Industry News
A few days before Christmas, Howard Qin was scrutinizing weather forecasts on two laptops at home in Shanghai when he noticed prices of contracts for New York City snowfall creeping higher on the prediction market Kalshi. He checked the Times …
Via: Claims Journal
In the first outcome of the U.S. Department of Justice’s Civil Rights Fraud Initiative, IMB has agreed to about $17 million to settle charges related to the company’s diversity, equity, and inclusion (DEI) practices. “Racial discrimination is illegal, and government …
Via: Claims Journal
Ten new states are now part of a new wildfire preparedness designation program designed to help homeowners and builders in high-risk areas better protect properties and neighborhoods. The number of states added to the Insurance Institute for Business & Home …
Via: Claims Journal
The Texas attorney general’s office is investigating Lululemon Athletica Inc.’s apparel for the presence of so-called “forever chemicals,” which have been linked to health problems. “Emerging research and consumer concerns have raised questions about the potential presence of certain synthetic …
Via: Claims Journal
Glydways Inc., the robocar startup backed by Sam Altman, is in talks to raise an additional $250 million on the heels of a roughly $170 million Series C round, underlining the high hopes and daunting hurdles of developing closed-loop self-driving …
Via: Claims Journal
Insurance claims volumes in the United States declined across most lines in 2025, but risks remain elevated as insurers navigate complex and concentrated claims, according to an annual report from Verisk. Claims volumes were lower in 2025 than 2024 across …
Via: Claims Journal
A hacking group with a history of compromising major global corporations said it had stolen nearly 80 million business records from video game developer Rockstar Games, the maker of Grand Theft Auto. The claim was posted to the website used …
Via: Claims Journal
Albertsons Cos. announced a $774 million settlement to resolve all opioid-related claims, making the grocery chain one of the last major retailers to reach such a deal. Due to the settlement, the company recorded a charge of about $600 million …
Via: Claims Journal
Alphabet Inc.’s Google is facing billions of dollars in potential damage claims as part of mass arbitration tied to the company’s online search and advertising technology businesses, which courts have ruled were illegal monopolies. Advertisers are banding together to seek …
Via: Claims Journal
The U.S. Federal Trade Commission is negotiating antitrust settlements with the targets of its investigation into alleged advertiser boycotts of online platforms, including Elon Musk’s X, an agency lawyer told a federal appeals court Monday. “We are actually in settlement …
Via: Claims Journal