Posts by Y@DminG

British businesses should be legally required to report material cyberattacks to the authorities, the chairman of retailer Marks & Spencer said on Tuesday, claiming two recent major attacks on large U.K. firms had gone unreported. Giving evidence to lawmakers on … Source: Claims Journal

Progressive Insurance will not have to face two class actions by Pennsylvania insureds alleging that the insurer systematically underestimated the actual cash value (ACV) of their totaled vehicles and thus breached its insurance agreements with them under state law. The … Source: Claims Journal

The Brazilian fintech company XP filed a U.S. lawsuit on Monday accusing the short seller Grizzly Research of defamation over a March 12 report accusing XP of running a “Madoff-like Ponzi scheme.” In a complaint filed in federal court in … Source: Claims Journal

UBS must face two lawsuits by investors who said the former Credit Suisse defrauded them prior to its March 2023 demise with false and misleading statements about its financial condition, a U.S. judge ruled on Monday. U.S. District Judge Colleen … Source: Claims Journal

The cyberattack that derailed Marks and Spencer Group Plc’s operations for weeks was the result of a “sophisticated impersonation” of one of the retailer’s third-party users, according to Chairman Archie Norman. The hackers entered M&S’s systems on April 17 and … Source: Claims Journal

Epic Games Inc. settled its antitrust case against Samsung Electronics Co. that alleged the company was conspiring with Alphabet Inc.’s Google to block rival app marketplaces through default settings on mobile devices sold by the electronics giant. In a brief … Source: Claims Journal

State Farm has long positioned itself as the dependable “good neighbor” ready to help when disaster strikes. Through carefully crafted advertising, the company promotes a sense of comfort, security, and connection. Images of helpful agents arriving with a smile and … Source: Claims Journal

The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query covering about 1.2 million Stellantis’ Ram trucks over concerns related to the transmission. The auto safety regulator said impacted vehicles displayed issues related to the … Source: Claims Journal

The deadly flash floods in Texas that killed more than 100 people over the Fourth of July holiday weekend will cause an estimated $18 billion to $22 billion in total damage and economic loss, AccuWeather said. The weather forecasting service … Source: Claims Journal

President Donald Trump said he’ll impose tariffs of 25% on goods from Japan and South Korea beginning Aug. 1, giving the two export powers a narrow three-week window to open their markets to American products and manufacture more in the … Source: Claims Journal