News
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
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
A Wells Fargo & Co. bond saleswoman sued the bank for sex discrimination, claiming she was denied the same promotions and pay as men and forced to endure a “boys’ club” environment. Michal Leavitt, a onetime Bear Stearns managing director, … Source: Claims Journal
In today’s digital era, insurers are leveraging social media to gather insights and evidence that could potentially support or jeopardize a person’s claim. Recently, in the Irish town of Ennis, Kamila Grabska won a Christmas Tree Throwing competition. A photo … Source: Claims Journal
Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged in the interior trim, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. A trapped accelerator pedal could cause the … Source: Claims Journal
DraftKings Inc. was hit with a class-action lawsuit accusing the sports betting website of misleading new users into believing their first wager would be risk free. Advertisements promised DraftKings customers that if they lost their “risk-free bet,” instead of having … Source: Claims Journal
Global insured losses from natural catastrophes in the first quarter were estimated at $20 billion, with U.S. claims accounting for more than $15 billion, or 75%, of the Q1 total, according to a Gallagher Re in a report. Despite a … Source: Claims Journal
Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defense to a lawsuit filed at London’s High Court. Nord Stream is … Source: Claims Journal
Coverys named Brian J. Farrell Jr. senior vice president of claims. Farrell was most recently vice president of claims at Chubb, where he was responsible for differentiating the claims experience and solution management for large and complex clients. Coverys is … Source: Claims Journal
Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual abuse at a prestigious boarding school in Georgia in the 1970s and 1980s. Floyd County Superior … Source: Claims Journal