Posts by Y@DminG

The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S. Home Trends Report found that all-perils … Source: Claims Journal

More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in Florida this month. Tampa-based Heritage Insurance Holdings said in a preliminary statement that about two weeks after Milton made landfall … Source: Claims Journal

Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel. A fuel leak in the presence of an ignition source could increase the risk of a fire, the automaker told … Source: Claims Journal

There’s not only a broadening divide between the ideologies of Democrats and Republicans, but there seems to be quite a difference in how much they spend on insurance premiums. Red, blue and swing states differ when it comes to annual … Source: Claims Journal

Corporate giants Goldman Sachs and Apple will pay $89 million for violations of consumer protection laws in their joint credit card business that affected hundreds of thousands of people, the U.S. Consumer Financial Protection Bureau announced Wednesday. In a partnership … Source: Claims Journal

McDonald’s Corp. is trying to contain the fallout from a severe E. coli outbreak that appears to be linked to the slivered onions in its popular Quarter Pounder sandwiches. The U.S. Centers for Disease Control and Prevention on Tuesday announced … Source: Claims Journal

A new study found a strong association between handheld cellphone use and risky driving behaviors among newly licensed teenage drivers. The study was conducted by a group of researchers led by Penn Nursing and Perelman School of Medicine and funded … Source: Claims Journal

BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil’s worst environmental disaster were “far-fetched and unjustified,” as the miner opened its defense to a mammoth lawsuit at London’s High Court. More than 600,000 Brazilians, … Source: Claims Journal

American Airlines Group Inc. agreed to a $50 million civil penalty to resolve claims by the Biden administration that the carrier violated US rules protecting airline passengers with disabilities. A U.S. Transportation Department investigation found that American damaged or delayed … Source: Claims Journal

A federal appeals court has underscored the high bar that expert witnesses must meet before a court can connect the dots between exposure and illness, a ruling that could have an impact on insurance claims and toxic tort litigation. In … Source: Claims Journal