Industry News
The record-setting $6.3 billion hack of Binance, the world’s biggest cryptocurrency exchange, has been blamed on alleged North Korean hackers, who have become infamous for preying on the digital-asset industry. North Korean hackers have been accused by the FBI and …
Via: Claims Journal
Binance posted a net outflow of $3.6 billion in cryptoassets after restoring customer withdrawals on Sunday, a relatively soft blow to its overall business in the wake of the largest cyber theft in history, which has been attributed to North …
Via: Claims Journal
A $2.2 billion underwriting loss in 2025 certainly isn’t anything to celebrate, but when it comes to U.S. commercial auto insurers, there may be a reason to crack a smile. According to a new report from AM Best, the loss …
Via: Claims Journal
Meta Platforms has settled with a teen plaintiff who accused the company of designing Instagram and Facebook to be addictive, causing her mental health problems and disordered eating, attorneys for the plaintiff said on Friday. The settlement came after jury …
Via: Claims Journal
Bayer AG won a St. Louis trial over its Roundup weedkiller, defeating claims by three women who blamed the herbicide for their cancers and bolstering its efforts to draw a line under its U.S. litigation overhang. The unanimous verdict reached …
Via: Claims Journal
Justin Stoneman has been in the trucking industry for 27 years, operating out of central Michigan’s agricultural heartland. Hauling grain and fertilizer around the Midwest, his 12-odd tractor trailers generated more than $3 million in annual revenue during their best …
Via: Claims Journal
Barclays Plc is looking to buy default protection on more than $10 billion of debt to finance artificial intelligence infrastructure in a bid to create capacity for more lending as hyperscaler funding needs soar. The London-based lender has been assessing …
Via: Claims Journal
A growing source of cyber insurance claims is wrongful data collection. Even though the cost of these claims individually is generally low, their rising frequency should be of concern to underwriters and policyholders. California has now narrowed one of the …
Via: Claims Journal
General Motors will pay $220 million to settle allegations that it illegally sold drivers’ private behavior and location data to brokers, who then sold the information to insurers that used it to set and sometimes increase rates. The settlement, announced …
Via: Claims Journal
A South Korean court on Thursday rejected a lawsuit by dozens of Tesla owners seeking full refunds for money paid for “Full Self-Driving” driver-assistance software, ruling that the automaker had not breached its contractual obligations. The Seoul Central District Court …
Via: Claims Journal