Posts by Y@DminG

Google won a court fight with the European Union over a €1.5 billion ($1.7 billion) fine for thwarting competition for online ads, partly making up for last week’s crushing defeat in a separate judgment for abusing its monopoly powers. Judges … Source: Claims Journal

The Biden administration plans to convene a global safety summit on artificial intelligence, it said on Wednesday, as Congress continues to struggle with regulating the technology. Commerce Secretary Gina Raimondo and Secretary of State Anthony Blinken will host on Nov. … Source: Claims Journal

Analytics from Lex Machina 2024 Trade Secret Litigation Report reveals a rise in trade secret cases filed in federal district court in 2023, along with the continued steady trend of trade secret cases that involved Defend Trade Secret Act (DTSA) … Source: Claims Journal

AccuWeather on Wednesday issued a preliminary estimate of the total damage and economic loss from an unnamed storm that struck North Carolina starting last week at $7 billion. Storm effects are continuing to be felt, and some areas have yet … Source: Claims Journal

U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team said. Losses to the National Flood Insurance Program from the hurricane are estimated to be less than $200 million, the … Source: Claims Journal

Cities from Budapest to Wroclaw in Poland are racing to build up their defenses as floodwaters peak over the coming days. The floods that unleashed destruction across central Europe are receding in many places after the torrential rain from Storm … Source: Claims Journal

The U.S. sued the owner and the operator of a Singapore-flagged ship that rammed into a Baltimore bridge in March, the most aggressive action to date in response to a disaster that killed six workers and threw the region’s transportation … Source: Claims Journal

When something goes wrong at a wedding and a claim is filed, one of the most common reasons behind the snafu is not too surprising—someone likely wasn’t doing their job. Vendor difficulties topped the list of wedding claims. Nearly half … Source: Claims Journal

U.S. property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average U.S. property insurance rate decreased 0.94% in the second quarter from a year … Source: Claims Journal

AT&T Inc. agreed to pay $13 million to settle an investigation by the US Federal Communications Commission into whether the telecommunications company failed to protect customer data that was stolen when a cloud vendor was hacked last year. The unnamed … Source: Claims Journal