Posts by Y@DminG

A unit of Warren Buffett’s Berkshire Hathaway was added on Monday to a lawsuit accusing the National Association of Realtors and several brokerages of conspiring to keep real estate commissions artificially high nationwide. The complaint filed in a Kansas City, … Source: Claims Journal

A Florida woman who says she was struck and dragged by a New York City bus and left partially paralyzed has been awarded $72.5 million in her lawsuit against the city’s transit agency. A city jury found in favor of … Source: Claims Journal

Volkswagen AG faces a pair of lawsuits in Germany over claims it was the battery in a Porsche electric vehicle that triggered the 2022 fire onboard a massive cargo ship that eventually sank with thousands of cars on board. One … Source: Claims Journal

A post on a hacker forum popular with cybercriminals has claimed UnitedHealth Group paid $22 million in a bid to recover access to data and systems encrypted by the “Blackcat” ransomware gang, according to two researchers. Neither UnitedHealth nor the … Source: Claims Journal

An insurer group and a reinsurer are calling for reforms to the U.S. legal system armed with a survey they conducted that shows a majority of Americans are unaware of the impact that plaintiff attorney “tactics” like predatory advertising and … Source: Claims Journal

Personal and auto insurance shopping is likely to increase in 2024 due to several market factors, new research shows. The observation in a new TransUnion report comes at a time when shopping for both insurance lines dropped at the end … Source: Claims Journal

The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last month, … Source: Claims Journal

Four ex-Twitter executives, including former Chief Executive Officer Parag Agrawal, sued company owner Elon Musk for allegedly stiffing them on more than $128 million in severance payments after they were ousted from the company. The former top officials said Musk … Source: Claims Journal

Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2024, continuing a trend that has now last more than 6 years. According to The Council of Insurance Agents and Brokers’ Q4 … Source: Claims Journal

North Korea’s hacking groups have broken into at least two South Korean manufacturers of chipmaking equipment, as the country looks to evade sanctions and turn out its own semiconductors for weapons programs, South Korea’s spy agency said on Monday. The … Source: Claims Journal