Recent Claims Industry News

After Years of Taunts, Brash Leader of LockBit Charged by US

For years now, the leader of the ransomware gang LockBit, known as LockBitSupp, has been a provocative if mysterious presence on dark web forums. He has goaded law enforcement authorities and aggressively recruited hackers from rival gangs. But his identity …

Tesla Autopilot Probe Escalates With US Regulator’s Data Demands

Tesla Inc. is facing a July 1 deadline to furnish US regulators with information about its biggest-ever recall because drivers using Autopilot keep crashing while using the system. In a letter posted on its website Tuesday, the National Highway Traffic …

Decayed, Broken Utility Pole Caused Largest Wildfire in Texas History: Report

A decayed utility pole that broke, causing power wires to fall on dry grass in the Texas Panhandle, sparked the state’s largest wildfire in history, a Texas House committee confirmed last week. And other poorly maintained power equipment sparked four …

Berkshire’s Jain on Cyber: ‘The Mindset Should Be You’re Not Making Money’

While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway’s head of insurance operations said aggregation and loss costs have kept the company away from the risk for the most part. Yes, profitability has been “fairly high” for …

Supreme Court Will Hear Case by Trucker Claiming CBD Product Got Him Fired

The Supreme Court has agreed to hear an appeal from a CBD hemp oil maker fighting a lawsuit from a truck driver who says he got fired after using a product falsely advertised as being free from marijuana’s active ingredient. …

Probe Into Death of Nurse on Home Visit Alleges Employer Failed to Protect Workers

A home health care company failed to protect a visiting nurse who was killed during an appointment with a convicted rapist at a Connecticut halfway house and should be fined about $161,000, federal workplace safety officials said Wednesday. The Occupational …

Lloyd’s Insurers Don’t Expect Big Claims From Baltimore Bridge Collapse

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 last Thursday. Some estimates for the total insured losses from …

Federal Aviation Administration Opens Probe Into Boeing 787 Inspections ‘Misconduct’

The Federal Aviation Administration said on Monday it has opened an investigation into the Boeing BA.N 787 Dreamliner after the planemaker said some employees had committed “misconduct” by claiming some tests had been completed. The FAA said it is investigating …

Cracked Airport Columns Aren’t Insured Property Damage, Just Bad Product: Court

Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an opinion that lets St. Paul and other insurers off …

Monsanto Gets $185 Million PCB Verdict Tossed in Washington

Bayer AG’s Monsanto unit persuaded an appeals court in Washington state to throw out a $185 million jury award to three former teachers at a Seattle-area school who blamed exposure to the firm’s toxic chemicals for their brain injuries. A …