Posts by Y@DminG

Purdue Pharma is close to a new bankruptcy settlement with its owners, members of the wealthy Sackler family, and state and local governments that have filed lawsuits alleging that its painkiller OxyContin spurred a deadly opioid-addiction crisis in the U.S., … Source: Claims Journal

Los Angeles County has sued beverage makers PepsiCo and Coca-Cola, accusing them of polluting the most populous U.S. county with plastic bottles and misleading the public about the environmental impact and recyclability of their containers. The county in a lawsuit … Source: Claims Journal

Auto insurers have been fighting rising costs and longer repair cycle times since the pandemic, but some relief is in sight for one of those trends. The J.D. Power 2024 U.S. Auto Claims Satisfaction Study released this week shows that … Source: Claims Journal

Most homeowners are worried about the impact of natural disasters and climate change, a new survey shows. A survey from U.S. News & World Report shows 61% worry about climate change and the impact of natural disasters to their home … Source: Claims Journal

Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago. The Northbrook, Illinois-based insurer recorded an improvement in … Source: Claims Journal

Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims. The Tennessee Department of Commerce and Insurance reminded insurance carriers that they must … Source: Claims Journal

Shipbuilder HII has settled claims against General Electric Co. that one of its units produced faulty propulsion gears for the USS Gerald R. Ford, the US’s costliest warship, that hobbled the vessel eight months after it was delivered, the companies … Source: Claims Journal

At New Century Motorcycles in Alhambra, a handful of electric motorcycles are relegated to the back of the store, tucked behind the dirt bikes. The store sells one a month, at most, a salesperson said. Motorcyclists have long loved their … Source: Claims Journal

Drive along any stretch of highway and you’ll see widespread advertising by billboard attorneys encouraging consumers to hire a lawyer to settle an auto accident claim. But this leads to higher costs of auto insurance across the U.S., according to … Source: Claims Journal

The COVID-19 pandemic brought on significant change to the cyber insurance industry that spans all disciplines. We experienced the widespread remote work environment, which introduced an onslaught of ransomware claims by threat actor groups as they recognized the opportunity to … Source: Claims Journal