Industry News
Artificial intelligence use is surging on farms as growers look for some high-tech help in planning and managing operations after years of scaling back on spending, according to McKinsey & Co. Some 17% of the world’s farmers now use generative …
Via: Claims Journal
A federal judge has declined to approve a class action lawsuit accusing GEICO of underpaying losses for totaled vehicles in New Jersey. The court declined to approve the class after concluding that individual issues outweighed the commonality of the proposed …
Via: Claims Journal
Amazon.com was sued on Tuesday in a proposed nationwide class action accusing the retailer of systematically discriminating against thousands of pregnant employees, including by firing some it claimed took too much time off. According to a complaint filed by four …
Via: Claims Journal
A federal judge has ruled that J.M. Smucker can proceed with a lawsuit against Trader Joe’s over frozen sandwiches that Smucker claims are too similar to its Uncrustables. Smucker sued Trader Joe’s in federal court in Ohio last fall, claiming …
Via: Claims Journal
Deutsche Bank said it has settled a lawsuit with a second former employee who sought damages in a case involving business with Italy’s Monte dei Paschi, days ahead of a trial that threatened to embroil the bank’s CEO. The banker, …
Via: Claims Journal
The wildfires that plagued Washington for nearly half the summer put new Insurance Commissioner Patty Kuderer and her office to a test. Kuderer has been in office for over a year-and-a-half. However, she’s relatively new considering her predecessor, Washington Commissioner …
Via: Claims Journal
The $320 million hack of the Bitcoin-linked Liquid Network is another dent to crypto’s reputation as the industry tries to convince banks and institutional investors that digital assets can become part of mainstream financial infrastructure. The damage extends beyond the …
Via: Claims Journal
Hurricane Lowell passed west of Hawaii, where heavy rains may cause hundreds of millions of dollars of damage. Lowell, with top winds of 105 miles (169 kilometers) per hour, edged west of Kauai but is still dropping heavy rain, as …
Via: Claims Journal
I have been writing about the insurance risks of intoxicating hemp products since 2021, when delta-8 THC gummies first started showing up in convenience stores and gas stations across the country. Back then, our message to the cannabis, hemp and …
Via: Claims Journal
Tesla Inc. rolled out the Cybercab for its robotaxi service almost two years after the driverless car was unveiled, advancing Elon Musk’s futuristic vision while drawing fresh scrutiny from U.S. auto regulators. The closed-door launch in Austin last week was …
Via: Claims Journal