Posts by Y@DminG
Citi Exec Alleges She Was Fired After Raising Trump-Related Compliance Concerns
A former Citigroup C.N executive alleged in a lawsuit that the bank fired her in retaliation for identifying regulatory and compliance risks that, according to a Financial Times report on Tuesday, were related to Citi’s efforts to court U.S. President … Source: Claims Journal
Read MoreAI Is Reshaping Insurance: What Claims Pros and Lawyers Must Know Now
Artificial intelligence has become a significant industry trend that is here to stay. Insurers no longer use AI as an experimental tool but instead have ingrained it into everyday insurance operations. Notably, carriers utilize AI for underwriting, pricing, claim intake … Source: Claims Journal
Read MoreHome Insurance And The Unraveling of Florida Communities
While visiting family in St. Petersburg, Florida, in November 2024, I found myself walking down a quiet residential street in Shore Acres, a low-lying, bayfront neighborhood not far from where I grew up. Two months earlier, Hurricane Helene had sent … Source: Claims Journal
Read MoreJudge Dismisses Musk’s xAI Trade Secret Lawsuit Against OpenAI
A federal judge dismissed a lawsuit on Monday by Elon Musk’s artificial intelligence company xAI that accused rival Sam Altman’s OpenAI of stealing trade secrets for chatbots. U.S. District Judge Rita Lin in San Francisco said xAI failed to show … Source: Claims Journal
Read MoreShip Owner Seeks Dismissal of All Economic Loss Claims From Baltimore Bridge Collapse
The city of Baltimore and about 11 private entities including dockworkers and small businesses should not be allowed to collect for any economic losses from the collapse of Baltimore’s Key Bridge in 2024, the owner and manager of the Dali … Source: Claims Journal
Read MoreShip Owner Seeks Dismissal of All Economic Loss Claims From Baltimore Bridge Collapse
The city of Baltimore and about 11 private entities including dockworkers and small businesses should not be allowed to collect for any economic losses from the collapse of Baltimore’s Key Bridge in 2024, the owner and manager of the Dali … Source: Claims Journal
Read MoreShip Owner Seeks Dismissal of All Economic Loss Claims From Baltimore Bridge Collapse
The city of Baltimore and about 11 private entities including dockworkers and small businesses should not be allowed to collect for any economic losses from the collapse of Baltimore’s Key Bridge in 2024, the owner and manager of the Dali … Source: Claims Journal
Read MoreDanone US Sues Chobani Over High-Protein Yogurt Labeling Claims
The battle between high-protein yogurts has entered the courtroom. Danone SA’s US subsidiary sued Chobani in US court on Monday, alleging that Chobani is improperly marketing how much protein is in a serving of its yogurt. The lawsuit, filed in … Source: Claims Journal
Read MoreNonprofit Hospital Entitled to Liability Cap But Not Immunity: NJ High Court
A unanimous New Jersey Supreme Court ruled on June 10 that a federally qualified nonprofit health center that provides healthcare to underserved populations is not entitled to immunity from a patient’s negligence suit under the state’s Charitable Immunity Act (CIA) … Source: Claims Journal
Read MoreWall Street Is Gaining Access to New Catastrophe Models to Help Predict Wars
As Wall Street races to incorporate war into its risk scenarios, the same people modeling natural catastrophes are now adapting their methodology to help investors, banks and insurers predict military conflicts. Since 2008, the number of countries engaged in external … Source: Claims Journal
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