Industry News
Texas said Vanguard Group Inc. agreed to pay a total of $29.5 million to settle a lawsuit brought by a dozen states that accused the asset manager of colluding to manipulate the energy market and reduce coal output. As part …
Via: Claims Journal
Walmart agreed to pay $100 million to settle a suit by the FTC and a group of states alleging the company withheld tips and misrepresented wages to order drivers.
Via: Claims Journal
Ford Motor said Thursday it is recalling 4.3 million pickup trucks and SUVs in the U.S. because a software error may cause trailer brakes not to function and exterior lights to fail. The U.S. automaker said the recall covers the …
Via: Claims Journal
The idea from Citrini Research that artificial intelligence will trigger widespread unemployment is prompting a global backlash from investors and economists. In the past few days, experts from Citadel Securities, Deutsche Bank AG, Fidelity International, Liontrust Asset Management Plc and …
Via: Claims Journal
OpenAI said it banned accounts linked to Chinese law enforcement, romance scammers and influence operations, including a smear campaign against Japan’s first woman prime minister, in a report detailing the misuse of its ChatGPT technology. The company said several accounts …
Via: Claims Journal
Twenty professional models who sued three Massachusetts-based strip clubs alleging that the clubs used their images in commercial advertisements without their consent and without paying them have been denied their bid to collect from one of the clubs’ insurers on …
Via: Claims Journal
In all-risk policies, an excluded cause of damage must be the sole cause of damage for the exclusion to apply, a federal appeals court decided last week in an opinion that clarifies North Carolina law but could make some claims …
Via: Claims Journal
U.S. recall activity reached one of the highest levels in the past decade, as the consumer products, food and drinks and pharmaceutical sectors all experienced higher recall volumes than 2024. Roughly 3,295 recalls were recorded across the five industries analyzed, …
Via: Claims Journal
The winter storm that brought several feet of snow and blizzard conditions to parts of the Northeast this week resulted in $34 billion to $38 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. More …
Via: Claims Journal
A hacker exploited Anthropic PBC’s artificial intelligence chatbot to carry out a series of attacks against Mexican government agencies, resulting in the theft of a huge trove of sensitive tax and voter information, according to cybersecurity researchers. The unknown Claude …
Via: Claims Journal