Archive for March 2025

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

The country’s preeminent federal fire training academy canceled classes, effective immediately, on Saturday amid the ongoing flurry of funding freezes and staffing cuts by President Donald Trump’s administration. The Federal Emergency Management Agency announced that National Fire Academy courses were … Source: Claims Journal