Claims / Legal
Study: Motor Vehicle Thefts Soar in First Half of 2023
During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released this week by the Council on Criminal Justice. ...
Reducing Claims Overpayment Is Vital for Carrier Survival
Failure to catch overinflated claims is costing the insurance industry tens of billions of dollars each year. Paying too much or too little on a claim isn't beneficial to ...
Who Should Pay to Rescue Wealthy Risk Takers?
When millionaire Steve Fossett's plane went missing over the Nevada range in 2007, the swashbuckling adventurer had already been the subject of two prior emergency rescue operations thousands of ...
The ‘New Abnormal’ of Wildfires and Smoky Skies Beyond California
It was a smell that invoked a memory—both for Emily Kuchlbauer in North Carolina and Ryan Bomba in Chicago. It was smoke from wildfires, the odor of an increasingly hot and occasionally on-fire ...
Wind Turbines That Shake and Break Cost Their Maker Billions
Wind turbines make money when they spin. But when they shake, it can cost billions. Siemens Energy AG is struggling to contain the fallout after discovering a main piece on the frame of its wind ...
Stucco-Eating Giant African Land Snails Put Parts of Florida Under Quarantine
If it's not malaria-carrying mosquitoes, it's stucco-eating giant snails. Neighborhoods in Broward County are still under quarantine in an effort to limit the spread of the giant African land snails, ...
University Files Lawsuit Against Lloyd’s For Unpaid Cyber Insurance Claims
The Regents of the University of California sued Lloyd's of London, arguing the company refused to reimburse the university system for the costs of data breaches covered in a ...
GEICO to Pay $805K to Settle Overtime Wage Disputes With Claims Adjusters
Insurer GEICO has agreed to pay $805,000 total to settle class action lawsuits by claims adjusters alleging they were entitled to unpaid wages for overtime worked between May 27, 2019 and May 27, ...