Posts by Y@DminG

Italy’s ITA Airways will decide within the next eight weeks whether to sue aerospace supplier RTX’s Pratt & Whitney due to engine problems that have grounded almost 20% of its fleet of 80 aircraft, the carrier’s CEO said on Sunday. … Source: Claims Journal

A North Carolina couple this week was awaiting court action after they were charged with filing claims with two different insurance carriers—State Farm and Homesite Insurance, court records show. Gurjant Singh Gill, 42, and Karmpreet Kaur Gill, 41, of Raleigh, … Source: Claims Journal

Apple Inc., which just unveiled a revamped artificial intelligence platform built in part with Google technology, said the new approach will still preserve the company’s privacy safeguards. Though Apple relies on Google AI models, they’re different than the ones that … Source: Claims Journal

Ohio State University agreed last week to pay roughly $100 million to settle legal claims from hundreds of former student athletes who said they were sexually abused decades ago by a doctor at the university. The school has fought lawsuits … Source: Claims Journal

When Mitesh Parikh, a headhunter at U.K. recruiter Selby Jennings, started looking for an ILS modeler for a large U.S. hedge fund this year, the pool of qualified candidates was disconcertingly small. “It was a tough search,” says Parikh, who … Source: Claims Journal

Most cars lose value the moment they leave a dealer’s lot. The RAV4 hybrid gains it. Used, late-model versions of the RAV4 hybrid often list for more than their original sticker prices, even with thousands of miles on their odometers. … Source: Claims Journal

Aon plc named José María Navas chief claims officer for Europe, the Middle East and Africa. Navas will lead the firm’s claims organization across EMEA, overseeing strategy, advocacy and claims preparation capabilities. He will report to Luca Tassarotti, head of … Source: Claims Journal

Western Asset Management Co. reached a $100 million settlement with the Securities and Exchange Commission to resolve an investigation related to trading practices of its onetime star manager Ken Leech. “Western Asset did not take reasonable steps to ensure that … Source: Claims Journal

While U.S. farmers brace for higher fertilizer and chemical bills tied to turmoil in the Middle East, another expense is already taking a bite out of razor-thin margins: diesel fuel. Prices for the fuel that powers tractors, combines and grain … Source: Claims Journal

Wetland loss across the U.S. has driven up residential flood insurance claim payments by more than $10 billion in the past 40 years, a new study shows. The study, published in Nature Water, residential flood insurance claim payment amounts increase … Source: Claims Journal