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GSK Plc has settled a US lawsuit on heartburn medicine Zantac just weeks before the case was due to be heard in a court in California. The British drugmaker said it had reached a confidential settlement with David Browne and … Source: Claims Journal

Insurers are prepared for artificial intelligence to move beyond task automation and machine learning to advanced uses in 2024, a new report examining the industry and how it’s using AI shows. The report from Xceedance, a provider of operations support, … Source: Claims Journal

The cyberattack on MGM Resorts in September 2023 provides a vivid example of the effects these types of attacks can have in today’s complex and interconnected IT environments. MGM estimates the incident-related costs at upwards of $100 million, after the … Source: Claims Journal

Sotheby’s was cleared by a New York jury of allegations that it helped a dealer defraud a Russian billionaire, likely ending a nearly decade-old battle over the often murky relationships that surround high-end art deals. Jurors on Tuesday rejected Dmitry … Source: Claims Journal

Shannon Ninio, 60, of North Hills was arraigned for insurance fraud after a California Department of Insurance investigation found she and her husband, Moshe Ninio, allegedly stole customers’ personal information and used that information to file more than 40 fraudulent … Source: Claims Journal

A group of 25 California counties have sued Elon Musk’s Tesla TSLA.O, claiming the electric vehicle maker mishandled hazardous waste at its facilities across the state. The lawsuit from Los Angeles, Alameda, San Joaquin, San Francisco and other counties was … Source: Claims Journal

The company behind a global recall of sleep apnea machines said Monday it will stop selling the devices in the U.S., under a tentative agreement with regulators that could cost the manufacturer nearly $400 million. Device maker Philips has recalled … Source: Claims Journal

Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active ransomware groups grew by 34%. Corvus Insurance recently released its Q4 2023 Ransomware Report, featuring data collected from ransomware leak … Source: Claims Journal

The role drug distributor McKesson Corp. had in the opioid crisis was no accident, meaning the company is not entitled to defense costs related to litigation against it. McKesson Corp. appealed a district court’s ruling that subsidiaries of AIG and … Source: Claims Journal

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg rejected requests from his top leadership in 2021 to expand teams overseeing child safety and well-being, according to documents and emails released by Congress. A proposal to add headcount for well-being efforts … Source: Claims Journal