Posts by Y@DminG

Spain suffered several power glitches and industry officials sounded repeated warnings about the instability of its power grid in the build up to its catastrophic blackout on Monday. The government has ordered several investigations into the blackout. Industry experts say … Source: Claims Journal

During a Senate committee hearing focusing on insurance and loss mitigation efforts, industry representatives said that all levels of government play a role. “Where government regulation and infrastructure allow private, competitive, insurance, and global reinsurance markets to flourish, consumers are … Source: Claims Journal

Britain’s Marks & Spencer entered a second week unable to take online clothing and home orders on Friday following a major cyberattack, hitting sales of new season ranges as the country basks in record temperatures. Some 700 million pounds ($930 … Source: Claims Journal

Conservative activist Robby Starbuck has filed a defamation lawsuit against Meta alleging that the social media giant’s artificial intelligence chatbot spread false statements about him, including that he participated in the riot at the U.S. Capitol on Jan. 6, 2021. … Source: Claims Journal

The U.S. Department of Justice sued top health insurance companies and brokers alleging they used illegal kickbacks to steer members into certain private Medicare Advantage plans. The complaint names units of CVS Health Corp., Elevance Health Inc. and Humana Inc., … Source: Claims Journal

London department store Harrods said on Thursday hackers had attempted to break into its systems, the third high-profile cyber-attack on a U.K. retailer in two weeks, following incidents at Marks & Spencer and the Co-op Group. British companies, public bodies … Source: Claims Journal

Norfolk Southern began making promises to East Palestine, Ohio, soon after its train derailed and caught fire in February 2023. The railroad said it would “make it right” after five tank cars of vinyl chloride were intentionally burned, sending up … Source: Claims Journal

A Michigan-based economic consulting group said on Thursday that automakers will still face a $2,000 to $12,000 tariff impact per vehicle despite the White House moving to soften trade levies on imported auto parts. Anderson Economic Group said U.S. assembled … Source: Claims Journal

Republicans moved a step closer Thursday to repealing a federal waiver allowing California to ban gasoline-powered cars by 2035, a policy that had drawn opposition from automakers, fuel producers and President Donald Trump himself. The U.S. House voted 246-164 to … Source: Claims Journal

Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due to a record $3.3 billion of gross catastrophe losses. The gross loss was partially offset by $1.1 billion of reinsurance … Source: Claims Journal