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Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits
A lawsuit brought by the former head of Marvel Entertainment made headlines around the country last November when it resulted in a $50 million jury verdict against Isaac Perlmutter’s wealthy Palm Beach neighbor and Federal Insurance Co. But it was … Source: Claims Journal
Read MoreLos Angeles Heat Builds Ahead of Hot Spell Across US Southwest
Temperatures are set to rise across Los Angeles and parts of the southwestern U.S. later this week. Extreme heat is already settling across Southern California and Arizona as readings threaten to reach 116F (47C) across the region, including in Palm … Source: Claims Journal
Read MoreMumbai Struggles to Cope as Record Rains Lash Financial Hub
Mumbai’s wettest start to July in decades killed at least 13 people in the city and its adjoining areas and caused widespread disruption for millions of residents, raising questions about the quality of infrastructure in India’s financial hub. The country’s … Source: Claims Journal
Read MoreJudge Approves $46.75 Million Payout for 23andMe Data Breach Victims
A U.S. bankruptcy judge on Tuesday approved a $46.75 million settlement for victims of a 2023 data breach at the genetic testing company 23andMe, which exposed genetic and other personal information of an estimated 6.9 million customers. U.S. Bankruptcy Judge … Source: Claims Journal
Read MoreAllstate Sued by Oklahoma for Alleged Scheme to Underpay Claims
The state’s top lawyer, Gentner Drummond, alleges that Allstate implemented an internal program to drastically deny or minimize payments of legitimate covered losses. Source: Claims Journal
Read MoreMeta Says States Seeking $1.4 Trillion in Penalties in August Youth Safety Trial
Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety. Meta … Source: Claims Journal
Read MoreFaster, Fiercer Wildfires Are Testing Evacuation Plans
On a warm summer morning, two fire officials navigate an SUV along a narrow road that switchbacks high into the hills above the town of Fairfax, California, where thickets of trees conceal hundreds of homes. When the road dead-ends, they … Source: Claims Journal
Read MoreLiberty Names Howell Head of Claims, UK and Mena
Liberty Specialty Markets named Sarah Howell head of claims for the U.K. and the Middle East and North Africa region. Howell will report to Mike Gillett, chief claims officer, Liberty International Insurance, and Luis Prato, president, U.K. and MENA. She … Source: Claims Journal
Read MoreUnited Airlines Must Face Lawsuit Over ‘Window Seats’ That Lack Windows
A federal judge on Monday rejected United Airlines’ bid to dismiss a lawsuit by passengers who complained they paid extra money to sit in window seats, only to discover their seats had no windows. U.S. District Judge James Donato in … Source: Claims Journal
Read MoreRegister: Risky Future AI Tools for Underwriting ‘Demo Day’ on July 8
Insurance Journal’s Risky Future series is hosting the “AI Tools for Underwriting” Demo Day, a series of free AI tool demonstrations designed exclusively for Carriers, MGAs, Specialty Program Leaders, and of course, Underwriters and Claims professionals. This event spotlights AI … Source: Claims Journal
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