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Chicago Health Care Company to Pay $2M To Settle False Claims Act Suit
Insurance Journal | June 20, 2024
Chicago Health Care Company to Pay $2M To Settle False Claims Act Suit
A Chicago health care company and its former owners will pay nearly $2 million to the United States and the States of Illinois and Indiana to resolve a civil lawsuit arising from the submission of false claims to Medicare and …
Texas Electricity Demand Could Nearly Double in Six Years – ERCOT
Insurance Journal | June 20, 2024
Texas Electricity Demand Could Nearly Double in Six Years – ERCOT
The state’s main electric grid operator has sharply increased its prediction for how much power demand will increase in coming years. If it’s accurate, the state would need to be able to provide nearly double the amount of power within …
Heat Wave Sweeps Across Midwest and Northeast, Bringing Safety Measures
Insurance Journal | June 20, 2024
Heat Wave Sweeps Across Midwest and Northeast, Bringing Safety Measures
TOLEDO, Ohio (AP) — Stifling heat blanketed tens of millions across United States on Tuesday, forcing people and even zoo animals to find ways to cool down as summer arrives in what promises to be a sweltering week. Extreme heat …
AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey
Insurance Journal | June 20, 2024
AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey
A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a survey conducted by Gallagher Bassett, the claims-services provider and subsidiary of Arthur J. …
Golden Pass LNG Warns of Delays After Contractor’s Bankruptcy
Insurance Journal | June 20, 2024
Golden Pass LNG Warns of Delays After Contractor’s Bankruptcy
The developers of the Golden Pass LNG export facility that’s under construction in Texas warned of additional costs and delays due to the bankruptcy of contractor Zachry Industrial Inc. “Construction of a project of this magnitude, capable of employing nearly …
Industry Groups Back Drugmakers’ Appeal in Zantac Cancer Lawsuits
Insurance Journal | June 20, 2024
Industry Groups Back Drugmakers’ Appeal in Zantac Cancer Lawsuits
A bid by GSK and other drugmakers to stop more than 70,000 lawsuits in Delaware over discontinued heartburn drug Zantac has received the backing of leading U.S. industry groups, including the United States Chamber of Commerce and Pharmaceutical Research and …
Missing Student in Nashville Died of Intoxication and Drowning, Autopsy Shows
Insurance Journal | June 20, 2024
Missing Student in Nashville Died of Intoxication and Drowning, Autopsy Shows
NASHVILLE, Tenn. (AP) — Riley Strain, a University of Missouri student whose body was recovered from a river after going missing in Tennessee’s capital for nearly two weeks, died from accidental drowning and intoxication, according to a newly released autopsy …
Alabama Insurance Producer Pleads to Threatening Prosecutor in Trump Case
Insurance Journal | June 20, 2024
Alabama Insurance Producer Pleads to Threatening Prosecutor in Trump Case
ATLANTA (AP) — An Alabama insurance producer pleaded guilty Tuesday to leaving threatening phone messages for Fulton County District Attorney Fani Willis and the county sheriff last summer because he was angry over the election-interference investigation into former President Donald …
Massachusetts Restores 911 Emergency System After Outage of Several Hours
Insurance Journal | June 20, 2024
Massachusetts Restores 911 Emergency System After Outage of Several Hours
The 911 system across Massachusetts was restored Tuesday after going down for several hours, which made it impossible for anyone to reach emergency services through the call number. The Massachusetts State Police announced around 3:45 p.m. that the system had …
Allstate Reports May Pretax Catastrophe Losses of $1.4B
Insurance Journal | June 20, 2024
Allstate Reports May Pretax Catastrophe Losses of $1.4B
Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events contributed to nearly $1.5 billion in catastrophe losses for May, with 70% attributable to five wind and hail events mostly …