Industry News
Small and midsize carriers “form the backbone” of the private insurance market, and they are being bogged down by the cost of regulatory and corporate compliance. The American Property Casualty Insurance Association (APCIA) is starting an initiative to try and …
Via: Claims Journal
Crédit Mutuel Arkéa said hackers stole money from it after gaining access to its computer systems, underscoring the growing cybersecurity risks for the banking sector. The French lender “was the victim of a cyberattack that enabled fraudulent transactions to be …
Via: Claims Journal
When OpenAI disclosed in October that it found a recording device planted in an executive conference room, a number of former employees had the same reaction — they were not surprised. Even before OpenAI launched ChatGPT in late 2022, some …
Via: Claims Journal
3M Co. is committing $7.35 billion over nine years to settle litigation related to its use of chemicals known as PFAS. The company said the commitment would address almost all of the 115,000 to 120,000 personal injury claims that are …
Via: Claims Journal
German drugs and agrochemicals group Bayer is expecting a $7.25 billion settlement on its Roundup weedkiller to come before Christmas, CEO Bill Anderson said on Tuesday. Related: Bayer Wins Roundup Trial as Settlement Decision Looms The company is seeking to …
Via: Claims Journal
Tesla has misled tens of thousands of South Korean customers by marketing driver-assistance software that the company knows cannot be legally used in most of its vehicles in the country, according to a complaint an advocacy group plans to file …
Via: Claims Journal
Pennsylvania Governor Josh Shapiro signed House Bill 1972 into law, updating the state’s public adjuster law by capping adjusters’ fees, requiring pre-contract disclosures, prohibiting kickbacks from contractors, and strengthening licensing enforcement. The new law provides stronger protections for homeowners, businesses, …
Via: Claims Journal
Parts of the private jet that crashed in Florida on Sunday killing nine people were found miles from the impact site, suggesting they broke off before the plane hit the ground, according to U.S. air safety investigators. Most of the …
Via: Claims Journal
Binance, which attributed the hack to North Korea, said the breach involved a "sophisticated, multi-stage campaign."
Via: Claims Journal
The Oregon Supreme Court will on Tuesday review a verdict that could expose Berkshire Hathaway’s PacifiCorp utility to tens of billions of dollars of potential damages over its role in four Oregon wildfires in 2020. Oregon residents and business owners …
Via: Claims Journal