Industry News
The Bucks County district attorney announced criminal charges against the owner and operator of Advanced Public Adjusters. Greg A. Micucci, of Bristol, Pennsylvania, is accused of misappropriating approximately $140,000 in insurance claim funds intended for nine victims and their contractors. …
Via: Claims Journal
Samsung Electronics must pay a $392 million lump sum for a license to use ZTE’s patents for mobile phones, London’s High Court ruled on Friday in the English leg of the companies’ global licensing dispute. ZTE has brought parallel lawsuits …
Via: Claims Journal
A steel producer must spend $12 million to mitigate hazardous waste violations at its Ohio facility. The Department of Justice announced a proposed settlement with Cleveland-Cliffs Steel Corporation over releases of hazardous waste at its Middletown Works operation. Under a …
Via: Claims Journal
Ford is recalling 179,698 vehicles in the U.S. due to a loose bolt in the front seat frame, the U.S. National Highway Traffic Safety Administration said on Friday. The recall includes certain 2024-2026 Ranger and Bronco vehicles. A seat with …
Via: Claims Journal
The fate of the Strait of Hormuz—through which about a fifth of the world’s oil and LNG flowed before the war—lies at the heart of the current stalemate.
Via: Claims Journal
Prosecutors said the man they charged with starting the deadly 2025 Palisades Fire in Los Angeles was upset about a failed relationship and not having New Year’s Eve plans just before he set a small blaze which rekindled six days …
Via: Claims Journal
Commercial property insurer FM said it plans to distribute a membership credit of $1.5 billion for eligible mutual policyholders, crediting partnership, protection and loss prevention. The credit is the company’s largest, largely driven by FM’s clients’ risk mitigation and loss …
Via: Claims Journal
Insurers are seeing gains from artificial intelligence, but many are also exposing themselves to unnecessary risks, according to a new Grant Thornton report. The independent CPA firm’s 2026 AI Impact Survey Report found that 44% of insurance executives say governance …
Via: Claims Journal
U.S. economic growth regained speed in the first quarter as businesses boosted investment in artificial intelligence and government spending rebounded after a crippling shutdown, but the pickup is likely temporary, with the Middle East conflict raising inflation and eroding household …
Via: Claims Journal
The Paris prosecutor’s office has opened an investigation into a 15-year-old, suspected of having hacked the country’s ID agency and trying to sell the data of millions of French people on the dark web this month, it said on Thursday. …
Via: Claims Journal