Posts by Y@DminG

The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main financial regulator warned. Rising damages from extreme weather don’t seem to be a regulatory problem, but rather a cost problem, … Source: Claims Journal

Toyota has been sued in a proposed U.S. class action accusing the Japanese automaker of emissions cheating in nine engines for its forklift trucks. A complaint was filed by forklift purchasers on Sunday night in San Francisco federal court against … Source: Claims Journal

Municipal bond funds that lost more than $200 million after a sprawling Arizona sports complex collapsed into bankruptcy sued the investment bank that underwrote the debt for the project and the father-and-son team that developed and managed it. The Vanguard … Source: Claims Journal

California and several environmental groups sued Exxon Mobil on Monday and accused the oil giant of engaging in a decades-long campaign that helped fuel global plastic waste pollution. Speaking at an event during Climate Week in New York City, California … Source: Claims Journal

Purdue Pharma LP said its making progress in settlement talks with members of the Sackler family who own the company and won another extension of a breathing spell that’s shielded the family from civil lawsuits for years. Judge Sean Lane … Source: Claims Journal

A hacker responsible for a cybercrime campaign that impacted up to 165 companies this summer is still at large and recently broke into a “handful” of new organizations, according to a cybersecurity specialist at Alphabet Inc.’s Google. The attacker, who … Source: Claims Journal

A weather service said a brewing storm headed toward the Gulf Coast is expected to become “a large hurricane with a major storm surge threat and impacts that will reach hundreds of miles inland from where this storm makes landfall.” … Source: Claims Journal

With the vast majority (91%) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly seven-in-10 actuaries and underwriters are worried about being replaced by artificial intelligence, according to a … Source: Claims Journal

The U.S. Gulf Coast from Mississippi to the Florida Panhandle is at risk of a hurricane strike by the end of the week as a patch of turbulent weather in the Atlantic becomes more organized. Currently a swirl of thunderstorms … Source: Claims Journal

A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $10 billion proposed settlement that would end tens of thousands of lawsuits alleging that the company’s baby … Source: Claims Journal