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Report: Cybercrime ‘A Thriving Business’ as US Claims Frequency Rises
May 20 2024 // Cyber claims frequency in the United States rose 13% last year, a new report shows. According to the 2024 Cyber Claims Report published by Coalition, an insurer focused on digital risks, cybercrime is “a thriving...
The Problem(s) With Hail Claims — Part 1: A Cautionary Tale for Insureds and Insurers
May 20 2024 // Last year while I was out of town, a roofing company showed up at my home and told my wife there had been a hailstorm recently, so they were visiting impacted neighborhoods and providing free inspection services. She let...
Florida OIR Fines Heritage P&C $1M for Ian Claims Issues
May 13 2024 // The Florida Office of Insurance Regulation in recent weeks has fined five property and casualty insurers, including Heritage Property & Casualty Insurance Co., which was hit with a $1 million penalty for failing to...
Google Trial Wraps Up as Judge Weighs Landmark US Antitrust Claims
May 6 2024 // Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape...
Class Action Settlements Flooded With Fraudulent Claims by Scammers
May 3 2024 // Artsana, a maker of child car booster seats, last year agreed to settle claims that it had misled customers about how to use its products, offering $50 to people who had bought Chicco-brand seats. The company, which did...
Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse
May 2 2024 // Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott Key Bridge in March that caused widespread disruption, they said on...
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