Monthly Archives: <span>February 2024</span>

Amazon Staff Allege Retaliation in Pay Gap Discrimination Suit

Amazon.com Inc. allegedly retaliated against three female employees — including firing one and placing another on a performance plan — after they sued the company for discrimination, the plaintiffs said in new court papers. In an amended complaint filed Friday, …

AM Best Says Losses from California Storms Largely Uninsured, Underinsured

The economic losses from the latest round of California storms will be significant, with many of these losses may not be insured because only 2% of California residents have purchased flood insurance, David Blades, associate director, industry research and analytics, …

Insurers to Stop Selling Car Price Cover After FCA Pressure

Multiple UK insurance companies have agreed to stop selling policies that cover declining car values after the Financial Conduct Authority raised concerns about customer fairness. Insurers that account for 80% of the guaranteed asset protection market have agreed to halt …

Survey Shows 1-in-5 People Have Considered Committing Insurance Fraud

One-in-five respondents said they had at least considered committing insurance fraud, with half of those saying that they had gone through with their plans, while 30% of respondents said knew someone who’d at least considered committing insurance fraud. Nearly half …

Viewpoint: The Difference Between Statutes of Limitations and Statutes of Repose

Subrogation professionals, like lawyers, must be constantly vigilant for deadlines, statutes of limitations, statutes of repose, and notice timelines set forth by the laws of the 50 states. Likewise, it is important to know and understand the differences between statutes …

Court Orders Texas Adjuster to Cease Using Lloyd’s Trademarked Names

A Texas public adjuster committed willful infringement when he formed a corporation and a limited liability company with the names “Certain Underwriters at Lloyds London, Inc.” and “Certain Underwriters of Lloyds London,” a U.S. district court ruled on Feb. 7. …

Federal Trade Commission Reports Nationwide Fraud Losses Topped $10B in 2023

Consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark, and a 14% increase over reported losses in 2022, Newly released Federal Trade Commission data shows. Consumers reported …

People Moves: RENFROE Names Stubbs CTO; International Claim Association Adds FastTrack’s Angiolillo to Board

RENFROE named Roy Stubbs chief technology officer. Stubbs previously served as the director of engineering. He has more than 25 years of experience in complex solutions implementation and software architecture with fintech and insurance clients. Before joining RENFROE, he was …

Judge Tosses Suit by Estate of Employee Killed in Crash After Mandatory Wine Tasting

A Connecticut judge has tossed a lawsuit by the estate of a woman who was killed in a crash while driving intoxicated following a mandatory wine tasting at the restaurant that employed her. The estate brought claims of common law …

Amazon Steers Consumers to Higher-Priced Items, Lawsuit Claims

Amazon.com AMZN.O was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to higher-priced items in order to earn extra fees. According to a complaint …