Uncategorized
Berkshire, Cyber Risk and the Strait of Hormuz: Insurability Hinges on Price
During the recent Berkshire Hathaway annual meeting, CEO Greg Abel told shareholders that the conglomerate’s decisions on investments and acquisitions depend on several factors, highlighting price relative to risk as one of them. See related article: Details TBD: Berkshire’s Jain, … Source: Claims Journal
Read MoreNew Mexico Seeks $3.7B, Changes to Meta Platforms in Youth Harm Trial
The U.S. state of New Mexico on Monday asked a judge to declare Meta Platforms a public nuisance, order the company to pay $3.7 billion and overhaul its Facebook, Instagram and WhatsApp platforms to protect young users. “Across the country, … Source: Claims Journal
Read MoreFederal Judge Has ‘Grave Concerns’ About Missouri Roundup Deal
A federal judge overseeing thousands of cancer lawsuits against Bayer AG and its Roundup weedkiller said he had “grave concerns” about whether a proposed $7.25 billion class-action settlement in Missouri could properly address future claims outside the state. At a … Source: Claims Journal
Read MoreUnited Jet Hit Pole, Truck During Newark Landing Approach
A United Airlines Holdings Inc. plane grazed a vehicle and light post on an adjacent highway in its final approach to Newark Liberty International Airport on Sunday, the latest in a string of incidents that have put the spotlight on … Source: Claims Journal
Read MoreCost of Howden-Driven Talent War Rises to $31M for Brown & Brown
Brown & Brown acknowledged that the cost of the Howden-driven talent war has risen to $31 million in annual revenue. “At the end of March, the startup [Howden] has taken customers representing approximately $31 million of annual revenue as compared … Source: Claims Journal
Read MoreCalifornia Taking Action Against State Farm Over LA Wildfire Claims
The California Department of Insurance is taking action against State Farm over an investigation that reportedly shows the carrier has been mishandling insurance claims from the January 2025 Los Angeles wildfires. A CDI filing alleges violations of the Unfair Insurance … Source: Claims Journal
Read MoreTrump Says US to Start Guiding Trapped Ships Through Hormuz
President Donald Trump said the U.S. will begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz starting Monday. “The Ship movement is merely meant to free up people, companies, and Countries that have … Source: Claims Journal
Read MoreFEMA Tells Court It’s Offering Jobs to Employees Let Go in January
An attorney representing the Trump administration informed a U.S. District Court Friday evening that the Federal Emergency Management Agency has begun offering new appointments to disaster workers whose contracts the agency did not renew in January, reversing a controversial decision … Source: Claims Journal
Read MoreSteel Company Must Spend $12M to Address Contamination at Operation
A steel producer must spend $12 million to mitigate hazardous waste violations at its Ohio facility. The Department of Justice announced a proposed settlement with Cleveland-Cliffs Steel Corporation over releases of hazardous waste at its Middletown Works operation. Under a … Source: Claims Journal
Read MoreUK Court Orders Samsung to Pay ZTE $392 Million Lump Sum After Patent Trial
Samsung Electronics must pay a $392 million lump sum for a license to use ZTE’s patents for mobile phones, London’s High Court ruled on Friday in the English leg of the companies’ global licensing dispute. ZTE has brought parallel lawsuits … Source: Claims Journal
Read More