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Unprecedented: 10 U.S. Storms This Year Have Each Caused $1 Billion in Insured Losses
Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time, according to Swiss Re Group, as climate change … Source: Claims Journal
Read MoreFTC Fines Experian Unit for Spamming Consumers
A unit of the Experia credit reporting bureau agreed to pay a $650,000 civil fine to settle U.S. Federal Trade Commission charges it spammed consumers with marketing emails without giving them a way to opt out. The FTC said ConsumerInfo.com, … Source: Claims Journal
Read MoreEstimates of Deaths, Insured Losses, Economic Damage From Hawaii Wildfires Rising
Two firms have released early estimates of losses and damage from the devastating wildfires across Hawaii’s Maui island and the historic town of Lahaina. Catastrophe modeler Karen Clark & Company issued new estimates showing the insured property losses from the … Source: Claims Journal
Read MoreNew Jersey Supreme Court Backs Catholic School in Firing of Unwed, Pregnant Teacher
The New Jersey Supreme Court has ruled in favor of a Roman Catholic school that fired a teacher who became pregnant out of wedlock. The high court found that where an employment decision is clearly based on the tenets of … Source: Claims Journal
Read MoreClaims Pros Warned About Confirmation Bias and Inflated Line Items
GARDEN GROVE, California — The charred remains of a dog found among the ruins of a house that was destroyed in a sudden fire added an air of legitimacy to the insurance claim. For sure, homeowners sometimes resort to arson, … Source: Claims Journal
Read MoreViewpoint: AI Investigations and Claims Gather Pace in the United States
Generative AI tools such as ChatGPT have been in the headlines since 2022, with many users (including children) using the tools to generate content with little thought as to the data protection risks associated with its use. Last month, we … Source: Claims Journal
Read MoreUkraine Starts Registering Ships for Black Sea Corridor, News Agency Reports
Ukraine, which is seeking to form safe shipping routes in the Black Sea, has started registering ships willing to use the corridor it announced earlier this week, a local news agency said on Saturday. Ukraine on Thursday announced a “humanitarian … Source: Claims Journal
Read MoreLacks’ Family Files New Lawsuit Over Cells Harvested Without Consent
Just over a week after Henrietta Lacks’ descendants settled a lawsuit against a biotech company they accused of unjustly profiting off her cells for generations, the family’s attorneys have filed another claim against a different corporation. The new lawsuit, which … Source: Claims Journal
Read MoreMaui Officials and Scientists Warn Toxic Particles Could Complicate Recovery
When flames swept through western Maui, engulfing the town of Lahaina, residents saw toxic fumes spewing into the air as burning homes, pipes and cars combusted, transforming rubber, metal and plastic into poisonous, particulate matter-filled smoke. Retired mailman and Vietnam … Source: Claims Journal
Read MoreHawaiian Electric Faces Scrutiny, Lawsuits Over Deadly Maui Wildfire
Hawaiian Electric Industries’ shares plunged nearly 40% to a 13-year low in early trading on Monday amid growing scrutiny over whether the utility company’s equipment played any role in the deadly wildfires that burnt through the coastal Maui town of … Source: Claims Journal
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