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

ATI Names Patane Vice President of Insurance and TPA Services

ATI Restoration LLC, a disaster recovery and remediation service provider, promoted Vince Patane to vice president of insurance and TPA Services. This is a new role for the company that respresents a shift towards balancing its commercial and residential portfolios. …

Insurance Litigation Report Shows Business Liability, Business Interruption Cases Were up in 2023

There was an increase in cases involving business liability, business interruption and non-hurricane homeowners policies in 2023 amid an overall drop in insurance cases in 2023, a new report shows. A report from Lex Machina, a LexisNexis company, examines insurance …

Cancer Victims Ask Court to Block J&J Talc Bankruptcy

A group of cancer victims asked a federal judge to block Johnson & Johnson’s proposed bankruptcy settlement of tens of thousands of lawsuits alleging the company’s baby powder and other talc products caused their illnesses, according to a court filing. …

Florida Flooding Emergency Worsens as More Rain Lands on Miami

Florida is in a state of emergency after downpours flooded Miami streets, soaked Fort Lauderdale with its rainiest June day ever, grounded hundreds of flights and forced officials to issue rare emergency flood warnings. And on Thursday more rain is …

Most Drivers in U.S. Support Anti-Speeding Technology in Vehicles, Survey Shows

More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by Insurance Institute for Highway Safety showed on …

Terraform to Pay $4.47 Billion to Settle SEC Fraud Case

Terraform Labs Pte. will pay $4.47 billion to resolve a US Securities and Exchange Commission lawsuit over the firm’s 2022 collapse, which wiped out $40 billion in investor assets and shook the cryptocurrency world. The SEC on Wednesday asked a …

U.S. Agency Seeks Answers From Waymo in Self-Driving Vehicle Probe

The National Highway Traffic Safety Administration said Wednesday it is seeking additional details about a series incidents that raise concerns about the performance of Alphabet’s Waymo self-driving vehicles. In May, the U.S. auto safety regulator opened an investigation after receiving …

Elon Musk Sued for Harassment by Former SpaceX Employees

Fired SpaceX engineers have filed a lawsuit against Elon Musk for sexual harassment and retaliation in California state court, escalating their multifront legal battle with the billionaire chief executive and his aerospace company. “Musk knowingly and purposefully created an unwelcome …

Marsh: Cyber Extortion Reached Record High in U.S. and Canada in 2023

Multiple companies in the U.S. and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in cyber insurance claims, also showed an increasing …

HDI Global Names Kouri Head of Claims in Canada Branch

Claims services provider HDI Global SE promoted Krystyna Kouri to head of claims for the Canada branch. Kouri was previously working to help management in adjusting and insurance. She has more than 20 years of experience. She began her career …