Progressive Settles New York Case Over Unpaid Sales Taxes on Total Loss Claims At the same time it is settling a New York class action about underpaying totaled loss claims for $48 million,... Read More
CSU Research Team Increases Atlantic Hurricane Forecast Hurricane Beryl got the respected team of researchers at Colorado State University to rethink its forecast for the Atlantic hurricane... Read More
Purdue Pharma Secures Litigation Ceasefire After Supreme Court Ruling Purdue Pharma on Tuesday received U.S. court approval for a 60-day freeze on lawsuits against its owners, members of the... Read More
Economic Loss in U.S. From Beryl Between $28B and $32B, Report Shows Total damage and economic loss from Hurricane Beryl in the U.S. is expected to be between $28 and $32 billion,... Read More
Insurers Fret Over Militant Attacks, AI Hacks and Big Claims at Paris Olympics Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions... Read More
GEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours Insurer GEICO has agreed to pay $6 million to settle claims by auto damage claims adjusters who allege the insurer... Read More
Crypto Hacking Thefts Double to $1.4B in First Half of 2024, Researchers Say The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a... Read More
Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the... Read More
State Farm Seeking Large Rate Increases in Wildfire-Prone California State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7%... Read More
U.S. P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion... Read More