News Archives - Claims Journal

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9 05, 2024

Panera Axes ‘Charged’ Lemonades and Other Drink That Sparked Lawsuits

By | May 9th, 2024|Uncategorized|Comments Off on Panera Axes ‘Charged’ Lemonades and Other Drink That Sparked Lawsuits

Panera Bread Co. is discontinuing its Charged Sips, which have drawn lawsuits alleging the caffeinated drinks lead to health issues. To replace the drinks, the company plans to introduce new beverages in the next two weeks, according to a memo …

9 05, 2024

Insurance Firms Deny Chevron’s $57 Million Claim for Iran Oil Seizure

By | May 9th, 2024|Uncategorized|Comments Off on Insurance Firms Deny Chevron’s $57 Million Claim for Iran Oil Seizure

Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California. The Chevron-chartered tanker Advantage Sweet was boarded by Iranian …

9 05, 2024

Hackers Behind MGM Attack Targeting Banks, Insurers in New Campaign

By | May 9th, 2024|Uncategorized|Comments Off on Hackers Behind MGM Attack Targeting Banks, Insurers in New Campaign

The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers. The group, known as Scattered Spider, has targeted 29 companies …

8 05, 2024

Supreme Court Will Hear Case by Trucker Claiming CBD Product Got Him Fired

By | May 8th, 2024|Uncategorized|Comments Off on Supreme Court Will Hear Case by Trucker Claiming CBD Product Got Him Fired

The Supreme Court has agreed to hear an appeal from a CBD hemp oil maker fighting a lawsuit from a truck driver who says he got fired after using a product falsely advertised as being free from marijuana’s active ingredient. …

8 05, 2024

Berkshire’s Jain on Cyber: ‘The Mindset Should Be You’re Not Making Money’

By | May 8th, 2024|Uncategorized|Comments Off on Berkshire’s Jain on Cyber: ‘The Mindset Should Be You’re Not Making Money’

While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway’s head of insurance operations said aggregation and loss costs have kept the company away from the risk for the most part. Yes, profitability has been “fairly high” for …

8 05, 2024

Decayed, Broken Utility Pole Caused Largest Wildfire in Texas History: Committee Report

By | May 8th, 2024|Uncategorized|Comments Off on Decayed, Broken Utility Pole Caused Largest Wildfire in Texas History: Committee Report

A decayed utility pole that broke, causing power wires to fall on dry grass in the Texas Panhandle, sparked the state’s largest wildfire in history, a Texas House committee confirmed last week. And other poorly maintained power equipment sparked four …

8 05, 2024

Tesla Autopilot Probe Escalates With US Regulator’s Data Demands

By | May 8th, 2024|Uncategorized|Comments Off on Tesla Autopilot Probe Escalates With US Regulator’s Data Demands

Tesla Inc. is facing a July 1 deadline to furnish US regulators with information about its biggest-ever recall because drivers using Autopilot keep crashing while using the system. In a letter posted on its website Tuesday, the National Highway Traffic …

8 05, 2024

After Years of Taunts, Brash Leader of LockBit Charged by US

By | May 8th, 2024|Uncategorized|Comments Off on After Years of Taunts, Brash Leader of LockBit Charged by US

For years now, the leader of the ransomware gang LockBit, known as LockBitSupp, has been a provocative if mysterious presence on dark web forums. He has goaded law enforcement authorities and aggressively recruited hackers from rival gangs. But his identity …

3 05, 2024

GSK, Boehringer Put Profits Over User Safety, Zantac Jury Told

By | May 3rd, 2024|Uncategorized|Comments Off on GSK, Boehringer Put Profits Over User Safety, Zantac Jury Told

Drugmakers GSK Plc and Boehringer Ingelheim GmbH prioritized profits over consumer safety by hiding the cancer risks of their once-blockbuster heartburn drug Zantac, according to lawyers representing a Chicago woman in the first of thousands of such claims to go …

3 05, 2024

RYZE Claim Solutions Adds Myers and Conti

By | May 3rd, 2024|Uncategorized|Comments Off on RYZE Claim Solutions Adds Myers and Conti

RYZE Claim Solutions added Stuart Myers and Christopher Conti to its board of directors. Myers is the former president and chief operating officer for York Insurance Services, which was acquired by American International Group. At AIG, he was senior vice …