Industry News
The U.S. Supreme Court weighed giving internet providers a stronger shield from legal liability when customers pirate copyrighted works, questioning a $1 billion music industry copyright lawsuit against Cox Communications Inc. Hearing arguments in Washington Monday, several justices expressed doubts …
Via: Claims Journal
Rapidly growing e-commerce and last-mile delivery services have contributed to significant increases in crashes, traffic, workplace injuries and air pollution, according to a report from New York City Comptroller Brad Lander. The report estimates that roughly one-in-three New Yorkers receives …
Via: Claims Journal
Starbucks has agreed to pay $38.9 million to settle claims by New York City that the coffee chain violated a local law requiring fast food businesses to give workers predictable and stable schedules more than half a million times over …
Via: Claims Journal
Lowe’s must pay $12.5 million over renovation work performed by its contractors at hundreds of homes across the country. The Justice Department and the Environmental Protection Agency announced a proposed nationwide settlement with Lowe’s Home Centers LLC to resolve alleged …
Via: Claims Journal
A U.S. judge on Monday rejected Bristol Myers Squibb’s bid to dismiss a $6.7 billion lawsuit claiming it cheated shareholders of the former Celgene by delaying federal approval for three drugs, including the cancer treatment Breyanzi, by specified deadlines. While …
Via: Claims Journal
U.S. consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season. Adobe Analytics said online spending on Monday was up …
Via: Claims Journal
Jamaica has secured up to $6.7 billion in support from international agencies to fund reconstruction over the next three years in the wake of Hurricane Melissa. Melissa, one of the strongest storms on record to make landfall in the Caribbean, …
Via: Claims Journal
A massive data breach at South Korea’s largest e-retailer Coupang Inc. caps what is set to be a record year for online leaks in the country, highlighting weaknesses in Seoul’s cyber defenses. Coupang, known for its popular early morning grocery …
Via: Claims Journal
For years, experts have discussed whether cat bonds could do more than just clean up after disasters—whether they could incentivize mitigation work to would lessen damages in the first place.
Via: Claims Journal
A barge carrying 192 shipping containers that ran aground in the Bahamas and was quickly looted has returned to Jacksonville, ending a stormy journey that will likely result in millions of dollars in insurance claims. The barge, known as the …
Via: Claims Journal