Posts by Y@DminG

Imagine a world where insurance claims are processed instantly with accuracy and minimal manual intervention. Yes, that is the promise current artificial intelligence revolution has made in claims processing. But as with any modern technology revolution, there are challenges, and … Source: Claims Journal

Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District … Source: Claims Journal

At the same time it is settling a New York class action about underpaying totaled loss claims for $48 million, Progressive Insurance, in a separate case, has agreed to an $18.3 million settlement over allegations that its carriers failed to … Source: Claims Journal

Hurricane Beryl got the respected team of researchers at Colorado State University to rethink its forecast for the Atlantic hurricane season, which has already seen three named storms. CSU’s Department of Atmospheric Science now calls for an “extremely active” total … Source: Claims Journal

HSBC Holdings Plc won the dismissal of most claims brought by First Citizens Bank & Trust Co. over the hiring of dozens of Silicon Valley Bank employees following the lender’s collapse last year. In an order Tuesday, US Magistrate Judge … Source: Claims Journal

Due to a shock hazard, a California company is recalling nearly 1 million power adapters sold with sound machines marketed to help infants and young children sleep. The plastic surrounding the AC power adapter that was supplied with some of … Source: Claims Journal

Cargo claims are an inevitable part of the shipping industry, but the challenges associated with these claims are getting both more complex and frequent this year. From increasing technological advancements to the complexity of global trade, the freight insurance industry … Source: Claims Journal

Purdue Pharma on Tuesday received U.S. court approval for a 60-day freeze on lawsuits against its owners, members of the wealthy Sackler family, in its first court appearance since a landmark Supreme Court ruling upended its bankruptcy settlement. U.S. Bankruptcy … Source: Claims Journal

Total damage and economic loss from Hurricane Beryl in the U.S. is expected to be between $28 and $32 billion, according to preliminary estimates from AccuWeather. Beryl, the earliest Category 5 hurricane on record in the Atlantic, brought numerous tornadoes … Source: Claims Journal

Houston is set for a dangerous bout of heat as more than 2 million homes and businesses remain without power in the area around the nation’s fourth-largest city after Hurricane Beryl’s battering. The region is under a heat advisory, with … Source: Claims Journal