Industry News
A surprisingly robust winter storm blanketed New York City with snow at the start of the long holiday weekend, leaving streets slippery and coated with powder and delaying air travel for the second time in a week. Residents of Brooklyn …
Via: Claims Journal
The latest in a series of robust storms is drenching California again with rain and snow, prompting officials to warn residents to stay on high alert for floods as weakened terrain gets further tested. Some hillside communities — including affluent …
Via: Claims Journal
Uber Technologies Inc. sued an auto liability insurer for what it says is a consistent pattern of failing to honor coverage for New York City ride-share drivers who get into accidents. American Transit Insurance Co.’s “unreasonable practices” handling claims has …
Via: Claims Journal
FTX investors sued Sullivan & Cromwell, accusing the law firm of aiding illicit schemes that helped advance a multi-billion dollar fraud before the crypto exchange’s collapse. Sullivan & Cromwell’s services “went well beyond those a law firm should and ordinarily …
Via: Claims Journal
A coalition of international law enforcement agencies, including the FBI and UK National Crime Agency, said they have disrupted LockBit, one of the most prolific hacker groups of all time, including shutting down websites the organization used for ransomware payments. …
Via: Claims Journal
New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of a virus, to trigger coverage under a commercial property policy for COVID-19 business interruption losses. The Court of Appeals upheld …
Via: Claims Journal
If you’ve got information on one of the world’s most prolific ransomware gangs, you could stand to make a cool $10 million. The Department of State on Thursday announced a reward of up to $10 million for anyone who can …
Via: Claims Journal
Alphabet Inc.’s Google announced an initiative to provide artificial intelligence tools and investments to bolster online security, as the emerging technology is increasingly used to both protect against and perpetrate cybercrime. Google will introduce a new open-source resource powered by …
Via: Claims Journal
Alphabet’s Waymo unit has recalled 444 self-driving vehicles after two minor collisions in quick succession in Arizona because a software error could result in them inaccurately predicting the movement of a towed vehicle. All of the vehicles are in the …
Via: Claims Journal
AccuWeather meteorologists on Sunday forecasted the “relentless wet pattern” will continue for residents along the West Coast at least the middle of the week, as stormy conditions move onshore with rounds of locally heavy rainfall and a renewed risk for …
Via: Claims Journal