Posts by Y@DminG
Trust Issues Hinder Industry Efforts to Close Protection Gap, Survey Shows
Most insurance executives surveyed last year believe they have “an ethical obligation” to close the protection gap—and also believe that “lack of trust in the insurance industry” is a key barrier standing in the way. Economist Impact, a division of … Source: Claims Journal
Read MoreLawsuit Alleges GM Illegally Sold Arkansans’ Driving Data to Insurance Companies
Arkansas Attorney General Tim Griffin sued General Motors and its subsidiary OnStar this week, alleging the car manufacturer deceived Arkansans by collecting and selling driver information to third parties, who then sold the data to insurance companies. The lawsuit alleges … Source: Claims Journal
Read MoreMaximizing Returns on People and Technology: A Universal Gain for The Claims Industry
The claims industry has made great strides over the years, with significant investments in people and technology that include upgrades to legacy systems, workflow digitization and career development opportunities. However, the industry continues to wrestle with inefficiencies related to these … Source: Claims Journal
Read MoreUnlikely Trio Linked to Hack of AT&T Data, Attempt to Sell It
Connor Moucka, a Canadian, dropped out of high school and lived with his grandfather. John Binns, an American living in Turkey, feared the FBI and CIA were tracking him. Cameron Wagenius, a U.S. soldier, allegedly Googled how to defect to … Source: Claims Journal
Read MoreZestyAI: More Than $2 Trillion in US Homes at High Risk of Wildfires
While Western wildfires have dominated disaster news for decades, new analysis using artificial intelligence shows millions of homes across the country—even in the swampy Southeast—are at risk for wildfires. New data analysis from ZestyAI found that $2.15 trillion worth of … Source: Claims Journal
Read MoreEdison Says Wildfire Fund May Shield Balance Sheet From LA Fire Claims
California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is found to have caused a deadly Los Angeles fire last month, Edison’s CEO said on Thursday. Southern California Edison, one … Source: Claims Journal
Read MoreNorfolk Southern Wins Dismissal of Bondholder Lawsuit Over 2023 Ohio Derailment
A federal judge on Thursday dismissed a lawsuit accusing Norfolk Southern of causing hundreds of millions of dollars of losses for bondholders by concealing safety risks prior to the February 2023 derailment in East Palestine, Ohio of a train carrying … Source: Claims Journal
Read MoreCFPB Drops Lawsuit Against Capital One Over Savings Rates
The Consumer Financial Protection Bureau dropped a Biden-era lawsuit against Capital One Financial Corp., the latest in a slew of enforcement actions pulled under the Trump administration. The consumer watchdog dismissed the lawsuit with prejudice, meaning it cannot be reopened, … Source: Claims Journal
Read MoreNewsom Leans on Veteran Republican to Push $40 Billion California Fire Aid
California Gov. Gavin Newsom is enlisting veteran Republican lawmaker Ken Calvert to help push his $40 billion wildfire aid request through Congress and secure President Donald Trump’s backing for rebuilding efforts. Calvert, 71, a longtime member of the powerful House … Source: Claims Journal
Read MoreSedgwick: European Product Recalls Reached Record High in 2024
European product recalls hit a record high of 14,484 events in 2024, surpassing last year’s record 12,503 events, a new report shows. Sedgwick Brand Protection’s 2025 European State of the Nation Recall Index report reviews five product categories and three … Source: Claims Journal
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