Industry News
Moderna Inc. agreed to pay $950 million to settle litigation related to the delivery technology behind its Covid shot, removing a looming financial risk for the struggling vaccine maker. The company has settled all litigation worldwide with Arbutus Biopharma Corp. …
Via: Claims Journal
Volkswagen AG is being sued by two U.S. dealerships who are challenging a plan to sell Scout Motors vehicles directly to consumers, bypassing their showrooms. The plan is an alleged deliberate breach of contract, according to a class-action complaint from …
Via: Claims Journal
European product recall activity rose for the seventh straight year in 2025, a new report shows. Sedgwick released its annual State of the Nation Product Safety and Recall Index report, which shows the 15,608 total recall events last year broke …
Via: Claims Journal
Excitement about adopting artificial intelligence technology is palpable in the insurance industry, but the reality is that while most carriers use artificial intelligence technology, few use AI at more than a small scale— and the vast majority of adjusters say …
Via: Claims Journal
Google is facing a lawsuit from the family of a 36-year-old Florida man who allegedly considered carrying out a “mass casualty attack” and ultimately committed suicide under the influence of the company’s Gemini chatbot. According to a suit filed Wednesday …
Via: Claims Journal
The U.S. financial services industry is on heightened alert for potential cyberattacks amid the unfolding U.S. war in Iran, with firms stepping up monitoring for threats that often rise during periods of geopolitical conflict, said executives and analysts. The killing …
Via: Claims Journal
Terrorism insurance pricing in the U.S. is hovering at an all-time low — a surprising reality at a time when geopolitical tensions, domestic extremism, and global instability dominate headlines. It comes down to the age-old dynamic of supply and demand, …
Via: Claims Journal
A U.S. judge sided with Uber Technologies Inc. in its complaint that American Transit Insurance Co., the largest taxi insurer in New York City, failed to defend the ride-hailing company in crash cases involving its drivers. ATIC breached its duty …
Via: Claims Journal
President Donald Trump said the U.S. would provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz, intending to head off a potential energy crisis caused by the war …
Via: Claims Journal
General Motors is restructuring how its U.S. dealers sell used vehicles, a bid to compete better with fast-rising online sellers like Carvana. The Detroit-based automaker said on Tuesday it is dissolving a long-standing program that helps its dealerships sell used …
Via: Claims Journal