Uber Technologies (NYSE:UBER) is seeking to recover millions in legal fees spent trying to defend what the company alleges are “fraudulent insurance claims” in California. In a federal case filed in a California district court, Uber (NYSE:UBER) claims a group of lawyers in Los Angeles directed passengers to “pre-selected medical providers” who subsequently submitted inflated medical bills to treat “negligible or non-existent injuries from minor collisions” between 2019 and 2024, according to Bloomberg. Uber (NYSE:UBER) claims the lawyers named in the case allegedly took advantage of a $1 million ride-share insurance policy limit by inducing “significantly larger settlement payments,” which…
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Legendary Chicago Cubs second baseman Ryne Sandberg posted an update to his health on Instagram, saying he is “continuing to fight” his cancer.Sandberg was diagnosed with prostate cancer in January 2024. He underwent treatment and shared he was declared cancer-free in August of that year. In December he let fans know the cancer had come back and spread to other organs, CBS Sports reported.Last week, Sandberg shared another update on his social media, writing, “It’s been a challenging few months as I have been going through treatment on a regular basis. While I am continuing to fight, I’m looking forward…
Stock-Asso // Shutterstock9 reasons a commercial insurance claim could be deniedBusiness owners can spend valuable time and effort to file a claim on their small business insurance, but in some cases, the claim could be denied. But why? What went wrong?The reasons behind insurance claim denial are common — and in many cases more preventable — than you might think.NEXT has addressed thousands of commercial insurance claims across industries and policies and though some denials may be unavoidable, there are common pitfalls behind denials that many small business owners don’t fully understand.While this list isn’t exhaustive, small business insurance claims…
The cost of health care may skyrocket for 1.5 million people in the Carolinas.Multi-million dollar Medicaid fraud scheme uncovered in CarolinasAffordable Care Act insurers are proposing their steepest premium increases since 2018, according to a health policy research group. The data found an average rate increase of 15% of 105 insurers in 19 states and Washington, D.C. for next year.VIDEO: ACTION 9: New car insurance rates impact drivers statewide
W. R. Berkley has appointed Shadi Albert as the new president of its subsidiary, Vela Insurance Services, succeeding Arthur Davis. Davis will transition to the role of chairman, providing guidance during the changeover period, the company said. As a W. R. Berkley company, Vela Insurance specialises in providing excess and surplus lines casualty and professional liability insurance solutions across four distinct market segments. Albert joined Berkley in 2023 as president of Berkley Luxury Group. His prior experience includes serving as executive vice-president of strategy and business development at a major US insurance group. Davis, who has been with Vela…
Hertz’s new artificial intelligence-powered scanners are flagging customers for minor dents, scratches and blemishes in the company’s rental cars — charging hundreds of dollars in fees. But there are steps you can take to avoid getting hit with surprise damage claims. From choosing where to rent to documenting every inch of your vehicle, renters have options to protect themselves from what some customers say is an overly aggressive and opaque system. The company, which insisted that the scanner “only detects billable damage,” has previously defended the technology, saying that “the vast majority of rentals are incident-free” and that “when damage…
From checking your policies for gaps in coverage to looking for ways to lower your premiums, there are various insurance-related tasks you should take care of heading into fall. Your fall season insurance preparation should also include comparison shopping to find out which insurer can offer you the best deal on the coverage you need. Read below for a comprehensive insurance checklist for the fall season, including insurance review tips for the coverage types you need to protect against common autumn hazards. Key Takeaways Autumn is a great time to review all of your insurance policies to figure out if…
SEOUL July 21 (UPI) — South Korea’s Hyundai ADM Bio said Monday that the company is working on a new drug, Penetrium, intended to help enhance the efficiency of traditional cancer treatments. The firm said that its novel approach focuses on targeting the supportive structure around cancer cells, called the tumor microenvironment. or TME, which refers to the intricate network of elements that surrounds and sustain a tumor. The interplay between cancer cells and their nearby components promotes tumor growth and invasion into healthy tissues, resulting in treatment resistance and poor clinical outcomes,” Hyundai ADM Bio research head Kim Su-jong…
An updated edition of the June 10, 2025, article.The global cancer treatment market is experiencing rapid growth, driven by rising cancer incidence, aging population and increasing demand for safer, more effective therapies. Per the American Cancer Society, in the United States alone, over 2 million new cancer cases and 618,000 related deaths are projected for 2025.Breakthroughs in immunotherapy, targeted treatments, and personalized cancer vaccines are reshaping the oncology landscape. These next-generation therapies offer greater precision and improved outcomes, supporting strong market expansion.Major pharma companies — including Novartis NVS, AstraZeneca AZN, Johnson & Johnson JNJ, Pfizer PFE, AbbVie ABBV, Bristol Myers…
The US’s six largest health insurers reported massive profits last year, doling out billions on stock buybacks and dividends. That hasn’t stopped them from pushing for sharp hikes to Americans’ insurance premiums. The six largest health insurers reported more than $1 trillion in revenue and more than $31 billion in net income last year — and are now pushing to raise Americans’ premiums by as much as 66 percent for some policies, according to recent state regulatory filings. The proposed increases come as insurers dole out billions to further enrich top brass and shareholders through stock buybacks and dividends. In…