Posts by Y@DminG
Louisiana Contractor Charged for Allegedly Damaging Homeowners’ Roof
On an early August morning, a roofing contractor arrived at a Lafayette, Louisiana couple’s house and requested permission to inspect the home’s roof. The roofer’s arrival wasn’t unexpected. The couple, who go by Jordan and Sarah, had been approached days … Source: Claims Journal
Read MoreCCC: Consumer Satisfaction in Claims Experiences Linked to Insurers and Service Quality
Consumer satisfaction in auto insurance claims experiences are closely linked with insurers and repairers offering high-quality service and minimizing the time to schedule and complete repairs. A report by CCC Intelligent Solutions based on data from 2,400 policyholders who participated … Source: Claims Journal
Read MoreMoody’s: Insured Losses for Helene and Milton $35B-Plus, but Claims and Damage Esimates Cloudy
Total U.S. private market insured losses from the Hurricanes Helene and Milton will likely range between $35 billion and $55 billion, according to Moody’s RMS Event Response, which said the confluence of the two storms will make paying claims and … Source: Claims Journal
Read MoreBayer Must Pay $78 Million in Latest Roundup Cancer Trial, Jury Finds
Bayer must pay $78 million to a Pennsylvania man who said he got cancer from using the company’s Roundup weedkiller, a state court jury in Philadelphia found on Thursday. The verdict follows previous consecutive victories for Bayer in that court. … Source: Claims Journal
Read MoreMuch of Milton’s Worst Damage Came From Wind, Not Water
Hurricane Milton’s devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and crops, as authorities warn it could take days to assess the full extent of the damages. Milton delivered a quick, hard … Source: Claims Journal
Read MoreHowden Alleged to Have Poached Insurance Rival’s Team in UK Suit
One of the U.K.’s top insurers is accused of using a team of “recruiting sergeants” to poach talent from a rival that led to mass resignations in Brazil and London. Aon UK Ltd. sued Howden Group Holdings Ltd. in the … Source: Claims Journal
Read MoreReport: TD to Face US Growth Limits, $3B Penalty for Money-Laundering Failures
Toronto-Dominion Bank will pay about $3 billion in penalties and face restrictions on its U.S. growth in a settlement with regulators over its failure to catch money laundering, the Wall Street Journal reported. Regulators are likely to announce a settlement … Source: Claims Journal
Read MoreJ&J Talc Bankruptcy Stays in Texas Despite ‘Forum-Shopping’ Opposition
A Johnson & Johnson subsidiary can pursue its third attempt to resolve tens of thousands of lawsuits alleging its talc products caused cancer in a Texas bankruptcy court, a judge ruled on Thursday, allowing the company to avoid a venue … Source: Claims Journal
Read MoreFlorida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation
Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and low-balled policyholders, Florida’s chief financial officer has issued an emergency rule barring similar actions in Hurricane Milton claims. “Any move … Source: Claims Journal
Read MoreHSBC Appeals Decision Reinstating Female Banker’s Discrimination Claim
HSBC on Thursday appealed a tribunal’s decision to reinstate a female, senior investment banker’s lawsuit that alleges the bank victimized and discriminated against her when it did not hire her for a senior sales position in 2018. Carmen Chevalier-Firescu, 41, … Source: Claims Journal
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