Posts by Y@DminG

Kentucky’s Transportation Cabinet and Department of Insurance have launched a new vehicle insurance verification system, and auto insurers have until Jan. 15 to start getting on board. The new Kentucky Insurance Verification System, authorized by state lawmakers earlier this year, … Source: Claims Journal

If negotiation is the job, as Ronald Morrison wrote in the first article of this series, then the first offer is often the moment that defines success. Behavioral economists Daniel Kahneman and Amos Tversky first described the anchoring effect in … Source: Claims Journal

Enlyte has entered into an agreement to acquire PartsTrader, a parts procurement marketplace. According to Enlyte, the deal will bring together two complementary businesses within the auto physical damage ecosystem. PartsTrader will become a wholly owned subsidiary of Enlyte and … Source: Claims Journal

Erin Geter’s toddler son became trapped inside her Tesla in May when the electric doors lost power. A few weeks later, she was at a Honda dealership buying a new family car. “I was very traumatized,” said the 39-year-old from … Source: Claims Journal

India’s parliament on Wednesday approved a bill to raise foreign direct investment in the insurance sector to 100% from 74%, a move that will help insure more people in the world’s most populous country. The increase in the FDI limit … Source: Claims Journal

The New York Times asked a judge to once again dismiss President Donald Trump’s $15 billion defamation lawsuit, arguing the complaint is based on “implausible allegations” that cannot overcome First Amendment protections. The suit fails to explain exactly how dozens … Source: Claims Journal

Federal prosecutors in Manhattan unsealed an indictment on Wednesday charging executives of bankrupt Tricolor with systematically defrauding creditors ahead of the subprime lender’s billion-dollar collapse. Tricolor CEO and founder Daniel Chu and former Tricolor chief operating officer David Goodgame were … Source: Claims Journal

The cannabis world is buzzing about a possible move to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act. If it happens, it will be a meaningful shift—especially for taxes and market access—but it will not … Source: Claims Journal

A privacy advocacy group, noyb, filed complaints to Austria’s data protection authority on Wednesday against TikTok, Grindr and AppsFlyer, alleging these companies breached regional privacy laws, risking exposure of sensitive data. Vienna-based organization None of Your Business, or noyb, alleged … Source: Claims Journal

UPS stole tens of millions of dollars in pay from seasonal workers who help the shipping giant deliver packages during the busy holiday season, forcing some to clock in well after their shifts started and deducting pay for lunch breaks … Source: Claims Journal