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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

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

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

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

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

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

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

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

The North Carolina Supreme Court has temporarily put the brakes on an appeals court decision that had upset years of workers’ compensation case law on when a moonlighting law officer is considered an independent contractor. In the case of Stephen … Source: Claims Journal

Most insurance claims professionals understand that, as opposed to uninsured motorist (UM) coverage, which pays damages to an insured who is involved in an accident with an uninsured driver, underinsured motorist (UIM) coverage is automobile insurance coverage which protects an … Source: Claims Journal