Industry News
President Donald Trump on Tuesday said the United States-Mexico-Canada trade agreement is not relevant for the U.S. but Canada wants it, as he pushed for companies to bring manufacturing back to American soil. “There’s no real advantage to it, it’s …
Via: Claims Journal
The American Property Casualty Insurance Association released a statement in support of federal legislation, up for committee discussion today, that is meant to increase the transparency of third-party financers in litigation. The Protecting Third Party Litigation Funding From Abuse Act, …
Via: Claims Journal
Insured losses for so-called non-peak perils reached a record $98 billion last year, Munich Re said in a new report.
Via: Claims Journal
Spain’s Catholic bishops agreed to let the Spanish government’s ombudsman have the final say in the church’s compensation of victims of sexual abuse by clergy members who have died or whose possible crimes are too old to be prosecuted. The …
Via: Claims Journal
Alliant Insurance Services is the latest to join a group of brokers suing new competitor Howden US over what it calls Howden’s “smash-and-grab” strategy to take teams from other brokers. The suit also names three former employees—Jessie Guerrero, Christina Murphy, …
Via: Claims Journal
A federal judge granted preliminary approval on Monday to Capital One’s revised $425 million class action settlement with depositors who said they were cheated out of high interest rates, two months after an earlier accord was rejected. U.S. District Judge …
Via: Claims Journal
The District of Columbia-based bagel chain Call Your Mother Corp. has settled its trademark infringement complaint against a New Jersey bagel shop called Bubbi Bagels for using “Call Your Bubbi” in its marketing. Call Your Mother alleged that the use …
Via: Claims Journal
The U.S. National Transportation Safety Board will hold a Jan. 27 hearing to determine the probable cause of a fatal collision between an American Airlines regional jet and a U.S. Army helicopter in January 2025 that killed 67 people. Last …
Via: Claims Journal
U.K. regulators have opened a probe into Elon Musk’s X as backlash mounts worldwide over the thousands of sexually suggestive images generated by the artificial intelligence tool Grok on the social media platform. The U.K. communications regulator Ofcom said Monday …
Via: Claims Journal
The U.S. Supreme Court declined on Monday to hear a challenge to the Boy Scouts of America’s landmark $2.46 billion settlement of sex abuse claims in a case involving a group of abuse survivors who wanted to pursue lawsuits against …
Via: Claims Journal