A new report identifying commercial litigation waves likely to pick up steam in 2025 highlights one particular theme that could further lengthen the tail of general liability claims for insurers writing policies for contractors and builders. The 2025 “Commercial Litigation … Source: Claims Journal

Four former Citigroup Inc. equity sales traders filed wrongful termination claims against the U.S. bank in Hong Kong this month, after a court in the city ruled that one of their ex-colleagues shouldn’t have been summarily dismissed in 2019. Christopher … Source: Claims Journal

California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim rate hike, the California Department of Insurance announced on Friday. The approval is on the provision that the company can justify the hike with data in … Source: Claims Journal

A federal judge in New York said he denied Live Nation Entertainment Inc.’s attempt to narrow the Justice Department’s antitrust case seeking to break off Ticketmaster Entertainment Inc. after the companies merged more than 15 years ago. US District Judge … Source: Claims Journal

As extreme weather events have hit the world hard in recent years, one meteorology term — atmospheric rivers — has made the leap from scientific circles to common language, particularly in places that have been hit by them. That stands … Source: Claims Journal

Not since “Banksy’s Girl with Balloon” unexpectedly self-destructed on the Sotheby’s auction floor has a work of art made such a sensation as the “duct-taped banana.” When Italian-born, New York-based artist Maurizio Cattelan debuted “Comedian” at Gallery Perrotin’s booth at … Source: Claims Journal

News Corp. has been sued by Google search engine rival Brave Software, which seeks to forestall a lawsuit by Rupert Murdoch’s company for when readers are directed to copyrighted articles from the Wall Street Journal and New York Post. In … Source: Claims Journal

Southern California Edison will begin its first close-up physical inspections of certain power equipment under investigation for possible links to the start of the Eaton Fire in Los Angeles early this year, Edison International CEO Pedro Pizarro told Reuters at … Source: Claims Journal

Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives and representatives of a consumer group pled their opposing cases in letters to Commissioner Ricardo Lara. News outlets in California … Source: Claims Journal

Property claims volume rose 36% in 2024, driven by a massive rise in catastrophe claims thanks in part to a severe Atlantic hurricane season, a new report shows. Verisk issued its Q4 Property Report on Thursday, which shows the rise … Source: Claims Journal