Industry News
Vehicle thefts in the U.S. fell by 17% in 2024 from a year earlier, the largest annual decrease in vehicles stolen in the last 40 years, a new report shows. In 2024, 850,708 vehicles were stolen nationwide, down from a …
Via: Claims Journal
The biotechnology company Cassava Sciences failed on Wednesday to end a malicious prosecution lawsuit by doctors and short-sellers who expressed doubts about its experimental, soon-to-be-discontinued Alzheimer’s drug simufilam. U.S. District Judge Jennifer Rochon in Manhattan said Adrian Heilbut, Jesse Brodkin, …
Via: Claims Journal
Liberal Party Leader Mark Carney promised a C$2 billion ($1.4 billion) “strategic response fund” to help Canadian auto manufacturing and strengthen a supply chain that’s under threat from US tariffs. Carney, who became prime minister less than two weeks ago, …
Via: Claims Journal
Artificial intelligence company Anthropic convinced a California federal judge on Tuesday to reject a preliminary bid to block it from using lyrics owned by Universal Music Group and other music publishers to train its AI-powered chatbot Claude. U.S. District Judge …
Via: Claims Journal
Another above-average hurricane season will threaten the Atlantic this year, with as many as six storms affecting the U.S., AccuWeather Inc. said. Between 13 and 18 storms will at least reach tropical storm strength, and seven to 10 of those …
Via: Claims Journal
A Los Angeles Department of Water and Power (LADWP) above-ground power line near the Pacific Palisades was energized when the Palisades Fire began early this year, but that there is no evidence that the line contributed to the blaze, the …
Via: Claims Journal
New bursts of yellow dot the hills of Mendocino County. Smears of burnt orange now span the aqueduct near Bakersfield. A fresh splash of crimson juts east of Chico like a fresh wound. With the release of its fourth and …
Via: Claims Journal
Ripple Labs agreed to settle a U.S. Securities and Exchange Commission civil lawsuit over the alleged sale of unregistered securities and pay just $50 million of a previously imposed $125 million fine, the cryptocurrency company’s chief legal officer said on …
Via: Claims Journal
In the past few years, we’ve seen a significant rise in bad faith claims against insurers in the U.S. According to a 2022 article by Reuters, multiple jurisdictions have lowered barriers for insured parties, making it easier to establish bad …
Via: Claims Journal
Ticketmaster may have broken U.K. law by selling some Oasis concert tickets for 2.5 times what it charged for other seats without informing the public of its pricing plans, regulators in London said. The Competition and Markets Authority began investigating …
Via: Claims Journal