Posts by Y@DminG

Bank of America Corp. has reached an agreement in principle to settle a proposed class action lawsuit on behalf of Jeffrey Epstein victims who accused the bank of aiding in the deceased financier’s sex-trafficking, according to a court record. The … Source: Claims Journal

As another wildfire season looms, insurance companies have abandoned some California neighborhoods at lower risk of burning, forcing tens of thousands of homeowners to obtain bare-bones coverage from the state’s insurer of last resort. California intended the insurer, called the … Source: Claims Journal

Blizzards, wildfires and thunderstorms swirling toward the eastern U.S. have knocked out power to thousands and grounded hundreds of flights across the Midwest. Heavy snow touched off blizzard warnings from South Dakota to Michigan’s Upper Peninsula on Sunday, the National … Source: Claims Journal

Lucid unveiled a two-seater robotaxi concept without steering wheel and pedals, and launched new self-driving tech subscriptions, as the electric-vehicle maker laid out its roadmap for the technologies at an investor day event on Thursday. The unveiling deepens Lucid’s push … Source: Claims Journal

Starbucks may be neglecting the financial and reputational risks that stem from labor disputes, two proxy advisory firms are warning shareholders. The warnings come more than a year after contract talks between the company and its U.S. union, formed by … Source: Claims Journal

Generic drugmaker Viatris has settled a lawsuit brought by the family of Henrietta Lacks, a Maryland woman whose tissue samples were used without her permission to develop enduring cells for lucrative medical research. Viatris and Lacks’ estate told a federal … Source: Claims Journal

Adobe Inc. will pay about $150 million to settle a complaint from U.S. regulators that the creative software company made it too difficult for consumers to cancel their subscriptions. Of the total, $75 million will be spent giving free services … Source: Claims Journal

The National Transportation Safety Board will hold a March 31 hearing to determine the probable cause of two fatal crashes involving Ford Motor’s hands-free advanced driver assistance system BlueCruise. Both crashes in 2024 involved 2022 model year Ford Mustang Mach-Es … Source: Claims Journal

Volkswagen AG and Volvo Car AB warned that the Middle East conflict threatens demand at a time when automakers are struggling to recover from uneven electric-vehicle sales, tariffs and a slump in China. “We see already in many markets customer … Source: Claims Journal

U.S. forecasters say an El Niño is favored to emerge in the Pacific Ocean by September, threatening to drive global temperatures higher and disrupt crops in the months ahead. Scientists at the U.S. Climate Prediction Center project a 62% chance … Source: Claims Journal