Posts by Y@DminG

Malaysia said it’s entered mediation talks with Julius Baer Group Ltd. in a bid to settle a $112 million lawsuit filed against the Swiss bank by a unit of the failed 1MDB development fund. SRC International (Malaysia) Ltd. sued the … Source: Claims Journal

Starbucks must face a lawsuit claiming it defrauded shareholders by concealing declining sales in the United States and China, its largest markets, leading to a 16% drop in its stock price after the coffee chain revealed the unexpected weakness. In … Source: Claims Journal

U.S. Transportation Secretary Sean P. Duffy unveiled the design details for what he says is a first-of-its-kind advanced female crash test dummy. Known as the THOR-05F, the dummy, is critical to addressing the ongoing trend of higher injury rates for … Source: Claims Journal

Alphabet’s Waymo will expand its robotaxi operations to Minneapolis, Tampa and New Orleans in the coming days, the ride-hailing service provider said on Thursday, as it accelerates the broad rollout of its services in the U.S. The company said it … Source: Claims Journal

GEICO insurance companies can’t dismiss a South Carolina lawsuit that demands they pay almost $70 million in back taxes and penalties, a federal judge ruled in a case that could ultimately affect how insurance taxes are collected by cities in … Source: Claims Journal

Berkshire Hathaway Inc.’s PacifiCorp said it has reached a $150 million settlement with 1,434 plaintiffs associated with the 2020 Labor Day fires in Oregon. The accord, disclosed Wednesday in a regulatory filing, will resolve claims by property owners that the … Source: Claims Journal

Warner Music Group has settled a copyright infringement case with artificial intelligence company Udio and will jointly launch a new platform for song creation in 2026, the companies said on Wednesday. The new subscription service, which will be powered by … Source: Claims Journal

According to The Council of Insurance Agents & Brokers quarterly survey, commercial property/casualty premiums across all account sizes in the third quarter 2025 rose by 1.6%, as premium increases in all lines of business were either flat or lower than … Source: Claims Journal

The Tulsa City Council last week approved an ordinance allowing the city’s fire department to charge insurance companies for responses to some motor vehicle accidents. The cost recovery program will charge the at-fault driver’s insurance carrier, and the fee amount … Source: Claims Journal

For one claims professional who is working in Jamaica, it is clear that the scale of the damage left in the wake of Hurricane Melissa will have a long-lasting, and far-reaching impact for businesses and people. But the biggest concern … Source: Claims Journal