Industry News
Alphabet unit Waymo said it had raised $16 billion in its latest fundraising round that valued the self-driving car startup at $126 billion, nearly tripling its valuation in less than two years. As one of the most sought-after applications of …
Via: Claims Journal
Almost three years ago, in May of 2023, a circuit court judge in Lee County, Florida, sharply criticized a restoration contractor, accusing him of concealing the true cost of condominium roof work in an assignment-of-benefits claim with Tower Hill insurance. …
Via: Claims Journal
A state high court has ruled subsidiaries of American International Group and Chubb cannot use the so-called “bump-up” exclusion in denying coverage for a settlement in a securities lawsuit. Late last month the Delaware Supreme Court affirmed a ruling from …
Via: Claims Journal
Tuesday's hearing is to force a reckoning for what activists say are a trove of Swiss bank accounts not fully covered in earlier probes leading Swiss banks to pay $1.25 billion.
Via: Claims Journal
An active 2026 tornado season is expected for the Central Plains, with roughly 15% more tornadoes than the 20-year average, according to the Kansas Institute of Tornado Dynamics. Factors influencing this forecast include persistent La Niña conditions, warmer-than-average Gulf of …
Via: Claims Journal
China banned concealed door handles on electric vehicles, the first country in the world to outlaw a design popularized by Tesla Inc. that is now facing global regulatory scrutiny due to a spate of deadly incidents. Cars sold in China …
Via: Claims Journal
A bill to initiate reforms to the California FAIR Plan that include changes to customer service and claims, and added transparency was introduced on Monday. Assembly Bill 1680, the Make It FAIR Act, authored by Assemblymember Lisa Calderon and sponsored …
Via: Claims Journal
The manager of London’s One Hyde Park apartment block, one of the world’s most expensive addresses, on Monday won its lawsuit against a British construction giant for just over 35 million pounds ($48 million) in pipework repairs. In the affluent …
Via: Claims Journal
A buzzy new social network where artificial intelligence-powered bots appear to swap code and gossip about their human owners had a major flaw that exposed private data on thousands of real people, according to research published on Monday by cybersecurity …
Via: Claims Journal
In the modern litigation environment, negotiation is no longer a soft skill. It is the dominant process by which 99% of litigated claims resolve. This reinforces the importance of mechanics—the actual “how” of the negotiation process. How often do we …
Via: Claims Journal