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Meta Agrees to Pay Up to $16.7 Billion in Social Media Case
Meta Platforms Inc. has agreed to pay up to $16.7 billion to settle a landmark social media case with multiple U.S. states, according to a court filing Wednesday. The deal requires the company to put new guardrails on its platforms … Source: Claims Journal
Read MoreNuclear Verdicts Go Boom, Increase 40.7% in 2025
So-called “nuclear” verdicts did not subside in 2025. In fact, it was quite the opposite. According to a new report from strategic communications and research firm Marathon Strategies, there were nearly 200 verdicts resulting in an award of at least … Source: Claims Journal
Read MoreCanada Slaps Retaliatory Tariffs on US Goods Worth $20B as Trade War Intensifies
Canada hit back on Tuesday with retaliatory tariffs on about $20 billion worth of U.S. annual imports and rolled out aid for businesses and workers, matching Washington’s latest duties dollar-for-dollar. The counter-tariffs on U.S. goods take effect on September 8 … Source: Claims Journal
Read MoreAI Firms Debate Putting Cyber Tests Online After Model Hacks
Artificial intelligence labs and cybersecurity firms are reconsidering the way they test advanced AI models after models from at least three firms jumped onto the open internet and breached real-world victims. Cybersecurity specialists are debating whether they should connect the … Source: Claims Journal
Read MorePepsiCo Scraps Coverage of Weight-Loss Drugs for Employees
Some PepsiCo Inc. employees were notified this week that weight-loss drugs will no longer be covered by their company health insurance as of October due to skyrocketing costs. “Prescription weight-loss medications have become one of the fastest-growing costs in the … Source: Claims Journal
Read MoreLawsuit Alleges TWIA Fraudulently Reduced Claim Estimates From Hurricane Beryl
Three Texas homeowners filed a federal racketeering lawsuit last week alleging that the Texas Windstorm Insurance Association fraudulently reduced claim estimates for properties damaged by Hurricane Beryl. The lawsuit, filed in the U.S. District Court, Southern District of Texas, alleges … Source: Claims Journal
Read MoreCalifornia Lawmakers to Oppose Limits on Insurance Fire Claims
California lawmakers are lining up against Gov. Gavin Newsom’s push to rewrite how the state assigns financial responsibility for wildfires sparked by equipment owned by publicly traded utilities. A plan backed by Democrats in the state Senate wouldn’t limit insurers … Source: Claims Journal
Read MoreFirst Brands Bankruptcy-Payout Plan Rejected by Federal Judge
A federal judge rejected the bankruptcy-payout plan of defunct auto-parts maker First Brands, concluding the proposal to raise money by suing a long list of insiders and business partners was not realistic. U.S. Bankruptcy Judge Christopher Lopez sided with a … Source: Claims Journal
Read MoreChronic Traumatic Brain Damage Widespread in Former NFL Athletes
Almost every former National Football League player who died between 2016 and 2021 and allowed their brains to be evaluated were found to have chronic traumatic encephalopathy, stark evidence of the toll repeated head impacts can take on athletes. Researchers … Source: Claims Journal
Read MoreJudge Approves $117.5 Million Settlement in ‘Complex’ Comcast Data Breach Case
A federal judge has approved a $117.5 million data breach settlement against Comcast Cable Communications. The agreement represents one of the largest data breach settlement amounts and, with 31.7 million potential members, one of the largest classes in a data … Source: Claims Journal
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