Industry News
A federal judge dismissed a proposed class action lawsuit accusing Mondelez International of deceiving consumers into overpaying for Clif bars that were labeled “climate neutral certified.” U.S. District Judge Manish Shah in Chicago found nothing wrong with labels for Clif …
Via: Claims Journal
A commercial truck driver who is charged with killing three people in a deadly crash in Florida in August had failed a commercial driver’s license test 10 times in the span of two months in 2023 in Washington state, before …
Via: Claims Journal
Editor’s note: Take a minute to take our short poll a few paragraphs down to tell us what’s happening in the claims field. Is your job being replaced? Are things getting better with AI or worse? How do you feel …
Via: Claims Journal
Tom Hayes, the former trader who was a face of the global Libor-rigging scandal before his conviction was overturned in July, sued his former employer UBS for more than $400 million, saying the Swiss bank cast him as the “evil …
Via: Claims Journal
HSBC Holdings said on Monday it would book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff’s Ponzi scheme, history’s biggest ever such fraud. HSBC acted as …
Via: Claims Journal
The Canada Pension Plan Investment Board was sued by a group of young people who claim the pension fund is putting their benefits in jeopardy by mismanaging climate-related financial risks. Aliya Hirji, Travis Olson, Ravneet Singh and Chloe Tse, who …
Via: Claims Journal
Johnson & Johnson has seen a 17% jump in new lawsuits claiming its iconic baby powder causes cancer after the company’s latest attempt to force a global settlement was thrown out of bankruptcy court. J&J is facing approximately 73,570 suits …
Via: Claims Journal
The Certified Automotive Parts Association elected five new members to its board of directors, including two insurer representatives. The new CAPA members are: Brian Burbridge from Caliber Collision; David Garner from Joe Hudson’s Collision Center; Kayla Williams-Clark from Classic Collision; …
Via: Claims Journal
PepsiCo has resolved a lawsuit accusing it of falsely marketing its Gatorade protein bars as good for you, though they contain more sugar than protein and more sugar than Snickers bars and chocolate-frosted Dunkin’ donuts. U.S. District Judge Casey Pitts …
Via: Claims Journal
U.S. carrier Alaska Airlines said it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for more than 49,000 passengers. Alaska Air Group said it …
Via: Claims Journal