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Chubb Ltd. estimates that the wildfires that ravaged swaths of Los Angeles earlier this month will cost the insurer $1.5 billion in the first quarter. The Zurich-based firm revealed the expected cost in a statement Tuesday that detailed its fourth-quarter … Source: Claims Journal

Microsoft-backed OpenAI sought to block on Tuesday India’s biggest media organizations, including those of billionaires Gautam Adani and Mukesh Ambani, from joining a copyright lawsuit that is set to shape the legal framework for AI in India. Courts globally are … Source: Claims Journal

Storm Herminia triggered the worst flooding in four decades in parts of northwest France and created dangerous avalanche conditions in the Alps. In Brittany, hundreds of people were evacuated from their homes in the department of Ile-et-Vilaine, including the city … Source: Claims Journal

First it was the fake bear insurance fraud that made headlines around the country. Now, it’s a fake deer that has landed a South Carolina woman in jail after authorities said she provided false information to a Progressive Insurance company. … Source: Claims Journal

KuCoin, one of the world’s largest cryptocurrency exchanges, pleaded guilty on Monday to operating an unlicensed money transmitting business, and agreed to more than $297 million in fines and forfeiture, the U.S. Department of Justice said. Peken Global Ltd, which … Source: Claims Journal

Southern California Edison, a unit of utility Edison International, said on Monday preliminary analysis of data showed a “momentary and expected increase in current” on its energized lines in the Eaton Canyon corridor on Jan. 7 evening. Fire officials have … Source: Claims Journal

Holdout creditors who claim tainted baby powder gave them ovarian cancer urged a judge to reject Johnson & Johnson’s plan to force an end to all related cancer lawsuits. The proposed settlement — worth more than $8 billion — wrongly … Source: Claims Journal

Japan’s Fuji Media said on Monday its chairman and the head of its TV unit would step down immediately amidst a probe into alleged sexual misconduct by a celebrity TV host. The scandal, which has led to an exodus of … Source: Claims Journal

A Pierce County, Washington, man has been ordered to pay back more than $60,000 to Washington’s workers’ compensation fund after videos reportedly showed he was working and carrying heavy objects in the years he was allegedly unable to work from … Source: Claims Journal

South Korea released a preliminary report into last month’s deadly Jeju Air Co. crash that offers more detail on the role of bird strikes in the disaster, while still leaving crucial questions unanswered. The report sheds additional light on the … Source: Claims Journal