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Anti-Bias Agency Says Nike Complied With Subpoena, Drops Lawsuit
The U.S. agency that enforces laws banning workplace discrimination has dropped a lawsuit seeking to enforce a subpoena in an investigation of Nike’s NKE.N treatment of white employees, saying the company has handed over a trove of information. U.S. District … Source: Claims Journal
Read MoreHomeowners Insurance Market Reaches ‘Fragmented Phase,’ Says S&P GMI
New research from S&P Global Market Intelligence looks to suggest that homeowners insurers are reaching rate adequacy, but certain marketplace factors are creating what it called a “fragmented phase.” Nationally, the U.S. effective approved homeowners rate change declined from about … Source: Claims Journal
Read MoreTesla Recalling 20,000 US Vehicles Over Excessively Bright Low-Beam Headlights
Tesla is recalling 20,349 vehicles in the U.S. over low-beam headlights that may be excessively bright, potentially reducing visibility for oncoming drivers and raising crash risk, the U.S. National Highway Traffic Safety Administration said on Tuesday. Related: Tesla Faces US … Source: Claims Journal
Read MoreCrypto Firm Trezor Says Data Breach Exposed Thousands of Clients
Trezor, a maker of hardware devices used to store cryptocurrencies, said personal information belonging to thousands of customers was exposed in a data breach affecting one of its shipping providers, the latest security incident to hit the digital-asset industry. The … Source: Claims Journal
Read MoreHawaii Faces More Tropical Threats From El Niño-Charged Pacific
A powerful patch of thunderstorms and wind is expected to strengthen into Tropical Storm Lala by Thursday before taking aim Hawaii this weekend. The weather system was 935 miles (1,500 kilometers) east-southeast of Hilo, Hawaii, with top winds of 35 … Source: Claims Journal
Read MoreUnitedHealth 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
Read MoreUSDA 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
Read MoreCourt Rules Lawsuit Not Allowed for Heat-Stricken Worker Despite Previous Death
One farm worker died from heat exposure in 2020, resulting in a fine and citation from the U.S. Occupational Safety and Health Administration. Two years later, the employer failed to follow its remedial safety guidelines for heat exposure, failed to … Source: Claims Journal
Read MoreTornado Alley Eastward Shift Adding Risk Concerns, Modeler Says
The peak of tornado season may be behind us, but the eastward expansion of what has been traditionally known as tornado alley into more populated areas may continue raising awareness of the growing insurance risk long for some time. Record … Source: Claims Journal
Read MoreAI 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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