Industry News
Capital One has agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out of much higher interest rates by not telling them they could move their money to higher-yielding accounts. A notice describing …
Via: Claims Journal
More severe storms were expected to roll across the central U.S. this week following the weather-related deaths of more than two dozen people and a devastating Kentucky tornado. The National Weather Service said a “multitude of hazardous weather” would impact …
Via: Claims Journal
Hackers have stolen a “significant amount of personal data” from people who received legal aid across England and Wales, the U.K.’s Ministry of Justice said. A breach at the Legal Aid Agency that was identified by the government in April …
Via: Claims Journal
Harvard University settled a lawsuit by a former divinity student who claims that Jewish students face widespread antisemitism on campus and who supports President Donald Trump’s efforts to force change at U.S. schools. Alexander Shabbos Kestenbaum and Harvard resolved his …
Via: Claims Journal
A crime victim will need a deep bench when responding to a cyber incident. While the role of brokers, privacy counsel and forensic investigators is well understood, the contribution of insurance claim professionals cannot be overlooked. A victim may have …
Via: Claims Journal
A pair of Amazon.com Inc. package delivery drones were flying through a light rain in mid-December when, within minutes of one another, they both committed robot suicide. Shortly before 10 a.m. on Dec. 16, the first Prime Air drone dropped …
Via: Claims Journal
Binance and Kraken are among major crypto exchanges that have been targeted by the same type of social-engineering hack that was recently disclosed by Coinbase Global Inc., according to people familiar with the situation. Both digital-asset platforms were able to …
Via: Claims Journal
U.S. aviation safety regulators are investigating a communications outage affecting flights approaching Denver International Airport earlier this week, the latest in a series of glitches that have put a spotlight on the nation’s aging air traffic control system. Part of …
Via: Claims Journal
The Florida Supreme Court on Thursday declined to consider a petition in a condominium insurance case, leaving in place conflicting rulings from Florida appeals courts. The non-decision in American Coastal Insurance vs. Patios West One Condominium Association, stemming from a …
Via: Claims Journal
Beyond the $400 million the company expects it will cost, this time the victim was arguably the most influential U.S. company in the industry.
Via: Claims Journal