Industry News
Alphabet-owned cybersecurity company Wiz said on Thursday it had found a sweeping flaw that could have compromised Microsoft and thousands of its cloud customers. Wiz said in a post on its website that a now-patched vulnerability in a key Microsoft …
Via: Claims Journal
Trucking and logistics stocks are poised for their worst month in more than a year, weighed down by mounting concerns over a recent legal decision that can hurt industry brokers, alongside disappointing earnings. A gauge for the group — the …
Via: Claims Journal
U.S. auto safety regulators opened an investigation into Tesla Inc.’s most-popular models after a series of complaints by drivers over the sudden failure of suspension in their vehicles. The National Highway Traffic Safety Administration has received 156 reports of apparent …
Via: Claims Journal
Europe’s insurers are bracing for a new era of catastrophe risk fanned by rising temperatures in the world’s fastest-warming continent. Insurers, reinsurers and brokers contacted by Bloomberg are already predicting increased premiums and bigger losses tied to natural catastrophes. Importantly, …
Via: Claims Journal
Edison International CEO Pedro Pizarro told investors “no other viable alternatives have appeared” to explain what caused a massive wildfire in the Los Angeles area last year other than equipment owned by the company’s Southern California utility. The company now …
Via: Claims Journal
Mercedes-Benz is recalling 310,667 vehicles in the U.S. due to risk of failure to detect an open door, the U.S. National Highway Traffic Safety Administration said on Thursday. The recall includes models such as CLA, A-Class, C-Class, CLE, GLA/GLB, and …
Via: Claims Journal
Lockheed Martin Corp. won a major legal victory in May when a Florida jury found that plaintiffs had failed to prove that the defense and aerospace giant had polluted groundwater around its Orlando manufacturing site and caused disease in nearby …
Via: Claims Journal
Analog Devices Inc. is assessing a new claim by a group of hackers who say they’ve stolen hundreds files containing information on customers of the computer chips maker. A hacking group known as ExfilSquad has claimed to have breached Analog …
Via: Claims Journal
Coinbase won the dismissal on Thursday of much of a lawsuit in which customers accused the largest U.S. cryptocurrency exchange of illegally selling securities without registering as an exchange or broker-dealer. Customers sued over 60 tokens, including XRP and dogecoin, …
Via: Claims Journal
Former Red Lobster owner Thai Union Group Plc said the money-losing $20 all you-can-eat shrimp promotion that has become a focus of litigation arising from the restaurant chain’s bankruptcy wasn’t its idea, arguing that the company’s managers introduced it to …
Via: Claims Journal