Industry News
BNP Paribas shares tumbled on Monday, after a U.S. jury found the French bank helped Sudan’s government commit genocide by providing banking services that violated American sanctions, raising questions about whether the lender will be exposed to further legal claims. …
Via: Claims Journal
State officials on the front lines of preparing for natural disasters and responding to emergencies say severe cuts to federal security grants, restrictions on money intended for readiness and funding delays tied to litigation are posing a growing risk to …
Via: Claims Journal
The Vatican’s child protection board said the Catholic Church has a moral obligation to help victims of clergy sexual abuse heal. Financial reparations for the abused and tougher sanctions for the abusers and their enablers are essential remedies, it said. …
Via: Claims Journal
The U.S. National Highway Traffic Safety Administration said on Monday it has opened a preliminary probe into about 2,000 Waymo self-driving vehicles after reports that the company’s robotaxis may have failed to follow traffic safety laws around stopped school buses. …
Via: Claims Journal
Amazon’s cloud services unit AWS was struggling to recover on Monday from a widespread outage that knocked out thousands of websites along with some of the world’s most popular apps – Snapchat and Reddit – and disrupted businesses globally. The …
Via: Claims Journal
The state-backed hackers who breached cybersecurity company F5 Inc. broke in beginning in late 2023 and lurked in the company’s systems until being discovered in August of this year, according to people who were briefed by F5 about the incident. …
Via: Claims Journal
Thousands of complaints, millions of pages of internal documents and transcripts of countless hours of depositions are about to land in courtrooms, threatening the biggest social media companies.
Via: Claims Journal
To tell the public what it spends on insurance—an amount largely effected by what it calls legal system abuse—Uber has started to provide information on customers’ receipts. “To give you a sense of how bad the problem has gotten in …
Via: Claims Journal
Auto Value Professionals plans to expand into Georgia, North Carolina and Illinois. The company says the reason for the expansion is to answer the rising demand for professional automotive appraisal services.. Auto Value Professionals has its corporate headquarters in San …
Via: Claims Journal
Los Angeles County reached a tentative agreement to pay an additional $828 million to victims of childhood sexual abuse who filed lawsuits under a 2019 state law that raised the statute of limitations for such cases. The settlement addresses 400 …
Via: Claims Journal