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Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change. It’s a major problem for homeowners, insurers and investors, as … Source: Claims Journal

New York Governor Kathy Hochul proposed measures to stabilize the city’s taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance Co. Two of the bills would make it easier to adjust … Source: Claims Journal

The U.S. Equal Employment Opportunity Commission sued two large automakers, accusing General Motors and the United Auto Workers of age discrimination and the Stellantis unit that includes Chrysler of subjecting female employees to sexual harassment. GM and the UAW were … Source: Claims Journal

A federal judge on Tuesday rejected Citigroup’s bid to dismiss a lawsuit by New York Attorney General Letitia James claiming it failed to protect customers from online scammers and refused to reimburse customers who were victimized. U.S. District Judge Paul … Source: Claims Journal

The maker of the popular video game Genshin Impact will pay $20 million to settle claims it violated kids’ privacy and deceived players about the cost of winning sought-after prizes, the U.S. Federal Trade Commission said Friday. Singapore-based Cognosphere mishandled … Source: Claims Journal

The Department of Justice sued Walgreens Boots Alliance Inc. for allegedly dispensing opioids and other controlled substances at pharmacies across the U.S. while ignoring red flags that the prescriptions were likely illegal. The lawsuit claims Walgreens pharmacists filled millions of … Source: Claims Journal

Hewlett Packard Enterprise Co. says it’s investigating a potential cyber incident from a hacking gang that’s also breached other technology giants. The company became aware last week of “claims being made by a group called IntelBroker that it was in … Source: Claims Journal

Dangerous winds and drought will create extreme fire risk across Southern California Tuesday, putting more than 11 million people in the path of conditions that would allow blazes to spread quickly as the region holds out hope for rain. Seasonal … Source: Claims Journal

The Federal Emergency Management Agency said its reinsurance renewal for the National Flood Insurance Program (NFIP) included the transfer of nearly $758 million to the private market through the use of 27 reinsurance companies – up from 18 companies a … Source: Claims Journal

Vanguard Group will pay more than $106 million to settle U.S. Securities and Exchange Commission allegations that it made misleading statements about capital gains distributions and tax consequences to retail investors who held popular target-date retirement funds in taxable accounts. … Source: Claims Journal