Posts by Y@DminG

Earlier this month, President Trump teased a “big announcement” was coming, touting it as “one of the most important … made in many years about a certain subject.” The “big reveal” came May 12 when he signed executive order “Delivering … Source: Claims Journal

Boeing Co. has reached a tentative agreement with the US Justice Department that would allow the planemaker to avoid criminal prosecution for two fatal crashes of its 737 Max jets more than six years ago. Related: Boeing Whistleblower’s Family Settles … Source: Claims Journal

Global insurer American International Group has reached an out of court settlement of its legal dispute with the excess and surplus insurance firm Dellwood that was started by former AIG executives. In a filing in federal district court in New … Source: Claims Journal

With warmer than normal ocean waters, forecasters are expecting yet another unusually busy hurricane season for the Atlantic. But they don’t think it will be as chaotic as 2024, the third-costliest season on record as it spawned killer storms Beryl, … Source: Claims Journal

The auto claims process has entered a new era—one marked by growing complexity, specialized repairs and rising costs. While inflation plays a role in increased claims severity, it’s only part of the story. Today’s vehicles are fundamentally more complex, and … Source: Claims Journal

Cetus Protocol, a decentralized crypto exchange and key liquidity provider on the Sui blockchain, said it lost roughly $223 million in a security breach. The project confirmed the incident in a post on X, formerly Twitter, stating that its smart … Source: Claims Journal

Nuclear verdicts against corporate defendants reached a record high in 2024, led by cases involving products liability and intellectual property, according to a new report from research firm Marathon Strategies. The number of nuclear verdicts—those that surpass $10 million—rose to … Source: Claims Journal

A recent survey of Pacific Northwest drivers reveals a disconnect between self-perception and well they think other drivers are doing, particularly concerning speeding in residential neighborhoods. Nearly all (87%) of respondents in a poll conducted by PEMCO Mutual Insurance of … Source: Claims Journal

Beastie Boys and Universal Music Group settled lawsuits accusing the parent of Chili’s of using the legendary rap trio’s 1994 song “Sabotage” without permission in social media ads to promote the restaurant chain. Settlement notices were posted on Wednesday in … Source: Claims Journal

European product recalls in the first quarter reached the highest quarterly total in 11 years, reaching 3,925 events across five industries, a new report shows. Sedgwick brand protection’s latest European Product Safety and Recall Index shows the number surpassed 3,500 … Source: Claims Journal