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1-in-7 U.S Homeowners Uninsured, Report Shows

Nearly one-in-seven U.S. homes are uninsured, and 11.3 million out of 82.9 million owner-occupied homes (13.6%) are uninsured, a new study shows. A study from LendingTree that used Federal Emergency Management Agency data and U.S. Census data to calculate uninsured … Source: Claims Journal

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Barclays Beats Two Lawsuits in US Over $17.7B Issuance Blunder

Barclays won the dismissal on Friday of two U.S. securities fraud lawsuits stemming from the British bank’s unauthorized sale of $17.7 billion more securities than U.S. regulators allowed. U.S. District Judge Lewis Liman in Manhattan said investors who acquired Barclays’ … Source: Claims Journal

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Tesla Cited by U.S. Regulators Over Worker’s Death

Federal regulators have cited Tesla for violating workplace safety rules in connection with the electrocution of a worker last summer at its Austin, Texas, auto-manufacturing plant. The U.S. Department of Labor confirmed the findings in a statement to Reuters. “The … Source: Claims Journal

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After the Flames: Preparing for the Growing Fraud Threat in Los Angeles

Fraudsters target both insurance carriers and vulnerable individuals, preying on survivors of natural disasters—and California’s wildfires will be no exception. These criminals use false promises and fraudulent schemes to exploit emotionally drained victims. In 20 years of leading special investigation … Source: Claims Journal

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Wall Street Brokers Start Trading Insurer Claims From LA Fires

Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the matter. Investors are buying so-called subrogation claims, obtaining … Source: Claims Journal

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