Industry News
Wisedocs named Mark Tainton senior vice president of data solutions. Tainton will leverage his experience overseeing AI-enabled services. He has experience in leading large-scale data modernization initiatives. Tainton previously served as chief data analytics officer at Venttiv Technology, Calamos Investments …
Via: Claims Journal
Moderna has agreed to pay Genevant Sciences, a subsidiary of Roivant Sciences, and Arbutus Biopharma up to $2.25 billion to settle a long-running legal fight over the technology that made its COVID-19 vaccine possible, the companies said on Tuesday. Under …
Via: Claims Journal
The Justice Department and dozens of states accused Live Nation Entertainment Inc. and its Ticketmaster subsidiary of illegally monopolizing much of the market for live music, as a major courtroom clash more than 15 years in the making got underway …
Via: Claims Journal
A Delaware judge has ruled insurers do not have a duty to defend Meta Platforms in the thousands of lawsuits that allege its Facebook and Instagram platforms harm children.
Via: Claims Journal
The Iran conflict has thrust container shipping from an industry bracing for a capacity glut to another potential “black swan” supply crunch. That paradigm shift dawned on the more than 3,500 importers, freight forwarders and ocean carriers gathered this week …
Via: Claims Journal
Container ships account for roughly 100 of the 750 ships backed up around the Strait of Hormuz following U.S. and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier Ocean Network Express (ONE), said on Monday. “About 10% of …
Via: Claims Journal
As insurers spread risk across more carriers, the structure behind a single claim has become more complex. Capital is tighter, catastrophe losses are more frequent and specialized risks continue to grow across global insurance and reinsurance markets. Those forces have …
Via: Claims Journal
A U.S. appeals court on Monday returned the lawsuits that led to most of President Donald Trump’s tariffs being struck down to the U.S. Court of International Trade, which could determine the process for refunding more than $130 billion to …
Via: Claims Journal
Agriculture traders rushed to adjust positions with the escalating conflict in Iran threatening to disrupt supply chains from corn and soybean meal to fertilizer and sugar. President Donald Trump said the U.S. bombing campaign against Iran could last for weeks. …
Via: Claims Journal
Zurich Insurance Group announced it has agreed with U.K. specialty insurer Beazley the terms of an all-cash offer to acquire Beazley for US$10.9 billion. The aggregate cash deal is expected to be funded via existing cash (approximately US$3.0 billion), new …
Via: Claims Journal