Archive for February 2024

JPMorgan Chase & Co. defeated for now a bid by Charlie Javice, who the bank claims defrauded it in a $175 million acquisition, to get it to pay for her countersuit. Delaware Chancery Court Judge Kathaleen St. J. McCormick on … Source: Claims Journal

A new study that examines the circumstances behind who is found at fault when cars hit pedestrians in an urban area shows that the environment where the crash took place – especially the types of roads and the amount of … Source: Claims Journal

Match Group MTCH.O was sued on Wednesday in a proposed class action claiming that its dating apps Tinder, Hinge and The League are designed to addict users, generating more profit for the company, rather than help them establish relationships. The … Source: Claims Journal

Nation-state hackers are using artificial intelligence to refine their cyberattacks, according to a report published by Microsoft Corp. on Wednesday. Russian, North Korean, Iranian and Chinese-backed adversaries were detected adding large-language models, like OpenAI’s ChatGPT, to their toolkit, often in … Source: Claims Journal

SAIF in Oregon, which reported receiving 400-plus claims after January’s winter weather, said more Oregon workers were injured from slips, trips, and falls due to snow or ice than during any other storm since January 2017. SAIF, Oregon’s not-for-profit workers’ … Source: Claims Journal

Florida’s southwestern coast — long one of America’s fastest-growing regions — is losing some of its boomtown swagger as a home-insurance crisis and other soaring costs make homes unaffordable. Homeowners from Sarasota south to Naples, known for its eight-figure waterfront … Source: Claims Journal

The first tornadoes ever recorded in Wisconsin in the usually frigid month of February tore through mostly rural areas on a day that broke records for warmth, setting up the perfect scenario for the type of severe weather normally seen … Source: Claims Journal

The Missouri Department of Commerce and Insurance (DCI) issued an Earthquake Survey in December 2023 that shows a lack of understanding about risk and insurance coverage is a problem, while the cost and lack of available earthquake insurance coverage in … Source: Claims Journal

Britain’s markets watchdog has ordered more than 1,000 banks, insurers and brokerages to report how many sexual harassment, discrimination and other non-financial misconduct cases they have recorded since 2021 and how they have dealt with them. The Financial Conduct Authority … Source: Claims Journal

Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million. The Northbrook, Illinois-based insurer reached its $150 million threshold to report catastrophe losses following several months of low totals. Consolidated catastrophe losses for the fourth quarter 2023 totaled … Source: Claims Journal