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UnitedHealth Investor Suit Alleges Security, Governance Lapses

UnitedHealth Group Inc. board members ignored a raft of governance and oversight risks for years before catastrophic failures triggered billions in losses for investors, a shareholder lawsuit alleges. An amended complaint filed Aug. 7 in a Minnesota federal court reveals … Source: Claims Journal

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USDA Says Argentine Beef That Missed Inspection Is Recalled

Nearly 30,000 pounds of Argentine beef that wasn’t fully inspected before being distributed in Texas and Florida are being recalled, the US Department of Agriculture said. The USDA’s Food Safety and Inspection Service announced that Florida-based Corte Argentino LLC was … Source: Claims Journal

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AI Data Center Boom Is ‘Maxing Out’ P/C Insurers, AIG CEO Says

American International Group Inc. CEO Eric Andersen said that while the artificial intelligence buildout presents a “great opportunity” for the insurance industry, it’s also pushing property and casualty providers to their limits. AI data centers “need everything from project finance … Source: Claims Journal

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A Defensible Framework for Post-Wildfire Smoke Damage Claims

In today’s wildland–urban interface (WUI) losses, the question is often more complex than simply “burned versus not burned.” An increasing number of claims involve non-thermal impacts, including smoke infiltration and the deposition of combustion byproducts in structures that remain standing. … Source: Claims Journal

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FlightAware Sues Kalshi Over Flight-Cancellation Markets

Flight-tracking service FlightAware is suing prediction markets giant Kalshi accusing the company of using its data and name to run “gambling markets on flight cancellations” without permission. In July, Kalshi announced markets allowing customers to bet on flight-cancellation risk. The … Source: Claims Journal

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