Industry News
A U.S. judge dismissed a lawsuit accusing Amazon.com of defrauding shareholders about its treatment of third-party sellers and plans to expand capacity, culminating in a Federal Trade Commission antitrust case against the online retail giant. Monday’s dismissal by U.S. District …
Via: Claims Journal
For many years, the homeowners insurance market operated as a relatively stable and predictable sector in California. Changes were incremental, and the market largely catered to established patterns of risk and pricing. This stability, however, has been disrupted recently, with …
Via: Claims Journal
The FBI and the U.S. Cybersecurity and Infrastructure Security Agency are warning against a dangerous ransomware scheme. In an advisory posted earlier this week, government officials warned that a ransomware-as-a-service software called Medusa, which has launched ransomware attacks since 2021, …
Via: Claims Journal
A fire on an American Airlines plane after it diverted mid-flight and landed at Denver International Airport sent passengers fleeing onto a wing in a fraught evacuation amid billowing clouds of smoke. Airport officials said 12 people were taken to …
Via: Claims Journal
Violent tornadoes ripped through parts of the U.S., wiping out schools and toppling semitractor-trailers in several states, part of a monster storm Friday and Saturday that has killed at least 32 people. The number of fatalities increased after the Kansas …
Via: Claims Journal
The former Deutsche Bank AG employee suing the German lender for around €152 million ($165 million) over a criminal case was a top manager from its asset and wealth management division, Dario Schiraldi. Schiraldi filed the suit in the Frankfurt …
Via: Claims Journal
A delivery driver has won $50 million in a lawsuit after being seriously burned when a Starbucks drink spilled in his lap at a California drive-through, court records show. A Los Angeles County jury found Friday for Michael Garcia, who …
Via: Claims Journal
Four former Citigroup Inc. equity sales traders filed wrongful termination claims against the U.S. bank in Hong Kong this month, after a court in the city ruled that one of their ex-colleagues shouldn’t have been summarily dismissed in 2019. Christopher …
Via: Claims Journal
A new report identifying commercial litigation waves likely to pick up steam in 2025 highlights one particular theme that could further lengthen the tail of general liability claims for insurers writing policies for contractors and builders. The 2025 “Commercial Litigation …
Via: Claims Journal
Cable outlet Newsmax Media has paid $40 million to settle allegations it defamed Smartmatic by reporting false claims that the voting machine company helped rig the 2020 U.S. election for Joe Biden over Donald Trump, according to a regulatory filing. …
Via: Claims Journal