Industry News
Google lost its long-running fight against a €4.1 billion ($4.7 billion) European Union antitrust fine after the bloc’s top judges said regulators were right to punish the U.S. giant for abusing Android’s market power. The European Court of Justice ruled …
Via: Claims Journal
The U.K.’s flood insurer of last resort is unfairly favoring wealthier households and will be reformed to reduce the burden of multimillion-pound payouts, the government said Wednesday. As part of the changes, Flood Re will lower the premiums it charges …
Via: Claims Journal
Chinese technology and e-commerce giant Alibaba and its U.S.-based payment processor have agreed to pay $600 million to resolve allegations that they failed to prevent illegal drug sales, the U.S. Justice Department said on Wednesday. The companies entered into non-prosecution …
Via: Claims Journal
A Swedish court on Wednesday ordered Alphabet’s Google to pay about $1.5 billion in damages to PriceRunner, the price comparison business owned by payments platform Klarna, for favoring its own shopping service in search results. The award, equivalent to around …
Via: Claims Journal
About three months after it detected suspicious activity within its network systems, AssuranceAmerica has started alerting consumers. The Atlanta-based managing general agency with about 9,500 agents selling personal auto, renters, and commercial auto policies in 14 states, said on March …
Via: Claims Journal
The U.S. won’t renew its trade deal with Canada and Mexico, choosing instead to conduct annual reviews of the pact in a decision that risks adding uncertainty for companies producing goods across North America. The U.S.-Mexico-Canada Agreement, or USMCA, will …
Via: Claims Journal
U.S. claim volume fell 8.9% from last year, with total claims dipping 13.1% below the five-year average, despite several large catastrophe events, a new report shows. What’s driving the trends isn’t the weather. Changes in policy language and policy provisions …
Via: Claims Journal
Cargo thieves may be operating sooner than you think to take advantage of the July 4 holiday, a new report shows. Verisk CargoNet is warning transportation and logistics stakeholders to prepare for elevated cargo theft risk during the July 4 …
Via: Claims Journal
Autonomous-driving startup Wayve is riding a tide of investor interest. The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across the technology and automotive sectors, from Nvidia to Mercedes-Benz …
Via: Claims Journal
The death toll from the twin earthquakes that struck Venezuela last week rose to nearly 2,000, as aftershocks eased in both frequency and intensity and authorities expanded recovery efforts.
Via: Claims Journal