A cyberattack that brought down Elon Musk’s X targeted servers that were insufficiently protected from malicious traffic, according to cybersecurity analysts. Users of the social media platform faced intermittent outages through Monday, which Musk blamed on a “large, coordinated group” … Source: Claims Journal

A federal appeals court decision handed down last week is a victory for a Liberty Mutual surplus carrier, but it highlights what one attorney said is a widespread problem in the construction industry: an alleged “bait and switch” by insurers … Source: Claims Journal

Lloyd’s this week said it will lose $2.3 billion from the Los Angeles wildfires in January, adding to the number or companies that have paid out more than $1 billion in losses from the catastrophe. The company revealed the losses … Source: Claims Journal

Most ransomware claims in 2024 started with compromised perimeter security appliances (58%), like virtual private networks (VPNs) or firewalls, remote desktop products were second-most (18%) exploited, a new report shows. Global insurance provider Coalition’s Cyber Threat Index 2025 report shows … Source: Claims Journal

The Girl Scouts have been sued by consumers over the alleged presence of “heavy metals” and pesticides in its popular Thin Mints and other cookies. A proposed class action was filed on Monday night in the Brooklyn, New York federal … Source: Claims Journal

President Donald Trump said he would increase steel and aluminum tariffs on Canada to 50% to retaliate against Ontario’s move raising taxes on electricity sent to the US, ramping up his fight with the US’s largest trading partner. “This will … Source: Claims Journal

Wells Fargo sued JPMorgan Chase on Monday to recover losses for investors in a $481 million commercial real estate loan that was allegedly based on a fraudulently inflated financial metric. The lawsuit pits the fourth-largest U.S. bank against the largest, … Source: Claims Journal

French households, businesses and local authorities will face soaring costs for insurance if the country fails to adapt to a changing climate, the government said Monday. The cost of climate disasters may double in the 30 years through 2050, reaching … Source: Claims Journal

IBM on Monday won a London lawsuit against U.S. tech entrepreneur and philanthropist John Moores’ company LzLabs, which the IT giant accused of stealing trade secrets. IBM sued Switzerland-based LzLabs, two English subsidiaries and their ultimate owner Moores, who previously … Source: Claims Journal

As China’s political elite gathered for the annual National People’s Congress in Beijing last week, auto executives offered a range of ambitious policy proposals aimed at propelling the industry into the next era of smart mobility. From flying cars to … Source: Claims Journal