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Britain’s financial regulators should start stress-testing the risks posed by artificial intelligence because their current wait-and-see approach leaves the public and economy in danger of “serious harm,” a group of lawmakers warned. The Bank of England, the Financial Conduct Authority … Source: Claims Journal

What constitutes a fortuitous loss in Arizona? That’s the question the 9th U.S. Circuit Court of Appeals has asked the Arizona Supreme Court to answer to resolve a commercial property damage dispute. The circuit court is seeking clarity from the … Source: Claims Journal

Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, saying he deserves the “wrongful gains” that they received from his early support, according to a court filing on Friday. OpenAI gained between $65.5 billion and $109.4 billion … Source: Claims Journal

Estee Lauder was sued by a self-described “disruptive” startup that accused the cosmetics giant of effectively putting it out of business by stealing technology to boost sales from jet-setting travelers in hotels. In a complaint filed on Friday night in … Source: Claims Journal

Two people can fly the same airline, on the same plane and have completely different experiences. One is cramped and miserable in the wrong seat. The other is fine, because the seat fits. Same destination. Same flight. Totally different ride. … Source: Claims Journal

The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query into about 597,571 vehicles from General Motors over engine failure. The recall affects GM vehicles equipped with a L87 6.2L V8 gas engine that experienced … Source: Claims Journal

Edison International sued Los Angeles County and other public agencies for allegedly failing to ensure timely evacuation alerts that the company says could have saved most of the 19 people who died in a massive wildfire last year. If the … Source: Claims Journal

An integrated healthcare consortium headquartered in Oakland, California, that are affiliates of Kaiser Permanente agreed to pay $556 million to resolve allegations that they violated the False Claims Act by submitting invalid diagnosis codes for their Medicare Advantage Plan enrollees. … Source: Claims Journal

The U.S. Supreme Court agreed to hear Bayer AG’s appeal taking aim at thousands of lawsuits targeting its top-selling Roundup weedkiller for causing cancer. The high court agreed Friday to hear Bayer’s challenge to a $1.25 million Missouri jury verdict … Source: Claims Journal

A year after the Los Angeles wildfires, many survivors face the same problem: Their insurance policies aren’t paying out enough to cover the cost of rebuilding. It’s a tragic predicament. And it will happen again when the next disaster hits. … Source: Claims Journal