Industry News
The North Carolina Supreme Court in 2024 famously bucked the trend on COVID-19 business-interruption coverage, finding that an insurer owed coverage to a restaurant that was forced to close during the pandemic. But that ruling is not enough to overturn …
Via: Claims Journal
The billionaire Los Angeles Dodgers owner Mark Walter’s sprawling investment empire is facing scrutiny from U.S. prosecutors, who have been investigating potential financial improprieties at two of his insurance companies and at Guggenheim Partners LLC, according to people with knowledge …
Via: Claims Journal
Amgen reached a $74 million settlement of a lawsuit accusing the biotechnology company of waiting too long to disclose that it might owe the Internal Revenue Service $10.7 billion for underreporting six years of taxes. A preliminary settlement of the …
Via: Claims Journal
A federal judge in San Francisco on Monday signed off on artificial intelligence company Anthropic’s landmark $1.5 billion settlement of a class action lawsuit brought by a group of authors who accused it of misusing their books to train its …
Via: Claims Journal
Novo says Lilly's advertising campaigns rely on outdated weight-loss comparisons with lower doses of Novo's own obesity shot Wegovy than what's currently available.
Via: Claims Journal
London’s office market is weighing the possibility of lower prices for properties that don’t come with cooling options such as air-conditioning, according to real estate brokers and consultants. “Heat is now up there as a red flag,” said Chris Cummings, …
Via: Claims Journal
Speeding in your car to work, to pick up your children from school, or go from one errand to the next not only wastes money in gas and sends harmful emissions into the air, it barely saves you time, new …
Via: Claims Journal
It’s no surprise given the penetration of artificial intelligence into lives and businesses that it appears insurers are gearing up to exclude artificial intelligence risk in some of their commercial liability policies. Three ISO exclusions have garnered more interest from …
Via: Claims Journal
Snap Inc. said it has reached a tentative agreement to settle the second case set for trial over claims that the world’s largest social media platforms are addictive to minors, leaving only Meta Platforms Inc. to face a jury starting …
Via: Claims Journal
Michigan health officials reported 6,148 cases linked to an outbreak of cyclosporiasis on Monday, an increase of 1,146 cases since their last update on Friday. The outbreak in Michigan has resulted in 102 hospitalizations, according to the latest update from …
Via: Claims Journal