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Sanofi SA said it has agreed to settle approximately 4,000 lawsuits accusing the French drugmaker of selling its Zantac heartburn medicine without warning patients that it could cause cancer. The pact, the first major resolution of cases related to the … Source: Claims Journal

The Oregon Division of Financial Regulation reached a settlement agreement in principle with a cryptocurrency asset platform for violating state securities regulations. The group of affiliated companies known as Abra – Plutus Financial Holdings Inc., Plutus Financial Inc., Plutus Lending … Source: Claims Journal

Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and several consumer products, the company … Source: Claims Journal

A Chinese-state intrusion last year of Microsoft Corp. technology that enabled hackers to gather US officials’ emails “should never have occurred,” according to a report released Tuesday from a government cyber review board. The Cyber Safety Review Board, a White … Source: Claims Journal

American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group and three former AIG executives who launched the nationwide E&S lines insurance holding company about a month ago. According to … Source: Claims Journal

The United States and Britain announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and British Technology Secretary Michelle Donelan signed a memorandum of understanding in Washington … Source: Claims Journal

Cal-Maine Foods Inc., the biggest egg producer in the US, has culled roughly 3.6% of its flock after birds at a Texas facility tested positive for avian flu, adding to concerns over a widening outbreak. Nearly 1.6 million laying hens … Source: Claims Journal

Idaho topped the list of states where homes gained the most value over a decade, a study using Zillow data shows. Idaho, with an average 171.03% increase in average value from $159,567 in 2013 to $432,476 in 2023, was followed … Source: Claims Journal

Despite citations from the U.S. Department of Labor’s Occupational Safety and Health Administration for similar hazards at its Shelby, Ohio facility in 2022, ArcelorMittal Tubular Products USA LLC — a subsidiary of one of North America’s largest steel suppliers — … Source: Claims Journal

Georgia lawmakers have approved two bills that could have a significant impact on windstorm and bad-faith claim losses for property insurers. First, the bad-faith reform legislation. Auto insurers have for years fought for changes to Georgia’s auto claims-handling statutes, after … Source: Claims Journal