Archive for May 2025

A crime victim will need a deep bench when responding to a cyber incident. While the role of brokers, privacy counsel and forensic investigators is well understood, the contribution of insurance claim professionals cannot be overlooked. A victim may have … Source: Claims Journal

Harvard University settled a lawsuit by a former divinity student who claims that Jewish students face widespread antisemitism on campus and who supports President Donald Trump’s efforts to force change at U.S. schools. Alexander Shabbos Kestenbaum and Harvard resolved his … Source: Claims Journal

Binance and Kraken are among major crypto exchanges that have been targeted by the same type of social-engineering hack that was recently disclosed by Coinbase Global Inc., according to people familiar with the situation. Both digital-asset platforms were able to … Source: Claims Journal

U.S. aviation safety regulators are investigating a communications outage affecting flights approaching Denver International Airport earlier this week, the latest in a series of glitches that have put a spotlight on the nation’s aging air traffic control system. Part of … Source: Claims Journal

The Florida Supreme Court on Thursday declined to consider a petition in a condominium insurance case, leaving in place conflicting rulings from Florida appeals courts. The non-decision in American Coastal Insurance vs. Patios West One Condominium Association, stemming from a … Source: Claims Journal

On the long list of crypto companies that have been hacked, there are plenty of examples of financial losses that are much more painful than what Coinbase Global Inc. appears to be facing from the attack it disclosed on Thursday. … Source: Claims Journal

The total volume of products recalled from key industries surged by 25% in the first quarter, a new report shows. Sedgwick’s report out on Thursday the surge comes amid a marginal decline in U.S. product recall events, shows 775 recalls … Source: Claims Journal

A federal jury in Delaware said on Thursday that biotech company Amgen owes competitor Regeneron more than $406 million for engaging in anticompetitive behavior to increase sales of its cholesterol-reduction drug Repatha at the expense of Regeneron’s rival drug Praluent. … Source: Claims Journal

Nestle SA, Shell PLC, Abbott Laboratories and a handful of other companies say they didn’t coordinate an advertising boycott of Elon Musk’s X following the billionaire’s purchase of the social media platform, refuting claims made in a lawsuit. Lawyers for … Source: Claims Journal

The family of a former Boeing quality control manager who killed himself after lawyers questioned him about his whistleblowing on alleged jumbo jet defects has settled a lawsuit against the aircraft maker. Details of the settlement over John Barnett’s death … Source: Claims Journal