Industry News
Municipal bond funds that lost more than $200 million after a sprawling Arizona sports complex collapsed into bankruptcy sued the investment bank that underwrote the debt for the project and the father-and-son team that developed and managed it. The Vanguard …
Via: Claims Journal
Toyota has been sued in a proposed U.S. class action accusing the Japanese automaker of emissions cheating in nine engines for its forklift trucks. A complaint was filed by forklift purchasers on Sunday night in San Francisco federal court against …
Via: Claims Journal
A weather service said a brewing storm headed toward the Gulf Coast is expected to become “a large hurricane with a major storm surge threat and impacts that will reach hundreds of miles inland from where this storm makes landfall.” …
Via: Claims Journal
With the vast majority (91%) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly seven-in-10 actuaries and underwriters are worried about being replaced by artificial intelligence, according to a …
Via: Claims Journal
The U.S. Gulf Coast from Mississippi to the Florida Panhandle is at risk of a hurricane strike by the end of the week as a patch of turbulent weather in the Atlantic becomes more organized. Currently a swirl of thunderstorms …
Via: Claims Journal
A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $10 billion proposed settlement that would end tens of thousands of lawsuits alleging that the company’s baby …
Via: Claims Journal
Tidal action on the underside of the Thwaites Glacier in the Antarctic will “inexorably” accelerate melting this century, according to new research by British and American scientists. The researchers warn the faster melting could destabilize the entire West Antarctic Ice …
Via: Claims Journal
Highway fatalities have fallen 3.2% in the first half of the year from the same period in 2023, data from the National Highway Traffic Safety Administration shows. NHTSA’s early estimates of traffic fatalities for the first half of 2024 shows …
Via: Claims Journal
Stolen customer data including medical reports from India’s biggest health insurer, Star Health, is publicly accessible via chatbots on Telegram, just weeks after Telegram’s founder was accused of allowing the messenger app to facilitate crime. The purported creator of the …
Via: Claims Journal
The U.S. Federal Trade Commission sued units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. on Friday, accusing the drug middlemen of engaging in illegal rebate programs that drove up the price of insulin. The agency said it …
Via: Claims Journal