Archive for February 2025

Malaysia’s 1MDB has dropped a years-long lawsuit against Riza Aziz, one of the producers of hit movie The Wolf of Wall Street, and a stepson to jailed former Prime Minister Najib Razak. The state investment fund, known formally as 1Malaysia … Source: Claims Journal

The number of Americans that think it’s a good idea for property/casualty insurers to leverage artificial intelligence is headed down, with a growing number of people who say they would be less likely to buy a policy with an insurer … Source: Claims Journal

Smartwatches and other wearable technologies have the potential to change the pricing of life insurance policies by offering better data about individuals’ mortality risk, according to a new report by reinsurance company Munich Re and analytics firm Klarity. The study … Source: Claims Journal

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention said on Monday the agencies were investigating a multi-state outbreak of listeria infections linked to frozen supplemental shakes manufactured by Prairie Farms Dairy Inc. As of … Source: Claims Journal

The OKX cryptocurrency exchange, one of the world’s largest, pleaded guilty on Monday to processing more than $1 trillion in transactions by U.S. customers without a license and will pay more than $504 million in penalties. The exchange, which allows … Source: Claims Journal

Johnson & Johnson said on Monday it had filed a lawsuit against Samsung Bioepis for breaching its contract agreement with the drugmaker over the launch of a biosimilar to Stelara, J&J’s autoimmune drug. J&J said it is seeking a preliminary … Source: Claims Journal

DoorDash Inc., the biggest food-delivery firm in the U.S. by market share, agreed to pay New York couriers $16.8 million in back pay to resolve a state investigation into its payment practices. DoorDash used customer tips to subsidize base pay … Source: Claims Journal

Alphabet’s Google internet search engine is eroding demand for original content and undermining publishers’ ability to compete with its artificial intelligence-generated overviews, a U.S. educational technology company said in a lawsuit filed on Monday. Chegg, an online education company that … Source: Claims Journal

The European Union is broadening the list of U.S. goods it will target with retaliatory tariffs if U.S. President Donald Trump follows through on his threat to impose duties on steel and aluminum exports, according to people familiar with the … Source: Claims Journal

ATI Restoration named Frances Zoellner regional vice president of the Mountain West region. She will lead business development managers across the region, focusing on the company’s growth and expansion. Zoellner was previously senior vice president of sales for ServiceMaster. Zoellner … Source: Claims Journal