Posts by Y@DminG

Brazil’s Collective Defense Institute has filed two lawsuits demanding 3 billion reais ($525.27 million) from the Brazilian units of TikTok, Kwai and Meta Platforms for allegedly failing to create mechanisms to prevent indiscriminate use of these social media platforms by … Source: Claims Journal

The third quarter of 2024 saw a number of significant disaster events, which drove year-to date economic losses above at least $258 billion and insured losses of $102 billion, according to Aon plc in its Q3 Global Catastrophe Recap – … Source: Claims Journal

Adidas AG reached an out-of-court settlement with rapper Ye that concludes all claims connected to the sportswear maker’s decision to end their partnership two years ago. “Both parties said we don’t need to fight anymore and withdrew all the claims,” … Source: Claims Journal

An analysis of the claims paid out after the Gray and Oregon Road fires in Washington last year found that most of the homes destroyed were under-insured. The fires destroyed 366 homes, burning more than 20,000 acres outside of Spokane … Source: Claims Journal

Liberty Mutual Insurance said it expects up to $900 million in losses from hurricanes Helene and Milton. Parent Liberty Mutual Holding Company (LMHC) in a statement released some preliminary third quarter information “in support of a potential capital markets transaction.” … Source: Claims Journal

A new lawsuit accuses Subway of “grossly misleading” customers by advertising sandwiches that contain at least three times as much meat as it delivers. According to a proposed class action filed on Monday in federal court in Brooklyn, Subway ads … Source: Claims Journal

Apple convinced a federal jury on Friday that early versions of health monitoring tech company Masimo’s smartwatches infringe two of its design patents as part of a broader intellectual property dispute between the companies. The jury, in Delaware, agreed with … Source: Claims Journal

The fate of Johnson & Johnson’s latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January. After months of wrangling, a federal judge in … Source: Claims Journal

Lyft Inc. agreed to pay $2.1 million to resolve a lawsuit by the U.S. Federal Trade Commission accusing the ride-hailing company of deceiving drivers about how much they would earn when consumer demand picked up after the pandemic. The agency … Source: Claims Journal

One of Florida’s largest property insurers and one of its smaller carriers reported losses at least partly related to Hurricane Helene, which landed just before the third quarter closed, and from Hurricane Milton, which struck less than two weeks later. … Source: Claims Journal