Posts by Y@DminG

UBS Group AG agreed to pay $511 million to settle a U.S. investigation into how Credit Suisse Group, the Swiss bank it bought, helped rich Americans evade taxes even after pledging to stop the practice a decade ago. A Credit … Source: Claims Journal

Raytheon Company, RTX Corporation, and Nightwing Group LLC, and Nightwing Intelligence Solutions LLC, have agreed to pay $8.4 million to resolve allegations that Raytheon violated the False Claims Act by failing to comply with cybersecurity requirements in contracts or subcontracts … Source: Claims Journal

TeleMessage is investigating a potential security incident after a hacker claimed to steal sensitive data from the app, which former National Security Adviser Michael Waltz allegedly used to communicate with other members of the Trump administration. A spokesperson for TeleMessage … Source: Claims Journal

Rivian said on Monday that it will invest $120 million to bring its key parts suppliers near its plant in Illinois, as the electric vehicle-maker seeks to lower the impact of U.S. President Donald Trump’s tariffs on Mexico and Canada. … Source: Claims Journal

Nearly four months after wildfires reduced thousands of Los Angeles-area homes to rubble and ash, some residents are starting to rebuild. In the Pacific Palisades neighborhood, construction workers recently began placing wooden beams to frame a house on a lot … Source: Claims Journal

The U.K. supermarket chain Co-op said hackers were able to access and extract customer data from one of its systems during a recent cyberattack. “The accessed data included information relating to a significant number of our current and past members,” … Source: Claims Journal

Last year, New York City settled 13,397 claims against it for a total cost of $1.94 billion, the most ever for one fiscal year, up from $1.5 billion in fiscal year 2023, the city’s financial monitor has reported. Police ($309.56 … Source: Claims Journal

Electric vehicle maker Polestar is recalling 27,816 cars in the United States due to a rearview camera issue, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall, on Polestar 2 models that were sold in the … Source: Claims Journal

Through my 35 years in the claims industry, and experience ranging from casualty adjusting to property and construction to third-party administration, I’ve seen a significant amount of knowledge and expertise come and go. For decades, as workers have aged out … Source: Claims Journal

Even as auto insurance rates level out, drivers are still looking for a better deal. The rate of U.S. auto insurance premium price increases slowed to less than 2% at the end of 2024, down from 13% at the beginning … Source: Claims Journal