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Merck to Settle Bulk of Gardasil Suits for About $50 Million
Merck & Co. says it will settle a spate of lawsuits that blame the drugmaker’s blockbuster Gardasil cancer vaccine for causing autoimmune ailments that affect young women’s hearts and reproductive systems for an amount that is “not material” to the … Source: Claims Journal
Read MoreIBM, AT&T Accused by Whistleblower of Covering Up Foreign Hacks
International Business Machines Corp. and AT&T Inc.’s computer systems were repeatedly breached by foreign hackers, and the companies concealed those intrusions from the U.S. government in violation of the law, according to a lawsuit from a former IBM cybersecurity official. … Source: Claims Journal
Read MoreReport Explores Forces Driving Claim Complexity
Insurers and employers face mounting pressure from rising severity, lengthier claim durations and expanding operational demands, a new report shows. Enlyte on Tuesday released its 2026 Envision Trends Report, which reflects growing complexity for the claims space. Related: Study: California … Source: Claims Journal
Read MoreInsurers Acting Like Banks Must Grasp Loan Risk, EIOPA Says
European insurers that want to ride the private credit boom need to grasp the risks they face, according to the region’s top watchdog for the industry. The region has “a multitude” of insurers of varying size, some of which don’t … Source: Claims Journal
Read MoreThe Future of Appraisal and the Rising Standard of Competency
In property/casualty insurance, appraisal has long existed as a mechanism to resolve disagreements over the amount of loss. For decades, it has been viewed as a useful—if occasionally underutilized—tool in the claims process. That perception is changing rapidly. There are … Source: Claims Journal
Read MoreUK New Car Sales Hit Best May Since 2019, Industry Data Shows
Britain’s new car sales rose 7.1% in May, the strongest for the month since 2019, driven by resilient retail demand, especially for electric vehicles, according to industry data released on Thursday. EVs have been gaining ground in Europe as rising … Source: Claims Journal
Read MoreZurich Insurance Expands Data-Center Offering Beyond the US
Zurich Insurance Group Plc is widening its offering for data-center projects to Europe and South America as it seeks to profit from the global buildout of infrastructure linked to artificial intelligence. The Swiss firm will insure risks associated with the … Source: Claims Journal
Read MoreDeadly Screwworm Parasite Found in US Threatens Cattle Herd
The detection of the parasite comes at a dire time for the U.S. beef and cattle industry, with a smaller herd having already sent consumer prices to record highs. Source: Claims Journal
Read MoreTesla Settles Some Worker Racism Claims as Bigger Trial Looms
Tesla Inc. reached an agreement to settle several workers’ claims alleging pervasive anti-Black racism at one of its California plants. Source: Claims Journal
Read MoreBritish Lawmaker Sues Musk’s xAI Over Sexualized Grok Images
British lawmaker Jess Asato is suing Elon Musk’s xAI, saying in a statement on Wednesday the Grok AI platform had been used to create fake sexualized images of her. Grok, distributed through Musk’s social media platform X, is currently subject … Source: Claims Journal
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