Posts by Y@DminG

Insurtech Lemonade reported a second quarter 2025 net loss of about $44 million compared with a loss of $57.2 million a year ago during the same time. Though still a loss, it was a 23% improvement from the prior year, … Source: Claims Journal

The Missouri Department of Commerce and Insurance reported that severe weather has already caused nearly $1.6 billion in damage throughout the state this year. “The insurance industry continues to respond and assist Missourians as they rebuild and repair their property,” … Source: Claims Journal

Prudential Financial reached a $100 million settlement to resolve U.S. Federal Trade Commission civil charges that its Assurance IQ unit misled consumers into buying healthcare plans that did not provide the promised coverage. A settlement with Assurance, which Prudential shut … Source: Claims Journal

Three months after a U.S. senator chastized Allstate for its response to a Georgia woman’s storm claim, Allstate has paid more than 10 times its initial payout on the claim, U.S. Sen. Josh Hawley said. “Allstate has finally agreed to … Source: Claims Journal

A retired federal judge will help decide the fate of thousands of Johnson & Johnson baby powder cancer lawsuits even though her law firm represents the drugmaker in other matters. Freda Wolfson was appointed earlier this summer to re-examine how … Source: Claims Journal

Global miners BHP Group and Vale have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil’s worst-ever environmental disasters, the Financial Times reported on Thursday. The lawsuit stems from the … Source: Claims Journal

Many homeowners underestimate their flood risk, leaving millions uninsured or underinsured in the face of a rising tide of flood events. A 2025 study from the Federal Reserve Bank of Philadelphia found 70% of annual flood losses remain uninsured, amounting … Source: Claims Journal

The U.S. safety regulator investigating the suite of features Tesla Inc. markets as Full Self-Driving has sought to test the carmaker’s recently launched driverless-taxi service, a sign of the close tabs authorities are keeping on the technology. The National Highway … Source: Claims Journal

Zurich Insurance Group AG posted a 6% gain in profit for the first half of 2025 as the insurer shook off losses from the California wildfires at the start of the year. Group operating profit rose to a record $4.22 … Source: Claims Journal

A new version of a classic muscle car sits well on top of the list of the nation’s most stolen vehicles. The Chevrolet Camaro ZL1 is America’s most-stolen vehicle, according to the Highway Loss Data Institute. Related: We Have Entered … Source: Claims Journal