Archive for September 2024
U.S. SEC Hits 7 Public Companies with Penalties for Violating Whistleblower Protections
Seven public companies agreed to pay a combined $3 million to settle U.S. Securities and Exchange Commission charges they violated whistleblower protections, the regulator said on Monday. TransUnion agreed to pay $312,000 and Acadia Healthcare Company will pay $1.39 million … Source: Claims Journal
Read MoreCompetition Fueled by Strong Cyber Insurance Profitability, Pricing Declines
The cyber insurance market is being set up for continued strong growth, propelled by an increasing number of severe cyber-attacks, more competition and price declines, a new Moody’s report shows. The cyber market has seen moderate pricing declines, and some … Source: Claims Journal
Read MoreNTSB Probe of Jeep Engine Fire Reports Could Affect 781K Vehicles
Stellantis NV said it’s cooperating with U.S. authorities investigating reports of Jeep engines catching fire, in a potential setback for the company that’s trying to reverse a drop in market share in North America. The National Highway Traffic Safety Administration … Source: Claims Journal
Read MoreStorm Surge and Flooding Threaten as Francine Approaches U.S. Gulf Coast
Meteorologists say Francine could produce life-threatening storm surge and dangerous flash flooding across parts of coastal Louisiana, Texas and Mississippi as it approaches the Gulf Coast. AccuWeather meteorologists say the shallow continental shelf makes the Gulf coast “extremely vulnerable to … Source: Claims Journal
Read MoreInvestors in $1 Billion Crypto ‘Skyscraper’ Scheme to Get Repaid in Settlement
Texas and four other states have reached a settlement with operators of an alleged $1 billion illegal cryptocurrency investment scheme highlighted by tokenized partial ownership of a skyscraper, according to the Texas State Securities Board. The regulators are hoping to … Source: Claims Journal
Read MoreStorm Forming in Gulf of Mexico Forecast to Hit U.S. as Hurricane
A tropical storm forming in the southwestern Gulf of Mexico is threatening to unleash powerful winds and heavy rain as it makes its way toward the US where it will likely hit Wednesday as a hurricane. The system already has … Source: Claims Journal
Read MoreStellantis Recalling 1.46 Million Vehicles Worldwide
Chrysler parent Stellantis said Saturday it is recalling 1.46 million vehicles worldwide due to a software malfunction in the anti-lock brake system that can increase the risk of a crash. The recall includes nearly 1.23 million Ram 1500 trucks from … Source: Claims Journal
Read MoreFast-Growing California Wildfire Threatening 35,000 Structures
A fast-growing wildfire in Southern California, has burned 27 square miles, forcing thousands to evacuate had is putting roughly 35,000 homes and buildings at risk. The Line fire near San Bernardino more than quadrupled in size over the weekend, prompting … Source: Claims Journal
Read MoreFormer NFL Player’s $43.5 Million Score in Medical Malpractice Case Upheld
A Philadelphia appeals court has upheld the $43.5 million award to former Philadelphia Eagles’ special teams player and captain Chris Maragos in his medical malpractice claim alleging that failed treatment of a knee injury ended his National Football League (NFL) … Source: Claims Journal
Read MoreClaims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC
Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims than the 20-year average, reported the Insurance Bureau of Canada. About 228,000 home, auto and business insurance claims have been … Source: Claims Journal
Read More