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Escalating threats on multiple fronts are creating a ‘polycrisis’ of risk, with increased economic volatility, geopolitical upheaval and the disruptive force of AI driving the corporate threat level to its highest in 12 years, a new report shows. A survey … Source: Claims Journal

A group of London hospitals struggling to contain the fallout from a cyberattack against a critical supplier had known for years about weaknesses that left them vulnerable to hacks, according to documents reviewed by Bloomberg News. The Guy’s and St … Source: Claims Journal

A retired south Florida fire captain has been arrested for insurance fraud, charged with vastly overstating the number of nights he was forced to stay in a resort hotel while his home was under repair. Florida’s chief financial officer said … Source: Claims Journal

The hurricane season continues to look like it will be a highly active one, as a potent and portentous weather pattern continues to take shape, an AccuWeather meteorologist told Claims Journal on Friday. “It certainly looks like it’s going to … Source: Claims Journal

Banana giant Chiquita Brands must pay $38.3 million to 16 family members of people killed during Colombia’s long civil war by a violent right-wing paramilitary group funded by the company, a federal jury in Florida decided. The verdict Monday by … Source: Claims Journal

Snowflake Inc. plans to close its own investigation this week into a hacking campaign that ensnared as many as 165 of its customers. The cloud data and analytics company hasn’t detected any unauthorized access into customer accounts since early last … Source: Claims Journal

Attorneys general in 42 states said they finalized a $700 million settlement with Johnson & Johnson over the marketing of its talcum powder products. The settlement, announced in principle in January, resolves an investigation by the states and Washington D.C. … Source: Claims Journal

Apple on Thursday was hit with a proposed class action accusing the tech giant of paying more than 12,000 female employees in California less than men with comparable jobs. The lawsuit filed in state court in San Francisco by two … Source: Claims Journal

In today’s fast-paced, digital world, the insurance industry is undergoing a rapid transformation, and the way insurance claims are being managed is no exception. The touchless claims experience is proving to be an elusive goal for some, a lofty aspiration … Source: Claims Journal

Thousands of delivery drivers filed legal claims against Amazon, alleging the company’s classification of them as independent contractors instead of employees has led to unpaid wages and other financial losses. Two law firms spearheading the action said about 15,860 Amazon … Source: Claims Journal