Posts by Y@DminG

You’d have to roll back the calendar a few decades to find a time when competitive moves by the nation’s biggest auto and home insurer were described with the phrase, “The big dog is off the porch.” Still, against the … Source: Claims Journal

The Insurance Industry Charitable Foundation named LoriAnn V. Lowery-Biggers CEO. Lowery-Biggers will be responsible for overseeing IICF’s overall operations and strategic direction. She will report to the IICF Board of Governors. Lowery-Biggers has more than 30 years of experience. She … Source: Claims Journal

Iran has started a Bitcoin-backed insurance service for Iranian shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from the country’s Ministry of Economy and Financial Affairs. According to a … Source: Claims Journal

More than 34,000 homes and businesses remain without power across PG&E Corp.’s service area after a weekend outage due in part to dry and windy conditions that raised the risk of wild fires. There were 659 outages impacting 34,322 customers … Source: Claims Journal

More than half of pilots killed in U.S. civil aviation accidents between 2018 and 2022 tested positive for at least one drug, the U.S. National Transportation Safety Board said in a report published Thursday. Of the 984 pilots who died … Source: Claims Journal

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