Archive for March 2025

The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network. The Australian Securities and … Source: Claims Journal

A year after Elon Musk urged U.S. companies to abandon Delaware as their legal home and follow Tesla to Texas, legislators in the two states on Wednesday considered bills in an unusual battle over corporate law that critics say benefits … Source: Claims Journal

A San Jose, California, body shop owner was charged with insurance fraud following an undercover sting operation that reportedly revealed he jacked an insurance damage estimate on a bait car. The operation, led by investigators from the Santa Clara County … Source: Claims Journal

“Fire took everything, please help.” The headline was one of hundreds like it on GoFundMe campaigns that launched even as the embers of the fires in the Pacific Palisades and Altadena were still smoldering. They were a grim reminder that … Source: Claims Journal

Insurance companies have so far paid out more than $12 billion for losses from the two biggest of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes in January. California Insurance Commissioner Ricardo … Source: Claims Journal

Helicopter traffic should be permanently banned near Ronald Reagan Washington National Airport during certain periods to alleviate congestion and avoid a repeat of the deadly midair collision that occurred there in January, the agency probing the accident recommended. Specifically, National … Source: Claims Journal

Billionaire Jim Ratcliffe suffered a fresh setback at his money-losing auto business, recalling more than 7,000 vehicles in the US after customers reported that doors on their SUVs flew open while driving. Ineos Automotive Ltd. will replace door-button mechanisms on … Source: Claims Journal

A survey of 2,000 cannabis consumer driving behavior in eight states shows a majority say they drive the same day that they consume cannabis compared waiting eight or more hours—half believe they drive just as well while high. The AAA … Source: Claims Journal

French publishers and authors are suing Meta Platforms Inc. for copyright infringement, accusing the tech giant of using their books to train its generative artificial intelligence model without authorization. SNE, the trade association representing major French publishers including Hachette and … Source: Claims Journal

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