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NCCI Identifies ‘Big 3′ Workers’ Comp Issues to Watch
Employers will face three major workplace safety challenges in the coming years, but all can be mitigated through evolving safety solutions, workers’ compensation professionals say. The report, Challenges for Today’s Worker–The Big Three: Physical Space, Mental Health and Environmental Impact, … Source: Claims Journal
Read MoreBanks Face Record Number of U.K. Lawsuits as Economy Stumbles
Banks in the UK are embroiled in the highest number of lawsuits in a decade in a trend that shows no sign of slowing down. Almost three new cases involving financial services firms were filed every day on average at … Source: Claims Journal
Read MoreHurricane Beryl Leaves Thousands in Texas Without Power
More than 1.5 million homes and businesses in Texas lost power after Hurricane Beryl made landfall in the state, bringing howling winds and driving rain that knocked out electric lines. The storm made landfall shortly before 4 a.m. local time … Source: Claims Journal
Read MoreThe Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits
Eron Evans died in 2016 at 41 of ovarian cancer, leaving behind two daughters. Her grieving mother, Darlene, blames Johnson & Johnson’s Baby Powder – and she’s pursuing a lawsuit her daughter started a decade ago, alleging the company’s talc … Source: Claims Journal
Read MoreBoeing to Plead Guilty to Fraud for Violating Deal Over 737 Max Crashes
Boeing Co. agreed to plead guilty to criminal conspiracy to defraud the US after the Justice Department concluded the planemaker failed to adhere to an earlier settlement stemming from two fatal crashes of its 737 Max jetliner. Under the agreement … Source: Claims Journal
Read MoreThe Key Role of Workplace Safety Education in Small Business Insurance
It’s no surprise that a recent survey we conducted shows 25% of small businesses don’t feel secure in their understanding of workers’ compensation coverage and regulations. With many still feeling the talent shortage impact from the pandemic, they don’t often … Source: Claims Journal
Read MoreGEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours
Insurer GEICO has agreed to pay $6 million to settle claims by auto damage claims adjusters who allege the insurer failed to pay them for all hours they worked “off-the-clock.” The settlement affects 806 adjusters countrywide who worked for GEICO … Source: Claims Journal
Read MoreReport: Insured Losses from Beryl in Jamaica and Caymans $400M-$700M; Mexico’s Yucatan Less Than $1B
Insurable losses from Hurricane Beryl across Jamaica and the Cayman Islands will be between $400 million and $700 million, while estimated insurable losses in Mexico’s Yucatan Peninsula are also less than $1 billion, according to catastrophe modeler CoreLogic. CoreLogic’s estimated … Source: Claims Journal
Read MoreCrypto Hacking Thefts Double to $1.4B in First Half of 2024, Researchers Say
The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on … Source: Claims Journal
Read MoreProgressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims
Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the insurer underpaid their total loss claims on their vehicles. The $48 million represents approximately 54% of the compensatory damages alleged … Source: Claims Journal
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