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A contractor cannot be the public adjuster on a claim and cannot advertise itself as an insurance claims negotiator if it does not hold an adjusters’ license, the Texas Supreme Court decided in a case that could give support to … Source: Claims Journal

A pair of businessmen were arraigned on multiple felony counts including insurance fraud, grand theft, and tax fraud after a California Department of Insurance investigation found they allegedly underreported over $29.2 million in payroll to illegally save on workers’ compensation … Source: Claims Journal

Is it nuts to assume a scoop of pistachio ice cream should contain actual pistachios? Or how about real butter in a dish of butter pecan? Such weighty questions about a favorite summertime confection could soon be decided by the … Source: Claims Journal

A woman who claimed in a lawsuit that GSK’s discontinued heartburn drug Zantac caused her breast cancer dropped her case shortly before it was set to go to trial in Illinois state court on Monday, the company announced. GSK said … Source: Claims Journal

Tesla Inc. failed to persuade an administrative judge to dismiss claims by a California regulator that the company overstated its vehicles’ self-driving capabilities — one of several ongoing regulatory investigations of the electric-car maker’s marketing. The California Department of Motor … Source: Claims Journal

HONK Technologies named Alan Holman vice president of enterprise sales. Holman has more than 20 years of experience. He previously held sales leadership positions at Urgently, Allstate Insurance’s Roadside Services Division and DHL. HONK is a provider of roadside assistance … Source: Claims Journal

In early March of this year, the Securities and Exchange Commission adopted rules targeted at enhancing and standardizing climate-related disclosures by public companies and in public offerings. The new rules mandate the inclusion of climate risk disclosures in a company’s … Source: Claims Journal

A U.S. appeals court on Monday rejected a bid by Uber and subsidiary Postmates to revive a challenge to a California law that could force the companies to treat drivers as employees rather than independent contractors who are typically less … Source: Claims Journal

Issuance of catastrophe bonds just hit a record high, as the market braces for a rough hurricane season with the potential to do substantial damage. Sales of so-called cat bonds are 38% higher this year through May than over the … Source: Claims Journal

Underwriting losses for U.S. medical professional liability insurance rose significantly in 2023, underscoring the increased loss-cost volatility tied to litigation risk, a report out this week from Fitch Ratings shows. The MPLI segment posted an underwriting loss for the eighth … Source: Claims Journal