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Archive for October 2021

Iran Says Cyberattack Closes Gas Stations Across Country

DUBAI, United Arab Emirates (AP) — A cyberattack crippled gas stations across Iran on Tuesday, leaving angry motorists stranded in long lines. No group immediately claimed responsibility for the attack, which rendered useless the government-issued electronic cards that many Iranians … Source: Claims Journal

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Claims People: Hippo, Chartwell Law, Charles Taylor, CoreLogic

Hippo Taps Hiscox Executive For Claims Digital home insurer Hippo hired a former Hiscox executive to be its first chief claims officer, with a mission to expand claims operations for the now publicly-traded California-based insurtech as it grows nationally. Grace … Source: Claims Journal

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Luckin Coffee Agrees to Settle Accounting Fraud Claims For $175M

NEW YORK — Luckin Coffee Inc reached a $175 million settlement of shareholder class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by falsifying revenue. Lawyers for the shareholders called the all-cash settlement, filed on Monday … Source: Claims Journal

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12 Plead Guilty in South Carolina Check Cashing Scheme

Federal prosecutors in South Carolina announced that 12 people have pleaded guilty to tax fraud and immigration charges in a check-cashing scheme that was used to avoid payroll taxes and workers’ compensation premiums. The plea agreements came after a “multi-year” … Source: Claims Journal

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Climate Change: What Are the Economic Stakes?

COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the 2015 Paris Agreement. The stakes for the planet are huge … Source: Claims Journal

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Microsoft: Russian-Backed Hackers Targeting Cloud Services

RICHMOND, Va. (AP) — Microsoft said Monday the same Russia-backed hackers responsible for the 2020 SolarWinds breach continue to attack the global technology supply chain and have been relentlessly targeting cloud service companies and others since summer. The group, which … Source: Claims Journal

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