Industry News
Microsoft is considering legal action against its partner OpenAI and Amazon over a $50 billion deal that could violate its exclusive cloud agreement with the ChatGPT maker, the Financial Times reported on Wednesday. Last month, Amazon and OpenAI signed several …
Via: Claims Journal
A combination of faster repair and payment cycle times, along with enhanced digital capabilities, has helped drive significant improvements in the overall customer experience with the property claims process in the United States. JD Power reported those findings while announcing …
Via: Claims Journal
U.S. home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. The average annual premium is projected to increase 4% to about $3,057 this …
Via: Claims Journal
Elon Musk and the U.S. Securities and Exchange Commission are in talks to settle the regulator’s lawsuit accusing the world’s richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, which he eventually bought for …
Via: Claims Journal
Live Nation Entertainment Inc. and dozens of states tried for days last week to settle an antitrust lawsuit accusing the company of illegally monopolizing the live entertainment market and overcharging concertgoers millions of dollars for tickets. Despite a federal judge …
Via: Claims Journal
The city of New Haven’s insurance company is insisting that the city pay back the $3.55 million the insurer paid to settle claims over a 2019 rooming house fire in which two people were killed. Pennsylvania Manufacturers Association Insurance Co. …
Via: Claims Journal
Pro-Iranian hackers are targeting sites in the Middle East and starting to stretch into the United States during the war, raising the risk of American defense contractors, power stations and water plants being swept into a wave of digital chaos …
Via: Claims Journal
Insuring vessels to sail through the Strait of Hormuz is still possible, even if at a very high cost, according to people involved in the market. The cost of coverage has leaped to about 5% of the value of a …
Via: Claims Journal
Los Angeles and the U.S. Southwest are set for a second record heat wave in two weeks as temperatures soar, potentially straining electric grids, melting snowpack and raising health risks. Tuesday’s high in downtown Los Angeles is forecast to reach …
Via: Claims Journal
Three Tennessee plaintiffs, including two minors, sued Elon Musk’s xAI on Monday, alleging that it knowingly designed its Grok image generator to let people create sexually explicit content by using real photos of others. The lawsuit, filed in the San …
Via: Claims Journal