Industry News
Former Red Lobster owner Thai Union Group Plc said the money-losing $20 all you-can-eat shrimp promotion that has become a focus of litigation arising from the restaurant chain’s bankruptcy wasn’t its idea, arguing that the company’s managers introduced it to …
Via: Claims Journal
Brown & Brown anticipates that the cost of the Howden-driven talent war for the full-year 2026 could hit $60 million – an increase from the $31 million it estimated last quarter. “Based on currently available information, we anticipate the full-year …
Via: Claims Journal
Amazon’s Zoox unit won U.S. approval on Wednesday for limited commercial deployment of its novel steering-wheel-free robotaxis, a first for the autonomous ride industry, the U.S. auto safety agency said Thursday. The exemption from National Highway Traffic Safety Administration rules …
Via: Claims Journal
More than 85% of cyber losses in the first half were from attacks that exploited human error, specifically where the point of failure included phishing, social engineering, or transfer fraud.
Via: Claims Journal
The OpenAI models that hacked the startup Hugging Face Inc. this month also gained access to a customer account on the cloud platform Modal and used it to launch attacks, underscoring the broad scope of the incident. The agent gained …
Via: Claims Journal
A former Goldman Sachs senior compliance officer has been awarded £1.45 million ($1.93 million) for sex discrimination and unfair dismissal after he was fired while on parental leave, a London court has ruled. Jonathan Reeves, a Goldman veteran who last …
Via: Claims Journal
The Federal Trade Commission, Utah and Los Angeles County sued Hims & Hers Health Inc. Wednesday for allegedly misleading consumers about its products and sharing their private health information with Meta Platforms Inc. and Snap Inc. Hims shares extended losses …
Via: Claims Journal
SpaceX’s X and the World Federation of Advertisers (WFA) said on Wednesday they had settled litigation over an alleged advertiser boycott of the social media platform linked to the now-defunct Global Alliance for Responsible Media (GARM). The move marks a …
Via: Claims Journal
Artificial intelligence has “radically shifted” the cyber risk landscape, and the average cost of a data breach has reached a record of nearly $5 million. According to IBM’s Cost of a Data Breach Report, cyberattackers are using AI and attacking …
Via: Claims Journal
Florida lawmakers knew they had a billion-dollar insurance problem. The state is a magnet for hurricanes, and the cost of damages from extreme weather has risen sharply over several decades. Scientists say this is a consequence of climate change, and …
Via: Claims Journal