Industry News
A federal judge on Monday rejected Elon Musk’s bid to void a jury verdict finding that the world’s richest person defrauded Twitter investors by trying to drive down the social media company’s stock price after agreeing to a $44 billion …
Via: Claims Journal
Citadel Securities LLC said it was the victim of the same alleged insider-trading scheme that rival Susquehanna International Group claims made more than $100 million on options bets placed ahead of a Chinese regulatory crackdown. Ken Griffin’s market-making firm late …
Via: Claims Journal
A longtime claims manager for Auto-Owners Insurance Co. has been charged with defrauding the company of more than $43,000. Ian V. Eisnaugle, 41, of Hendersonville, North Carolina, was charged with insurance fraud and forgery in June after he reportedly submitted …
Via: Claims Journal
Insurance Journal’s Risky Future series is hosting the “AI Tools for Underwriting” Demo Day, a series of free AI tool demonstrations designed exclusively for Carriers, MGAs, Specialty Program Leaders, and of course, Underwriters and Claims professionals. This event spotlights AI …
Via: Claims Journal
A federal judge on Monday rejected United Airlines’ bid to dismiss a lawsuit by passengers who complained they paid extra money to sit in window seats, only to discover their seats had no windows. U.S. District Judge James Donato in …
Via: Claims Journal
Liberty Specialty Markets named Sarah Howell head of claims for the U.K. and the Middle East and North Africa region. Howell will report to Mike Gillett, chief claims officer, Liberty International Insurance, and Luis Prato, president, U.K. and MENA. She …
Via: Claims Journal
The FBI is investigating whether a subsidiary of the data-collection firm Alarum Technologies Ltd. had a role in linking customers’ home internet devices without their consent into a network that people can use to disguise their locations, according to documents …
Via: Claims Journal
The insurers of the Nord Stream pipelines don’t have to pay €580 million ($662 million) after a judge ruled that the sabotage of the pipes bringing Russian gas into Europe was the consequence of the war in Ukraine. Nord Stream …
Via: Claims Journal
The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began, but, with long-term peace elusive and buffer reserves now drained, it still faces the looming risk of future …
Via: Claims Journal
The 2026 hurricane season may turn out to be a quiet one, as predicted by long-range forecasts this year. But that only means that businesses should have more time to review and rehearse their emergency plans before the next storm …
Via: Claims Journal