Posts by Y@DminG

The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long been shuttered, and officials believed federal money would be key to the town’s overdue revitalization. They hoped an improved stormwater drainage system and secured … Source: Claims Journal

Genetic testing company 23andMe agreed on Tuesday to allow a court-appointed overseer to take charge of ensuring customers’ genetic data remains protected during the company’s bankruptcy, settling a dispute with several U.S. states. Those states had argued the company was … Source: Claims Journal

The use of migraine medications in workers’ compensation prescriptions, despite the overall cost per claim decreasing, a new report shows. The first part of Enlyte’s 2025 Drug Trends Report released this week shows and migraine medications and topicals are gaining … Source: Claims Journal

Gilead Sciences agreed to pay $202 million to settle a whistleblower lawsuit accusing the drugmaker of civil fraud for paying kickbacks to doctors who agreed to prescribe its HIV drugs. The settlement announced on Tuesday by U.S. Attorney Jay Clayton … Source: Claims Journal

Insured losses from natural catastrophes could soar to $145 billion this year — well above the 10-year average — as population growth, urban sprawl and climate change combine to supercharge risks, according to a report by Swiss Re Institute. Severe … Source: Claims Journal

A ransomware attack is the cause of a disruption at Marks & Spencer Group Plc., with hackers using a potent kind of malware to lock down some of the British retailer’s systems and render them inaccessible, according to people familiar … Source: Claims Journal

Spain’s grid operator offered the most detailed account yet of the events that led to a blackout that plunged the country into darkness for hours. Source: Claims Journal

President Donald Trump is on track to ease the impact of his auto tariffs, with changes sought by the industry that would lift some levies on foreign parts for cars and trucks made inside the US. Imported automobiles also would … Source: Claims Journal

At AM Specialty Insurance Co., Nishad Lad, head of data and software development, has been placed at the forefront of transforming the Dallas, Texas-based excess and surplus carrier’s claims processing with new technologies. His team has implemented an array of … Source: Claims Journal

Cargo theft across the U.S. and Canada continued to rise in 2024, with three states making up the bulk of losses, a new report shows. Multimodal hubs in California, Texas, as well as around Chicago, continue to be top targets … Source: Claims Journal