Industry News
Corporate giants Goldman Sachs and Apple will pay $89 million for violations of consumer protection laws in their joint credit card business that affected hundreds of thousands of people, the U.S. Consumer Financial Protection Bureau announced Wednesday. In a partnership …
Via: Claims Journal
There’s not only a broadening divide between the ideologies of Democrats and Republicans, but there seems to be quite a difference in how much they spend on insurance premiums. Red, blue and swing states differ when it comes to annual …
Via: Claims Journal
BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil’s worst environmental disaster were “far-fetched and unjustified,” as the miner opened its defense to a mammoth lawsuit at London’s High Court. More than 600,000 Brazilians, …
Via: Claims Journal
American Airlines Group Inc. agreed to a $50 million civil penalty to resolve claims by the Biden administration that the carrier violated US rules protecting airline passengers with disabilities. A U.S. Transportation Department investigation found that American damaged or delayed …
Via: Claims Journal
A federal appeals court has underscored the high bar that expert witnesses must meet before a court can connect the dots between exposure and illness, a ruling that could have an impact on insurance claims and toxic tort litigation. In …
Via: Claims Journal
Cyber claims are continuing their upwards trend over the past year, with the frequency and severity of large cyber claims up 14% and 17% year-over-year in the first half of 2024. Allianz Commercial’s annual cyber risk outlook also shows that …
Via: Claims Journal
An agreement by Vale, BHP and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits against the mining companies in the South …
Via: Claims Journal
Walmart will pay $7.5 million to resolve charges that the largest U.S. retailer illegally disposed of hazardous and medical waste from its facilities into California municipal landfills. The settlement was announced on Tuesday by California Attorney General Rob Bonta, following …
Via: Claims Journal
Four hacked companies will pay a total of almost $7 million to settle U.S. Securities and Exchange Commission allegations that they downplayed the significance of the cyberattacks, the latest fallout from the massive SolarWinds Corp. breach. Unisys Corp., Avaya Holdings …
Via: Claims Journal
A new report shows a large year-over-year increase in cargo theft incidents and evolving organized crime tactics. A CargoNet analysis of cargo theft trends for the third quarter of 2024 shows 776 cargo theft events across the U.S. and Canada …
Via: Claims Journal