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Florida is suing the climate-risk modeling firm First Street Technology Inc., accusing it of penalizing state homeowners with risk scores based on flawed science. Filed Oct. 23, the lawsuit highlights growing pushback against the scores, which are intended to give … Source: Claims Journal

Toyota is recalling 228,367 vehicles in the US over seat backs that may fail to stay secured in a crash, the U.S. National Highway Traffic Safety Administration said on Tuesday. Related: Toyota Recalling 105,800 US Vehicles Over Fire Risk Here … Source: Claims Journal

The U.S. domestic cyber insurance market has nearly tripled in size since 2020, with endorsement policies accounting for the largest share of policy counts relative to premium. The observations come from a new report generated by the National Association of … Source: Claims Journal

Customer satisfaction with total loss auto insurance claims fell for a third straight year, while satisfaction improved for claims involving repairable vehicles, a new study looking at this year shows. Customer satisfaction with total loss claims fell 12 points on … Source: Claims Journal

Tropical Cyclone Arnab is expected to hit India’s east coast on Wednesday, marking a break in an otherwise calm season that’s been subdued by a severe El Niño. Arnab is currently 859 kilometers (534 miles) southwest of Kolkata, packing top … Source: Claims Journal

Exxon Mobil Corp. has lost its appeal of an $815.5 million compensatory damages judgment that was awarded to a Mobil gas station mechanic who developed leukemia after years of exposure to benzene in its gasoline. On October 15, a three-judge … Source: Claims Journal

Insurance Journal’s Risky Future series is hosting the “AI Tools for Fraud Detection and Compliance” Demo Day, a series of free AI tool demonstrations designed exclusively for insurance carriers, SIU teams, compliance officers, claims leaders, and more. This event will … Source: Claims Journal

Novo Nordisk A/S lost a bid in a U.S. court to temporarily block Eli Lilly & Co. from using advertisements that claim its drugs are more powerful, a setback to Novo as it battles to regain a larger share of … Source: Claims Journal

The U.S. Federal Trade Commission and 20 states sued Dollar General Corp. on Monday, alleging the discount retailer routinely charged customers more than the prices displayed on shelves or in advertisements. Dollar General, which operates more than 21,000 stores, overcharged … Source: Claims Journal

Bananas are in danger of becoming the next item in the grocery aisles to see price hikes, thanks in part to a powerful El Niño and war, says one of the top sellers of the fruit. “The industry is facing … Source: Claims Journal