Archive for March 2024

Editor’s note: This is the first of a two-part article. Fidelity/crime/financial institution bonds, in a general sense, cover an insured from the willful theft of property, money, and securities by one of their employees or an outside third-party carried out … Source: Claims Journal

Elon Musk sued OpenAI and its Chief Executive Officer Sam Altman, alleging they violated the artificial intelligence startup’s founding mission by putting profit ahead of benefiting humanity. The 52-year-old billionaire, who was a co-founder of OpenAI but is no longer … Source: Claims Journal

As risks from extreme weather, technology glitches and cyberattacks rise, so does the need for agricultural insurance that can cover a rapidly diversifying and evolving industry. “With the interest rates, production expenses, and cost of diesel constantly on the rise, … Source: Claims Journal

Bankrupt drugmaker Endo International will pay up to $465 million to settle the federal government’s law enforcement, tax, and healthcare cost claims, the U.S. Department of Justice said on Thursday. The settlement removes Endo’s largest obstacle to completing its plan … Source: Claims Journal

A high court in Denmark ruled that Europe’s biggest pork producer misled consumers by advertising its meat as “climate-controlled” in what is the Nordic country’s first greenwashing verdict. A group of nonprofit organizations had alleged Danish Crown A/S misrepresented its … Source: Claims Journal

An obscure 21-year legal feud involving five brothers from India who’ve amassed a fortune in diamonds and Los Angeles real estate burst into public view this week with a multibillion-dollar US verdict that may be among the largest of the … Source: Claims Journal

Almost four in five (78%) of organizations who paid a ransom demand were hit by a second ransomware attack, often by the same threat actor, according to Cybereason’s Ransomware: The Cost to Business Study 2024. Nearly two-thirds (63%) of these … Source: Claims Journal

The husband of a New York doctor who died shortly after dining at a Disney Springs restaurant last year accused Walt Disney Parks and Resorts of negligence in a 19-page lawsuit filed in Florida. Jeffrey Piccolo is seeking in excess … Source: Claims Journal

The US Justice Department is scrutinizing the midair blowout last month of a Boeing Co. door plug on an Alaska Air flight, in a move that could expose the company to criminal prosecution, according to a person familiar with the … Source: Claims Journal

In a message posted to, and then quickly deleted from their darknet site, the hackers blamed for striking the UnitedHealth Group said on Wednesday they stole millions of sensitive records, including medical insurance and health data, from the company. In … Source: Claims Journal