains or takes a day off. “You want your customer personalization … Source: Claims Journal

Claims for mild hybrid electric vehicles surged to record highs in North America, with year-over-year increases of 25% in the U.S. and 33% in Canada, a new report shows. Claims for MHEVs were up 5.69% in the U.S. and 5.28% … Source: Claims Journal

Claims for mild hybrid electric vehicles surged to record highs in North America, with year-over-year increases of 25% in the U.S. and 33% in Canada, a new report shows. Claims for MHEVs were up 5.69% in the U.S. and 5.28% … Source: Claims Journal

Insurance fraud is not a new problem. What has changed is the ease with which a fraudulent claim can be made to look legitimate. Tools that once required technical skill are now free and can be used by anyone in … Source: Claims Journal