Industry News
The total volume of products recalled from key industries surged by 25% in the first quarter, a new report shows. Sedgwick’s report out on Thursday the surge comes amid a marginal decline in U.S. product recall events, shows 775 recalls …
Via: Claims Journal
David Richardson, the new head of the Federal Emergency Management Agency, said on Thursday that states would in the future bear half the costs for responding to natural disasters, up from 25% under current cost-sharing levels. Richardson, who took the …
Via: Claims Journal
British retailer Marks & Spencer said on Thursday food volumes flowing from its distribution centers to its stores were back to normal levels after product availability was hit by last month’s cyberattack. “In chilled areas of our stores, customers can …
Via: Claims Journal
New Jersey officials announced a landmark settlement of up to $450 million with 3M Company to resolve the state’s lawsuits and address damage to the state’s water and other natural resources from dangerous chemicals. New Jersey Attorney General Matthew J. …
Via: Claims Journal
Coinbase Global Inc. said hackers bribed contractors or employees outside the U.S. to steal sensitive customer data and demanded a $20 million ransom, in one of the most high-profile security breaches of a crypto trading platform. The largest U.S. crypto …
Via: Claims Journal
Capital One was sued on Wednesday by New York Attorney General Letitia James, who accused the bank of cheating depositors with its flagship “high interest” savings accounts out of millions of dollars in interest. The lawsuit followed the U.S. Consumer …
Via: Claims Journal
Steelmaker Nucor said on Wednesday it had halted certain production at various locations after identifying a cyber security incident that involved unauthorized third-party access to certain information technology systems it used. The Charlotte, North Carolina-based company said it is in …
Via: Claims Journal
In a victory for global agrochemical maker Bayer, Georgia has become the second state to shield pesticide manufacturers from some lawsuits claiming that they failed to warn customers of potential dangers. The legislation signed Friday by Georgia Gov. Brian Kemp …
Via: Claims Journal
Insurance broker Marsh USA is asking a New York court to stop several former employees and rival Willis Towers Watson from preparing to steal its aviation and space insurance clients using confidential information. In a lawsuit filed in New York …
Via: Claims Journal
Alphabet’s Google said hackers responsible for paralyzing disruptions of U.K. retailers are turning their attention to similar companies in the United States. “U.S. retailers should take note. These actors are aggressive, creative, and particularly effective at circumventing mature security programs,” …
Via: Claims Journal