Industry News
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
TikTok Inc. and Chinese parent ByteDance Ltd. agreed to pay $400 million to resolve a a Biden-era lawsuit by the Justice Department accusing the popular social media app of collecting data on children in violation of an online privacy law. …
Via: Claims Journal
Asset manager Apollo Global Management suffered a data breach last month in which hackers stole some personal information, according to a letter on Friday. The New York-based firm was among dozens of prominent U.S. financial institutions and other businesses that …
Via: Claims Journal
A federal judge on Friday dismissed major portions of a Ben & Jerry’s lawsuit accusing its former parent Unilever of trying to silence the ice cream maker’s social activism, dismantle its board and stop funding its namesake foundation. U.S. District …
Via: Claims Journal
Tesla Inc. and at least eight other automakers are recalling millions of cars in China over safety concerns with their door handles, a major step to address flaws that have led to vehicle entrapment and multiple fatalities. More than 4 …
Via: Claims Journal
A teen girl whose lawsuit was a test case in litigation accusing social media companies of deliberately addicting young people and fueling a mental health crisis dropped her claims against the owners of Instagram, Facebook, YouTube and Snapchat on Thursday, …
Via: Claims Journal
Abbott said on Thursday it reached a $670 million settlement to partially resolve the ongoing litigation over alleged harms linked to its specialty formulas for preterm infants. The settlement was agreed to by three law firms representing about 2,000 people …
Via: Claims Journal
A U.S. appeals court on Wednesday revived an investor lawsuit over the 2023 collapse of Signature Bank, saying the Federal Deposit Insurance Corp (FDIC) seizure of the lender did not take away shareholders’ right to sue. In a 3-0 vote, …
Via: Claims Journal
Daniel Ilg started out in the freight brokerage industry at 14 years old, learning from his dad how to match trucking companies with loads of goods that needed to move around the country. About two decades later, now running the …
Via: Claims Journal
Editor’s note: This is the first installment in a four-part series on the erosion of integrity in property claims. Part I measures the decline. Part II will document the misconduct driving it. Part III will trace the causes to a …
Via: Claims Journal