Posts by Y@DminG

USI Insurance Services has sued three former producers, who “reneged on their contractual obligations” in a move to competitor Howden US, the brokerage alleged. According to a lawsuit filed earlier this month in U.S. District Court for the Eastern District … Source: Claims Journal

Los Angeles is bracing for a lengthy heat wave as the weather system that’s cooked Texas expands westward and begins stripping moisture from Southern California’s terrain. Heat alerts stretch from Santa Barbara along California’s central coast to the U.S.-Mexico border … Source: Claims Journal

Londoners are facing historic levels of subsidence risk after five successive heat waves dried out the clay soil on which much of the city is built. Insurance claims tied to subsidence — a phenomenon associated with bouts of hot, dry … Source: Claims Journal

JPMorgan Chase & Co. and Morgan Stanley are among banks shareholders are suing over their roles on multibillion-dollar buyout deals after a recent corporate-law overhaul failed to protect financial advisers from potential liability. In cases against financial advisers, shareholders have … Source: Claims Journal

The U.S. Federal Trade Commission reached a settlement resolving its antitrust case against Zillow Group Inc. and Rocket Companies Inc.’s Redfin, the agency said. Redfin will re-enter the market to independently sell online rental listings, an FTC lawyer told a … Source: Claims Journal

Scientists have recorded the highest temperature ever measured in the world’s oceans, as climate change combines with a powerful El Niño in the tropical Pacific. The global average sea-surface temperature hit a record 21.1C (70F) on Aug. 22, according to … Source: Claims Journal

Insurance Journal’s Risky Future series is hosting the “AI Tools for BPO & Consulting” Demo Day, a series of free AI tool demonstrations designed exclusively for Carriers, MGAs, Retail Agencies and Operations Executives. This event spotlights AI solutions that focus … Source: Claims Journal

The U.S. National Highway Traffic Safety Administration said on Friday it has opened a probe into 997,743 General Motors pickup trucks and SUVs over concerns related to engine failure. The vehicles include the Cadillac Escalade, Chevrolet Silverado 1500 and GMC … Source: Claims Journal

A federal judge on Friday dismissed major portions of a Ben & Jerry’s lawsuit accusing its former parent Unilever of trying to silence the ice cream maker’s social activism, dismantle its board and stop funding its namesake foundation. U.S. District … Source: Claims Journal

Tesla Inc. and at least eight other automakers are recalling millions of cars in China over safety concerns with their door handles, a major step to address flaws that have led to vehicle entrapment and multiple fatalities. More than 4 … Source: Claims Journal