Eleven tornadoes were reported across the Midwest, with five coming in Illinois, four in Ohio and two in Michigan, the US Storm Prediction Center said as of 7 a.m. New York time. In addition, there were 36 instances of high …
Family Dollar will pay $41.7 million for holding food, drugs, medical devices, and cosmetics under insanitary conditions at company’s West Memphis, Arkansas, distribution center. A criminal information charged Family Dollar with one misdemeanor count of causing FDA-regulated products to become …
Six people have been indicted in connection with the alleged filing of fraudulent insurance claims through their auto body repair business in Everett, Massachusetts. Four of the defendants were arraigned this week in Middlesex Superior Court, while two others also …
Millennials are much more likely to view AI as a positive development in property/casualty insurance compared to other generations, according to a new report that underscores contrasting perspectives of different generations toward AI technology and its impact on insurance. The …
Claims adjudicators rely heavily on data to make informed decisions. It’s the nature of the work: assessing a claim correctly requires a sizable amount of information, such as policy coverage details, underwriting terms, data on the claimant’s past health, reason …
MGM Resorts International disclosed that state and federal regulators were probing a cyberattack on its systems that took place in September and caused a $100 million hit to the company’s third-quarter results. The casino operator intends to respond to the …
The continuing saga of the Houston-based plaintiffs’ law firm of McClenny Moseley & Associates, suspended and sanctioned for flooding courts with erroneous lawsuits against property insurers in Louisiana, has taken a new political twist in recent days. It also has …
CENTENNIAL, CO., February 27, 2024 – Commercial Restoration Company (CRC), a leading national provider of commercial restoration and reconstruction services, proudly announces the promotion of Chuck Borden to the position of Chief Executive Officer (CEO). Chuck, who previously held the …
Berkshire Hathaway Energy Co.’s PacifiCorp sold $3.8 billion of US investment-grade bonds to help fund settlement claims related to wildfires in Oregon. The electric utility issued debt in four parts, with the longest portion — a long 30-year fixed-rate note …
Southern California Edison agreed to pay the United States $80 million to cover costs and damages incurred by the U.S. Forest Service from the 2017 Thomas wildfire in California’s Los Padres National Forecast, the Department of Justice said on Monday. …