Industry News
The U.S. Federal Trade Commission reached a settlement resolving its antitrust case against Zillow Group Inc. and Rocket Companies Inc.’s Redfin, the agency said. Redfin will re-enter the market to independently sell online rental listings, an FTC lawyer told a …
Via: Claims Journal
JPMorgan Chase & Co. and Morgan Stanley are among banks shareholders are suing over their roles on multibillion-dollar buyout deals after a recent corporate-law overhaul failed to protect financial advisers from potential liability. In cases against financial advisers, shareholders have …
Via: Claims Journal
Londoners are facing historic levels of subsidence risk after five successive heat waves dried out the clay soil on which much of the city is built. Insurance claims tied to subsidence — a phenomenon associated with bouts of hot, dry …
Via: Claims Journal
Los Angeles is bracing for a lengthy heat wave as the weather system that’s cooked Texas expands westward and begins stripping moisture from Southern California’s terrain. Heat alerts stretch from Santa Barbara along California’s central coast to the U.S.-Mexico border …
Via: Claims Journal
USI Insurance Services has sued three former producers, who “reneged on their contractual obligations” in a move to competitor Howden US, the brokerage alleged. According to a lawsuit filed earlier this month in U.S. District Court for the Eastern District …
Via: Claims Journal
When Dan Landau ordered a portable photo printer from Amazon.com Inc., he expected the confirmation email to tell him what was on its way. Instead, he was notified that his “luggage” was coming. In another instance, the 38-year-old head of …
Via: Claims Journal
Scientists have recorded the highest temperature ever measured in the world’s oceans, as climate change combines with a powerful El Niño in the tropical Pacific. The global average sea-surface temperature hit a record 21.1C (70F) on Aug. 22, according to …
Via: Claims Journal
Insurance Journal’s Risky Future series is hosting the “AI Tools for BPO & Consulting” Demo Day, a series of free AI tool demonstrations designed exclusively for Carriers, MGAs, Retail Agencies and Operations Executives. This event spotlights AI solutions that focus …
Via: Claims Journal
The U.S. National Highway Traffic Safety Administration said on Friday it has opened a probe into 997,743 General Motors pickup trucks and SUVs over concerns related to engine failure. The vehicles include the Cadillac Escalade, Chevrolet Silverado 1500 and GMC …
Via: Claims Journal
The National Weather Service confirmed that a tornado touched down at Long Island’s Atlantic Beach on Thursday evening amid powerful storms in the New York City area. No serious injuries were reported, but the tornado forced the temporary closing of …
Via: Claims Journal