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A former HSBC Holdings Plc trader is demanding a €1.4 million ($1.5 million) payout from the lender in France, alleging it suddenly turned against him when he warned top bosses about a potential scandal over exorbitant brokerage fees. Yoram Loeb, … Source: Claims Journal

A panel of the 5th Circuit Court of Appeals ruled this week that a Louisiana statute voids the formation of an arbitration clause in a surplus lines insurance contract. In its opinion, the appellate court reasoned that the general principles … Source: Claims Journal

Large SUVs give the impression of a safer ride; however, that isn’t always the case, new crash test results by the Insurance Institute for Highway Safety show. The Jeep Wagoneer is the only model out of three popular large SUVs … Source: Claims Journal

Environmental groups took the first step to sue the owner of an oil refinery near Denver for years of pollution violations, saying that state regulators haven’t done enough to hold the owner accountable. The refinery owned by Suncor Energy sits … Source: Claims Journal

Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief executive officer of Chubb Limited, explained that social attitudes … Source: Claims Journal

Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused their data to boost its own market share and profits. The British Independent Retailers Association (BIRA), an umbrella body grouping … Source: Claims Journal

Practitioners of Brazilian butt lift surgery, repeatedly in the news after infections and at least two patient deaths in south Florida, must now obtain medical malpractice liability insurance, thanks to a bill signed into law last month. House Bill 1561, … Source: Claims Journal

NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, sued its 3,400-member pilots union for defamation over statements about its commitment to safety and training pilots. The lawsuit filed in a state court in Columbus, Ohio, where … Source: Claims Journal

A new report shows a dramatic increase in strikes, riots and civil commotion in the past two decades from 2000 to 2020. There has been a 3000% increase in SRCC events in the 20-year period, according to a report released … Source: Claims Journal

Some of Britain’s most prestigious hospitals are postponing operations after a ransomware cyberattack hit a provider that helps manage blood transfusions. Certain procedures that rely more heavily on pathology services have been delayed, with blood testing being prioritized for the … Source: Claims Journal