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Cyclosporiasis Cases in Michigan Climb Top 11,500 on Ongoing Outbreak
Michigan health officials on Tuesday reported 11,508 cases linked to a cyclosporiasis outbreak, up by more than 200 from the previous day’s update. The state also reported the first two deaths associated with the outbreak, noting that both individuals had … Source: Claims Journal
Read MoreNew Jersey Sues Amazon Alleging Poor Pay And Conditions for Drivers
New Jersey sued Amazon.com on Tuesday, accusing the online retailer of abusing its market power over independent delivery drivers in the state. Amazon used its dominance to impose low pay and poor conditions on thousands of New Jersey workers who … Source: Claims Journal
Read MoreGoldman Sachs Creates $1 Billion Reinsurance Pool With Talcott
Goldman Sachs Group Inc. is setting up a reinsurance vehicle with Talcott Financial Group that has so far raised $1 billion. The Bermuda-based sidecar, West Grove Re, will share premiums and losses for a portion of Talcott’s US-based annuities, the … Source: Claims Journal
Read MoreNHTSA: Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks
The National Highway Traffic Safety Administration said on Monday that some older Ford cars and SUVs pose unreasonable safety risks because the timing belt may fail and cause them to lose power or engines to seize. The U.S. auto safety … Source: Claims Journal
Read MoreApple Seeks Preliminary Injunction Against OpenAI in Trade Secrets Case
Apple on Monday asked a U.S. judge for a preliminary injunction barring two former employees and OpenAI from accessing, acquiring, using or disclosing alleged confidential information as it moves ahead with its trade secrets case. Apple last month sued OpenAI … Source: Claims Journal
Read MoreTikTok Finalizing Trio of Settlements in Addiction Litigation
TikTok is finalizing agreements to settle three upcoming trials related to allegations that its video product is addictive and harmful to minors. Plaintiffs’ attorneys Joseph VanZandt of Beasley Allen and Emily Jeffcott of Morgan & Morgan confirmed TikTok had resolved … Source: Claims Journal
Read MoreWildfires Fan Record Sales of Catastrophe Bonds to Backstop Risk
Insurers are turning to catastrophe bonds to pass on historic levels of wildfire risk to the capital markets. Issuance of cat bonds that include exposure to wildfires has already soared to more than $5 billion so far this year, according … Source: Claims Journal
Read MoreFarmers Files to Expand Coverage And Raise Rates for California Small Businesses
Farmers Insurance filed an upgraded business insurance rating plan to expand commercial insurance coverage for business owners across the state and a rate hike of 15%. The plan, which incorporates elements from the Sustainable Insurance Strategy, includes coverage in in … Source: Claims Journal
Read MorePrediction Market Bets on Wildfires Draw Scrutiny From Senators
A group of Democratic senators urged the Commodity Futures Trading Commission to rein in prediction market trading on wildfires, expressing concern that individuals could be tempted to commit arson to make their bets pay off. “As the United States faces … Source: Claims Journal
Read MoreAmgen Reports Theft of Patient Data in Cyber Incident
Amgen Inc. experienced a cyber incident that involved the theft of patient information and proprietary data stored in cloud servers, it said in a filing Friday, the latest large healthcare company to suffer a data breach. The drugmaker is still … Source: Claims Journal
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