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Iowa Governor Signs Measure to Increase Compensation for Boy Scouts Abuse Victims
Iowa men who were victims of child sexual molestation while they were in the Boy Scouts of America could get higher legal compensation under a measure lawmakers approved and the governor signed into law last week. The legislation, which retroactively … Source: Claims Journal
Read MoreReport: Claims Handlers Embracing Technology
Polling of U.K. and U.S. insurance claims handlers shows 95% are confident technology will significantly impact claims processing in the next five years. The polling by insurtech Sprout.ai shows 55% of respondents say they struggle with reviewing and processing claims … Source: Claims Journal
Read MoreAuto Insurer’s $10M Fraud Claims Against Doctors Are Subject to Arbitration, Court Rules
A federal appeals court has sided with three chiropractors in ruling that claims under New Jersey’s personal injury protection statute concerning insurance fraud are subject to arbitration. GEICO has lost its bid to pursue litigation alleging fraud against the chiropractors. … Source: Claims Journal
Read MoreBNSF Says It Didn’t Know About Asbestos That’s Killed Hundreds in Montana Town
BNSF Railway attorneys told a Montana jury that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town, one of the deadliest sites in the federal Superfund pollution program. … Source: Claims Journal
Read MoreWhat Is Volt Typhoon, the Hacking Group the FBI Warns Could Deal a ‘Devastating Blow’?
China is developing the “ability to physically wreak havoc” on U.S. critical infrastructure and its hackers are waiting “for just the right moment to deal a devastating blow,” FBI Director Christopher Wray said on Thursday. The comments were in relation … Source: Claims Journal
Read MoreSanofi to Pay $100 Million to Settle Zantac Cancer Lawsuits
Sanofi will pay more than $100 million to settle about 4,000 lawsuits accusing the French drugmaker of failing to warn users that its Zantac heartburn medicine could cause cancer, according to people familiar with the deal. The settlement was announced … Source: Claims Journal
Read MoreJ&J, Kenvue Told to Pay $45 Million to Baby Powder User’s Family
Johnson & Johnson and Kenvue Inc. were ordered to pay $45 million to the family of an Illinois woman who blamed the companies’ baby powders for giving her a fatal cancer in what was the first verdict against the J&J … Source: Claims Journal
Read MoreGrindr Sued in London for Sharing Users HIV Status With Ad Firms
Grindr Inc. was sued by users for sharing sensitive personal information, including their HIV status, with advertising companies in a London lawsuit. The LGBTQ+ app allegedly shared information to third parties for commercial purposes without the users’ consent, which included … Source: Claims Journal
Read MoreRYZE Claim Solutions Names Genkin Chief Financial Officer
NRYZE Claim Solutions named Robert Genkin chief financial officer. Genkin was most recently senior vice president of finance and M&A at Crawford & Co. Previously, Genkin held a variety of investment roles at Cook & Bynum Capital Management, Caravel Management … Source: Claims Journal
Read MoreReport Using Aerial Imagery Keys in on Hailstorm Risks to Colorado Homes
A report looking at 1.2 million homes in Colorado shows risks in the one of the top states for hail-related insurance claims are made worse by the state of some properties. The Arturo used artificial intelligence models with aerial imagery, … Source: Claims Journal
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