Industry News
Glydways Inc., the robocar startup backed by Sam Altman, is in talks to raise an additional $250 million on the heels of a roughly $170 million Series C round, underlining the high hopes and daunting hurdles of developing closed-loop self-driving …
Via: Claims Journal
Insurance claims volumes in the United States declined across most lines in 2025, but risks remain elevated as insurers navigate complex and concentrated claims, according to an annual report from Verisk. Claims volumes were lower in 2025 than 2024 across …
Via: Claims Journal
A hacking group with a history of compromising major global corporations said it had stolen nearly 80 million business records from video game developer Rockstar Games, the maker of Grand Theft Auto. The claim was posted to the website used …
Via: Claims Journal
Albertsons Cos. announced a $774 million settlement to resolve all opioid-related claims, making the grocery chain one of the last major retailers to reach such a deal. Due to the settlement, the company recorded a charge of about $600 million …
Via: Claims Journal
Alphabet Inc.’s Google is facing billions of dollars in potential damage claims as part of mass arbitration tied to the company’s online search and advertising technology businesses, which courts have ruled were illegal monopolies. Advertisers are banding together to seek …
Via: Claims Journal
The U.S. Federal Trade Commission is negotiating antitrust settlements with the targets of its investigation into alleged advertiser boycotts of online platforms, including Elon Musk’s X, an agency lawyer told a federal appeals court Monday. “We are actually in settlement …
Via: Claims Journal
Weather forecasters from Colorado State University said on Thursday the 2026 Atlantic hurricane season was expected to fall below historical averages because of an El Nino formation sending winds across the southern U.S. that could rip apart tropical storms. “While …
Via: Claims Journal
OpenAI said on Friday it had identified a security issue involving a third-party developer tool called Axios and is taking steps to protect the process that certifies its macOS applications are legitimate OpenAI apps. The ChatGPT maker said it found …
Via: Claims Journal
First Brands Group’s former chief strategy officer asked a judge to dismiss a civil lawsuit that blames him in part for the auto-parts supplier’s collapse, arguing that founder Patrick James and his brother, Edward, concealed the alleged fraud that brought …
Via: Claims Journal
The top US trade official said restrictions on foreign technology will likely keep Chinese carmakers out of the US for the foreseeable future, throwing cold water on the prospect of those manufacturers establishing a foothold in the domestic auto market. …
Via: Claims Journal