Industry News
Twenty professional models who sued three Massachusetts-based strip clubs alleging that the clubs used their images in commercial advertisements without their consent and without paying them have been denied their bid to collect from one of the clubs’ insurers on …
Via: Claims Journal
In all-risk policies, an excluded cause of damage must be the sole cause of damage for the exclusion to apply, a federal appeals court decided last week in an opinion that clarifies North Carolina law but could make some claims …
Via: Claims Journal
U.S. recall activity reached one of the highest levels in the past decade, as the consumer products, food and drinks and pharmaceutical sectors all experienced higher recall volumes than 2024. Roughly 3,295 recalls were recorded across the five industries analyzed, …
Via: Claims Journal
The winter storm that brought several feet of snow and blizzard conditions to parts of the Northeast this week resulted in $34 billion to $38 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. More …
Via: Claims Journal
A hacker exploited Anthropic PBC’s artificial intelligence chatbot to carry out a series of attacks against Mexican government agencies, resulting in the theft of a huge trove of sensitive tax and voter information, according to cybersecurity researchers. The unknown Claude …
Via: Claims Journal
BMW is recalling 58,713 vehicles in the U.S. due to a wiring harness for the air conditioning system that may be damaged and cause a short circuit, the U.S. National Highway Traffic Safety Administration said on Wednesday. The recall covers …
Via: Claims Journal
Cybercriminals are prioritizing long-term leverage over immediate disruption, according to a new report showing that in the second half of 2025, more than two-thirds of ransomware attacks leveraged data theft and not encryption. Cyber insurance claims data from Resilience shows …
Via: Claims Journal
Wynn Resorts on Tuesday said hackers had obtained employee data and that the company was investigating the breach. Michael Weaver, Wynn’s chief communications officer, said in an email Tuesday that the company learned that “an unauthorized third party acquired certain …
Via: Claims Journal
A federal judge in California on Tuesday dismissed a lawsuit from Elon Musk’s artificial intelligence startup xAI that accused rival Sam Altman’s OpenAI of stealing its trade secrets. U.S. District Judge Rita Lin in San Francisco said that xAI could …
Via: Claims Journal
Success for the property/casualty industry in 2025 was marked by rate increases and investment income, but plateauing or softening rates in many lines of business in 2026 may pressure financial results in 2026, said AM Best. In a new report, …
Via: Claims Journal