Industry News
Hurricane Helene is expected to hit Florida as a Category 3, and a property data firm estimates that nearly 25,000 residential properties with a combined reconstruction cost value of $5.6 billion are at risk to storm surge flooding—a reinsurer estimates …
Via: Claims Journal
Google has ramped up a legal squabble with Microsoft Corp. over the lucrative cloud market, accusing the U.S. software giant of abusing its market dominance in a formal complaint to the European Union’s antitrust watchdog. The Alphabet Inc. unit alleged …
Via: Claims Journal
A jury has awarded $116 million to the family of one of five people killed in a no-door helicopter that crashed and sank in a New York City river, leaving passengers trapped in their safety harnesses. The verdict came last …
Via: Claims Journal
Tropical Storm Helene grew stronger as it moved into the Gulf of Mexico, where it threatens to clip the Yucatan Peninsula before striking Florida’s west coast as a major hurricane on Thursday. Helene’s winds rose to 70 miles (113 kilometers) …
Via: Claims Journal
The head of the Federal Aviation Administration told a U.S. House subcommittee on Tuesday that safety culture improvements at Boeing may take three to five years to complete. “It is not a six-month program – it is a three-year to …
Via: Claims Journal
As social inflation continues to exert pressure on the insurance industry, this is not only a financial issue, but one with far-reaching impacts on insurers, beneficiaries, and society at large. Rising litigation costs, evolving societal expectations, and increasingly complex claims …
Via: Claims Journal
Rick Wilmer spends most of his work days at the office. But every so often, the chief executive officer of ChargePoint Holdings Inc. will make his way to the company’s laboratory in San Jose, California, where he dons safety glasses …
Via: Claims Journal
Elon Musk and X asked a federal judge to dismiss former CNN anchor Don Lemon’s lawsuit claiming they defrauded him by canceling a partnership on the social media platform following a contentious interview. In a Monday night filing in San …
Via: Claims Journal
The U.S. Department of Justice sued Visa for alleged antitrust violations on Tuesday, accusing one of the world’s largest payment networks of suppressing competition by threatening merchants with high fees and paying off potential rivals. Visa processes more than 60% …
Via: Claims Journal
Elon Musk lost a legal fight over unpaid severance to a former Twitter employee who was laid off when he took over the social media platform in 2022, according to a memo obtained by Bloomberg News. The resolution of the …
Via: Claims Journal