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Businessman, Former Federal Insurance Co. Attorney Hit With $50M Verdict
In a lawsuit begun more than a decade ago and which led to counter-suits, appeals to the Florida Supreme Court and attention from national tort-reform groups, a Palm Beach County jury has awarded more than $50 million to the former … Source: Claims Journal
Read MoreWarner Music Settles Lawsuit With AI Music Startup Suno
Warner Music Group Corp. and Suno, a generative-artificial intelligence music startup, settled their copyright lawsuit and agreed on a new partnership for creating music. Warner and the other major record labels sued Suno and its competitor Udio last year, accusing … Source: Claims Journal
Read More‘Agent of the Year’ Sentenced After Misusing Premium Payments
A central Georgia insurance agency owner and former Alfa insurance agent of the year must serve more than two years in prison after pleading guilty to bank fraud and misusing more than $220,000 in premiums. Jeremy Lasseter, who owned a … Source: Claims Journal
Read MoreBarrick to Pay Mali $430 Million to Settle Gold Mine Dispute
Barrick Mining Corp. has agreed to a 244 billion CFA francs ($430 million) settlement with Mali, as part of a deal to end a two-year dispute that shuttered one of the company’s most important gold operations, according to people familiar … Source: Claims Journal
Read MoreThanksgiving No. 1 Day of the Year for Cooking Fires in U.S.
Thanksgiving is the No. 1 day of the year for home cooking fires in the U.S., and leaving food unattended is the leading cause of those incidents, the Red Cross reported. According to the National Fire Protection Association, cooking accounts … Source: Claims Journal
Read MoreMost Consumers Aware and Worried How Litigation Increases Insurance Cost
Most insurance consumers (64.3%) are worried that lawsuits increase their premiums, and an even larger majority of consumers think the legal system is being used in ways that drive up insurance costs, according to a new survey from the Independent … Source: Claims Journal
Read MoreMassive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes
Utilities across the U.S. and Europe are contracting with AI startups to map wildfire risk along thousands of miles of power lines. Source: Claims Journal
Read MoreBinance Sued by Hamas Victims Under Anti-Terrorism Law
Binance Holdings Ltd. faces a lawsuit claiming the cryptocurrency platform “knowingly facilitated” crypto transactions by Hamas before the group attacked Israel on Oct. 7, 2023, killing 1,200 people and taking 250 hostages. More than 300 victims and family members of … Source: Claims Journal
Read MoreFirstEnergy Ordered to Pay More Than $250M for Bribery Scheme
Ohio utility regulators ordered Akron-based FirstEnergy to pay more than $250 million in fines and refunds as a result of its misconduct in a sweeping Statehouse bribery scandal whose fallout continues five years on. The punishment meted out by the … Source: Claims Journal
Read MoreMusk’s X Ending $90M Lawsuit Against Law Firm Wachtell
Elon Musk’s social media platform X has ended its lawsuit against elite law firm Wachtell, Lipton, Rosen & Katz that sought to recover most of a $90 million fee the firm received for defeating Musk’s bid to walk away from … Source: Claims Journal
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