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US Health Regulators Open Probe in UnitedHealth Cyberattack
US health authorities are investigating whether the cyberattack on UnitedHealth Group Inc.’s Change Healthcare unit involved a breach of personal health information. The Department of Health and Human Services Office for Civil Rights opened the probe into the company’s compliance … Source: Claims Journal
Read MoreMeta Loses Second Bid to Thwart FTC’s Revisions to Privacy Pact
Meta Platforms Inc.’s lost its second court ruling this week seeking to stop the Federal Trade Commission’s reopening a 2020 privacy settlement over allegations that the company breached the terms. In a ruling Thursday, US District Judge Randolph Moss in … Source: Claims Journal
Read MoreSurvey: 78M Americans Damaged Their Smartphones in the Last Year
The amount of money spent on cellphone screen repairs surged to $8.3 billion in 2023, nearly tripling the amount spent in 2018 ($3.4 billion), according to new research by Allstate Protection Plans. Researchers found that 49% of American smartphone owners … Source: Claims Journal
Read MoreBayer Weighs ‘Texas Two-Step’ Bankruptcy Filing Over Roundup
Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes cancer, according to people familiar with its thinking. … Source: Claims Journal
Read MoreViewpoint: The Imperative of Long-Term NFIP Reform
In the wake of a record-shattering $28 billion-dollar extreme weather and natural disaster season in 2023, the U.S. finds itself at the mercy of an increasingly volatile climate. As hurricanes grow fiercer, sea levels rise and rainfall patterns shift, one … Source: Claims Journal
Read MoreNFIP Pays $364M on Idalia Claims. Florida Bill Requires Flood Disclosure to Buyers
The National Flood Insurance Program has paid out $364 million on flood claims from Hurricane Idalia, the storm that swamped part of Florida in August. That’s a fraction of the $3.2 billion NFIP paid after Hurricane Ian, a much larger … Source: Claims Journal
Read MoreInsurers, Insureds Must Collaborate to Get Ahead of Social Inflation
Executive Summary: Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just three of the strategies Aspen’s Chief Claims Officer Tony Rai suggests that insurers start undertaking—in concert with their … Source: Claims Journal
Read MoreWinning Over the Policyholder: How Claims Can Help Improve Carriers’ Relationships with Insureds
Many years ago, as the holiday season wrapped our home in a festive embrace, a tranquil evening turned into a night we’d never forget. Our family was enjoying the warmth and peace of the season when a fire broke out, … Source: Claims Journal
Read MoreMarsh Specialty: 2024 Elections to Direct Global Course for Next Decade-Plus
More than 60 elections will be held worldwide in 2024, and the outcomes will likely affect international relationships, drive policy uncertainty and disrupt markets, Marsh Specialty leaders said in a new political risk report. “The outcomes of the elections taking … Source: Claims Journal
Read MoreTexas Fires Have Emitted a Near-Record Amount of Carbon
Texas fires released roughly 3.4 million metric ton of carbon dioxide in January and February, according to a new analysis. In January, Texas fires pumped out 440,400 tons of CO2 emissions, according to Copernicus Atmosphere Monitoring Service data shared with … Source: Claims Journal
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