Posts by Y@DminG

Families of four of the five Marines killed when their Osprey crashed in California in June of 2022 filed a federal lawsuit alleging that the aircraft’s manufacturers failed to address known mechanical failures that led to the deaths. The Marines … Source: Claims Journal

ABN Amro Bank NV became the latest European lender to suffer a data breach through one of its suppliers as criminals seek to exploit weaker links adjacent to banking. The Dutch bank said in a statement Friday unauthorized parties may … Source: Claims Journal

The top US auto-safety regulator expanded its investigation into Waymo, the autonomous-vehicle subsidiary of Alphabet Inc., after more incidents were identified in which the company’s cars were involved in collisions or may have violated traffic laws. The US National Highway … Source: Claims Journal

Barely noticed outside marijuana industry groups, the Biden Administration has been moving to change the classification of marijuana as a less dangerous drug. That follows a recommendation by the U.S. Department of Health and Human Services to the Drug Enforcement … Source: Claims Journal

Allianz is the lead insurer for the Singapore Airlines aircraft which left one person dead and scores injured after it hit severe turbulence and had to be diverted to Bangkok this week, two sources said on Thursday. The sources familiar … Source: Claims Journal

A new study from Aon on Representations and Warranties in transactions shows that compliance with laws has grown to become the third most significant driver of loss, behind only financial statements and material contracts. Aon released its Global Transaction Solutions … Source: Claims Journal

U.S. planemaker Boeing faces a “long road” to address safety issues, the head of the Federal Aviation Administration said on Thursday as it prepares to receive the company’s plan to address concerns. In late February, FAA Administrator Mike Whitaker gave … Source: Claims Journal

Bayer AG Chief Executive Officer Bill Anderson said the wave of lawsuits over its Roundup weedkiller is an “existential” threat to the company and farmers, ratcheting up the stakes as it considers a controversial legal maneuver. “The glyphosate litigation topic … Source: Claims Journal

Norfolk Southern agreed to pay a $15 million civil penalty and $57.1 million in past government cleanup costs on Thursday, as well as millions in future costs to resolve a U.S. government lawsuit over a 2023 train derailment in East … Source: Claims Journal

Once perceived as intricate, time-consuming, and on occasion, frustrating, insurance claims processing has undergone a substantial transformation with the integration of new technological solutions. From artificial intelligence (AI) to big data and automation, the insurance industry is witnessing a rapid … Source: Claims Journal