Posts by Y@DminG

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

Canada is delaying a plan to force automakers to hit minimum sales levels for electric vehicles by 2026, a concession to manufacturers in a sector that has been upended by tariffs. Prime Minister Mark Carney’s government will make the announcement … Source: Claims Journal

About 450 people at Hyundai Motor Co.’s $7.6 billion Georgia facility were detained following an investigation into employment practices, causing a halt in construction of a nearby factory that will make batteries for electric vehicles. The apprehension of the workers, … Source: Claims Journal

Units of Citigroup Inc. and UBS AG were among several firms that agreed to pay a total of $8.3 million to settle U.S. Commodity Futures Trading Commission claims over compliance-related violations including recordkeeping and reporting lapses, the derivatives regulator said. … Source: Claims Journal