Archive for June 2024

Elon Musk and his companies are embroiled in dozens of lawsuits, ranging from fatal crashes blamed on Tesla Inc.’s Autopilot system to civil rights complaints over the treatment of employees. Tesla’s board and Musk were hit Thursday with another suit … Source: Claims Journal

Snowflake Inc. is trying to get its clients to impose stronger security controls as companies including Advanced Auto Parts Inc. and Live Nation Entertainment Inc. investigate potential data breaches. The cloud-based data analytics firm has said that hackers were targeting … Source: Claims Journal

The automotive industry has entered a fiercely competitive phase in the electric vehicle transition, and it’s producing an intriguing result for US car buyers: the first long-range EVs that are cheaper to buy than the average gas-powered car. At least … Source: Claims Journal

Netflix Inc. faces a defamation lawsuit seeking at least $170 million from a woman who claims to be the inspiration behind a central character in the hit series Baby Reindeer. Fiona Harvey sued the streaming service in a California court … Source: Claims Journal

A former HSBC Holdings Plc trader is demanding a €1.4 million ($1.5 million) payout from the lender in France, alleging it suddenly turned against him when he warned top bosses about a potential scandal over exorbitant brokerage fees. Yoram Loeb, … Source: Claims Journal

A panel of the 5th Circuit Court of Appeals ruled this week that a Louisiana statute voids the formation of an arbitration clause in a surplus lines insurance contract. In its opinion, the appellate court reasoned that the general principles … Source: Claims Journal

Large SUVs give the impression of a safer ride; however, that isn’t always the case, new crash test results by the Insurance Institute for Highway Safety show. The Jeep Wagoneer is the only model out of three popular large SUVs … Source: Claims Journal

Environmental groups took the first step to sue the owner of an oil refinery near Denver for years of pollution violations, saying that state regulators haven’t done enough to hold the owner accountable. The refinery owned by Suncor Energy sits … Source: Claims Journal

Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief executive officer of Chubb Limited, explained that social attitudes … Source: Claims Journal

Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused their data to boost its own market share and profits. The British Independent Retailers Association (BIRA), an umbrella body grouping … Source: Claims Journal