Industry News
Excessive litigation and abuse of the U.S. legal system are effectively imposing a tax on the U.S. economy and causing a surge in liability insurance costs, according to John Doyle, president and chief executive officer of Marsh McLennan. “The U.S. …
Via: Claims Journal
Cincinnati Specialty Underwriters said in a complaint last week that it has no duty to defend or indemnify a Kansas City sports promotion group facing an underlying lawsuit over a mass shooting at a 2024 Super Bowl parade. CSU said …
Via: Claims Journal
Three months ago, Microsoft Corp. issued a progress report on what it described as the largest cybersecurity engineering project in history. Battered by its role in several major hacks, the software giant in late 2023 vowed to overhaul its cybersecurity, …
Via: Claims Journal
If wind mitigation and stronger homes are the paths to reducing insurance claims and bringing down insurance premiums in hurricane-prone areas, as a growing number of industry experts believe, then homeowners, builders and insurers may want to take a look …
Via: Claims Journal
Tesla on Monday settled a lawsuit against Louisiana and various auto dealerships and trade groups, in which CEO Elon Musk’s electric car company challenged the state’s ban since 2017 on direct vehicle sales to consumers. According to a dismissal motion …
Via: Claims Journal
The number of companies and organizations compromised by a security vulnerability in Microsoft Corp.’s SharePoint servers is increasing rapidly, with the tally of victims soaring more than six-fold in a few days, according to one research firm. Hackers have breached …
Via: Claims Journal
U.S. officials told a Senate committee on Tuesday that there have been more than 3,000 drone events near American airports since 2021 including 11 aircraft this year that reported taking evasive action to avoid collisions. Those drone incidents have caused …
Via: Claims Journal
Microsoft Corp. accused Chinese state-sponsored hackers of using flaws in its SharePoint document management software in a hacking campaign that has targeted businesses and government agencies around the world. In a blog post on Tuesday, the tech giant identified two …
Via: Claims Journal
The owner of a factory where six workers died last year in flooding from Hurricane Helene won’t face charges after a Tennessee Bureau of Investigation found no criminal wrongdoing. First Judicial District Attorney General Steven Finney announced the decision to …
Via: Claims Journal
A man who was pulled into an MRI machine in New York after he walked into the room wearing a large weight-training chain around his neck has died, according to police and his wife, who told a local television outlet …
Via: Claims Journal