Industry News
Thanksgiving is the No. 1 day of the year for home cooking fires in the U.S., and leaving food unattended is the leading cause of those incidents, the Red Cross reported. According to the National Fire Protection Association, cooking accounts …
Via: Claims Journal
Most insurance consumers (64.3%) are worried that lawsuits increase their premiums, and an even larger majority of consumers think the legal system is being used in ways that drive up insurance costs, according to a new survey from the Independent …
Via: Claims Journal
Utilities across the U.S. and Europe are contracting with AI startups to map wildfire risk along thousands of miles of power lines.
Via: Claims Journal
Binance Holdings Ltd. faces a lawsuit claiming the cryptocurrency platform “knowingly facilitated” crypto transactions by Hamas before the group attacked Israel on Oct. 7, 2023, killing 1,200 people and taking 250 hostages. More than 300 victims and family members of …
Via: Claims Journal
Royal Bank of Canada denies claims that it fostered a “boys’ club” environment at its U.S. capital-markets business, disputing allegations that the firm engaged in sex-based discrimination against female bankers and offered unequal pay and promotions to women. In a …
Via: Claims Journal
A motorist in western North Carolina escaped injury when the carcass of a cat crashed into the passenger side of her front windshield along a highway near the Great Smoky Mountains National Park. In a call to 911, the unidentified …
Via: Claims Journal
Elon Musk’s social media platform X has ended its lawsuit against elite law firm Wachtell, Lipton, Rosen & Katz that sought to recover most of a $90 million fee the firm received for defeating Musk’s bid to walk away from …
Via: Claims Journal
Ohio utility regulators ordered Akron-based FirstEnergy to pay more than $250 million in fines and refunds as a result of its misconduct in a sweeping Statehouse bribery scandal whose fallout continues five years on. The punishment meted out by the …
Via: Claims Journal
The U.S. Supreme Court declined on Monday to hear a bid by a former UBS bond strategist to revive a $2.6 million jury award in his lawsuit accusing the Swiss bank of unlawfully firing him for refusing to publish misleading …
Via: Claims Journal
Sen. John Kennedy has introduced a new bill aimed at reforming the courtroom practice of third-party litigation funding. Kennedy, R-La., introduced the Protecting Our Courts from Foreign Manipulation Act last week, and it was immediately supported by the insurance industry …
Via: Claims Journal