Industry News
The U.S. Supreme Court declined on Monday to hear a bid by a former UBS bond strategist to revive a $2.6 million jury award in his lawsuit accusing the Swiss bank of unlawfully firing him for refusing to publish misleading …
Via: Claims Journal
Sen. John Kennedy has introduced a new bill aimed at reforming the courtroom practice of third-party litigation funding. Kennedy, R-La., introduced the Protecting Our Courts from Foreign Manipulation Act last week, and it was immediately supported by the insurance industry …
Via: Claims Journal
Crawford & Company CEO Rohit Verma is stepping down at the end of the year to take the helm of another firm, and the company has named Crawford veteran W. Bruce Swain, Jr. interim president CEO. Swain, currently the company’s …
Via: Claims Journal
Meta shut down internal research into the mental health effects of Facebook after finding causal evidence that its products harmed users’ mental health, according to unredacted filings in a lawsuit by U.S. school districts against Meta and other social media …
Via: Claims Journal
UPS and FedEx Corp. are working to secure enough freighters as they grapple with a ban on a pillar of their air-cargo fleets through the crucial holiday delivery season.
Via: Claims Journal
A whistleblower who accused Wells Fargo & Co. of conducting sham interviews with minority job candidates will now be able to sue the bank over his firing. Wells Fargo lost a bid to place the former employee’s wrongful-termination complaint into …
Via: Claims Journal
Tesla Inc. was sued over a fiery crash in Washington state that left one person dead and another seriously injured after rescuers allegedly struggled to open the vehicle’s doors, the latest in a growing body of litigation scrutinizing the company’s …
Via: Claims Journal
Simplifai named Ronald Kasteel its chairman of the board. Kasteel will be responsible for global growth strategy, board governance and industry partnership. He has experience in operational leadership roles, including serving as group CEO of Ordina. He also co-founded Keylane, …
Via: Claims Journal
As cases of potentially deadly botulism in babies who drank ByHeart infant formula continue to grow, state officials say they are still finding the recalled product on some store shelves. Meanwhile the company reported last week that laboratory tests confirmed …
Via: Claims Journal
This year’s Atlantic hurricane season will be remembered for bursts of extreme weather intensity falling between long and quiet stretches with no tropical activity. It was also the first season without a U.S. hurricane landfall in 10 years. That’s the …
Via: Claims Journal