Archive for December 2025

The administrator overseeing the wind-down of Do Kwon’s Terraform Labs has filed a lawsuit against Jump Trading, alleging the Chicago-based firm illegally profited from — and helped to accelerate — its 2022 collapse. “The Office of the Terraform Labs Plan … Source: Claims Journal

Visa and Mastercard have agreed to pay a combined $167.5 million to settle a class action lawsuit accusing them of conspiring to keep ATM access fees artificially high. The proposed settlement was filed on Thursday in the federal district court … Source: Claims Journal

A Minnesota jury awarded $65.5 million on Friday to a mother of three who claimed talcum products made by Johnson & Johnson exposed her to asbestos and contributed to her developing cancer in the lining of her lungs. Jurors determined … Source: Claims Journal

Negotiation determines the outcome of nearly every litigated claim in our industry, yet it remains one of the least systematically developed skills inside many claims and defense organizations. After decades in claims handling and leadership roles, I’ve seen firsthand how … Source: Claims Journal

Ford is recalling 272,645 vehicles in the U.S. due to a loss of park function, causing the vehicle to roll away and increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Friday. Related: Ford … Source: Claims Journal

Wells Fargo & Co. was sued by a former manager who says he was fired for pushing the bank to create a more diverse workforce and objecting to its practice of interviewing minority applicants for jobs that were already filled. Source: Claims Journal

The Justice Department said Thursday it had reached a settlement with the U.S. arm of Chinese auto parts supplier Wanxiang over import tariffs owed on wheel hub assemblies and other parts imported from China over a five-year period. The U.S. … Source: Claims Journal

Apollo Global Management Inc. is building out its risk review process to reflect the impact on asset valuations of extreme weather. The decision comes amid a rise in the damage done to physical assets by floods, storms and wildfires. Apollo, … Source: Claims Journal

Wells Media Group Inc. today announced the 2026 Insurtech + AI Demo Day events calendar, a lineup of virtual events featuring live demos of the AI and technology tools and innovations shaping the insurance industry. The series is presented by … Source: Claims Journal

Brussels’ proposal to abandon a 2035 deadline for a total shift to fully electric driving allows Europe’s legacy carmakers more time to sell hybrids, but for the longer term, EVs are still the future, analysts and experts said. On Tuesday, … Source: Claims Journal