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NTSB Says UPS Didn’t Act After 2011 Boeing Letter on Defect
A U.S. safety investigator said United Parcel Service Inc. decided not to take action after 2008 and 2011 service letters from Boeing Co. flagged cracking in a key structural component in the type of plane that crashed in Louisville, Kentucky, … Source: Claims Journal
Read MoreGroups Seek FTC Probe onto Roblox for Kid Spending
The National Center on Sexual Exploitation and Fairplay, two advocacy groups focused on child safety, are asking the U.S. Federal Trade Commission to investigate Roblox Corp.’s game mechanics, which they claim coerce kids into spending unreasonable amounts of money on … Source: Claims Journal
Read MoreVerisk, insured.io, Omni and TruVideo Rolling out New Tech
“Life moves pretty fast. You don’t stop and look around once in a while, you could miss it.” Know who said that? Anyone? Anyone? Technology and artificial intelligence are coming at claims and insurance professionals at an increasingly rapid pace. … Source: Claims Journal
Read MoreStellantis Plans $17,500 Small EV to Revive European Market
Stellantis plans to launch a new small, low-cost category of fully electric vehicles in an effort to revive Europe’s shrinking entry-level car segment and ailing manufacturing sector. The Fiat, Opel and Citroen owner said production of the affordable, compact and … Source: Claims Journal
Read MoreJPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims
The JPMorgan Chase & Co. banker named in a graphic sexual harassment suit that went viral last month hit back at her accuser with a defamation counterclaim, calling his allegations “entirely false” and “malicious.” Lorna Hajdini on Tuesday night countersued … Source: Claims Journal
Read MoreJury Sides With Insurers, Finding Takeda Pharmaceutical Liable for $885 Million in Damages
A U.S. jury found Takeda Pharmaceutical liable for causing about $885 million in damages by delaying a generic version of its constipation drug Amitiza through an anticompetitive scheme. Jurors in federal court in Boston, following a five-week trial, sided with … Source: Claims Journal
Read MoreUK Warned of Housing Market Risks as Flood Re’s Future Unclear
There are currently 6.3 million properties across England that are in areas at risk of flooding, a figure that’s set to rise significantly in the years ahead. Source: Claims Journal
Read MoreOpenly’s Tech-Forward Approach Includes AI in Claims
Openly, which promotes itself as a tech-forward homeowners insurance provider, has been making a name for itself by enabling agents to generate quotes in times as little as 15 seconds since being founded in 2017. The Boston, Massachusetts-based insurtech, which … Source: Claims Journal
Read MoreWall Street Watchdogs Pause Some Cyber Exams After Mythos Shock
U.S. regulators are pausing some cyber-related examinations of the largest banks, giving the lenders more breathing room as the firms dig into the risks exposed by Anthropic PBC’s new Mythos AI model. The Federal Reserve and Office of the Comptroller … Source: Claims Journal
Read MoreMutual of Enumclaw Names Peterson Chief Claims Officer
Mutual of Enumclaw named Joe Peterson vice president of claims and chief claims officer. Peterson has more than 20 years of claims leadership experience, most recently as vice president – P/C claims at Zenith Insurance Company. He also held multiple … Source: Claims Journal
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