Industry News
U.S. Senators Elizabeth Warren and Josh Hawley are questioning six insurers, including State Farm Mutual Automobile Insurance Co. and Allstate Corp., over concerns about a growing number of claims that are closed without payment to policyholders. Warren, a Massachusetts Democrat, …
Via: Claims Journal
South Korean regulators urged financial institutions to promptly complete internal security inspections and report the results to authorities after a series of cyberattacks led to personal data breaches across the industry. “The entire financial sector should carry out swift and …
Via: Claims Journal
San Diego County has filed a lawsuit against mobile advertising technology company AppLovin Corp., alleging that it bypassed parental controls to serve ads for adult dating services, alcohol, vaping and graphic sexual content in games played by children. AppLovin, which …
Via: Claims Journal
Starbucks has been sued by consumers who said the coffee chain falsely advertised eight protein beverages as “sugar-free” because they contain lactose, a naturally occurring sugar in milk. Related: Starbucks Settles Florida Lawsuit Claiming Diversity Policies Were Illegal According to …
Via: Claims Journal
McDonald’s has been sued in federal court in Chicago in a proposed nationwide class action alleging the fast-food company illegally coordinates menu prices across its franchises and company-owned restaurants through an AI-powered pricing system. The lawsuit, filed on Friday, said …
Via: Claims Journal
More than a decade into a downturn caused by tax hikes, economic and political shocks, London’s high-end housing market has a new villain to contend with — intractable heat and flood risks. The assessment comes from Prime Purchase, the branch …
Via: Claims Journal
The key issue before the justices is whether climate lawsuits can be brought under state tort law, or if federal law preempts that.
Via: Claims Journal
The nation’s flood insurance program struggles to balance affordability, flood protection and cost to taxpayers, leaving millions vulnerable at a time when climate change is driving flood risk higher. Nationwide, just 2.4% of properties are covered by 4.5 million federal …
Via: Claims Journal
FBI and U.S. Coast Guard investigators have found evidence that hackers accessed the propulsion system of an oil supertanker as it was approaching the Texas coast this summer, according to U.S. officials familiar with the matter, an extraordinary breach that …
Via: Claims Journal
Fifteen U.S. states sued agrichemicals company Corteva on Thursday, alleging that the spinoff of its seed and genetics business into Vylor was designed to shield the company’s best assets from tens of billions of dollars in potential liabilities tied to …
Via: Claims Journal