Posts by Y@DminG

Alphabet Inc.’s Google was sued by advertising exchange PubMatic Inc., which is seeking billions of dollars over its claim that the search giant has illegally monopolized the ad technology market. The lawsuit, filed Monday in federal court in Virginia, is … Source: Claims Journal

The U.S. National Highway Traffic Safety Administration said on Monday it had opened a probe into about 287,000 Stellantis’ Chrysler minivans over concerns related to their electric power steering. The probe covers Chrysler Pacifica from model years 2017 to 2018. … Source: Claims Journal

Berkshire Hathaway Inc.’s PacifiCorp says ongoing litigation from massive wildfires in 2020 that exposed the company to billions of dollars in damages is jeopardizing its ability to continue providing power to hundreds of thousands of customers in Oregon. In an … Source: Claims Journal

Dan Sivertsen, CEO of Sedwick Norway, is set to also become the CEO of Sedgwick Sweden. The change is effective September 20. Sivertsen first joined Sedgwick in 2019 then returned in 2022 as the CEO of Norway. He has more … Source: Claims Journal

Insured losses exceeded $47.2 billion in Texas last year—a 4.2% increase over 2023, according to a new property/casualty market report from the state’s insurance council. Annual direct losses in Texas have now increased in two consecutive years. Broken out by … Source: Claims Journal

With inland flooding, storm surge losses and government cutbacks on the rise, parametric flood insurance may finally be having a moment in Florida and elsewhere in the Southeast. “It’s starting to get some traction. We’re seeing more and more requests … Source: Claims Journal

Anthropic PBC will pay at least $1.5 billion plus interest to resolve an authors’ copyright lawsuit over the AI company’s downloading of millions of pirated books, one of the largest settlements over artificial intelligence and intellectual property to date. A … Source: Claims Journal

The U.S. Federal Trade Commission plans to study the harms to children and others of AI-powered chatbots like those offered by OpenAI, Alphabet Inc.’s Google and Meta Platforms Inc., according to people familiar with the matter. The study will focus … Source: Claims Journal

The manager of the cargo ship that caused the collapse of Baltimore’s Key Bridge in March 2024 should be denied the protections of a federal maritime law it seeks to invoke because it is not the owner of the ship, … Source: Claims Journal

Alphabet’s Google was hit with a 2.95-billion-euro ($3.45 billion) EU antitrust fine on Friday for anti-competitive practices in its lucrative adtech business, a sharp sanction against the firm that could rile up U.S. President Donald Trump. The fine, the fourth … Source: Claims Journal