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Londoners are facing historic levels of subsidence risk after five successive heat waves dried out the clay soil on which much of the city is built. Insurance claims tied to subsidence — a phenomenon associated with bouts of hot, dry … Source: Claims Journal

JPMorgan Chase & Co. and Morgan Stanley are among banks shareholders are suing over their roles on multibillion-dollar buyout deals after a recent corporate-law overhaul failed to protect financial advisers from potential liability. In cases against financial advisers, shareholders have … Source: Claims Journal

The U.S. Federal Trade Commission reached a settlement resolving its antitrust case against Zillow Group Inc. and Rocket Companies Inc.’s Redfin, the agency said. Redfin will re-enter the market to independently sell online rental listings, an FTC lawyer told a … Source: Claims Journal

Scientists have recorded the highest temperature ever measured in the world’s oceans, as climate change combines with a powerful El Niño in the tropical Pacific. The global average sea-surface temperature hit a record 21.1C (70F) on Aug. 22, according to … Source: Claims Journal

Insurance Journal’s Risky Future series is hosting the “AI Tools for BPO & Consulting” Demo Day, a series of free AI tool demonstrations designed exclusively for Carriers, MGAs, Retail Agencies and Operations Executives. This event spotlights AI solutions that focus … Source: Claims Journal

The U.S. National Highway Traffic Safety Administration said on Friday it has opened a probe into 997,743 General Motors pickup trucks and SUVs over concerns related to engine failure. The vehicles include the Cadillac Escalade, Chevrolet Silverado 1500 and GMC … Source: Claims Journal

Tesla Inc. and at least eight other automakers are recalling millions of cars in China over safety concerns with their door handles, a major step to address flaws that have led to vehicle entrapment and multiple fatalities. More than 4 … Source: Claims Journal

A federal judge on Friday dismissed major portions of a Ben & Jerry’s lawsuit accusing its former parent Unilever of trying to silence the ice cream maker’s social activism, dismantle its board and stop funding its namesake foundation. U.S. District … Source: Claims Journal

Asset manager Apollo Global Management suffered a data breach last month in which hackers stole some personal information, according to a letter on Friday. The New York-based firm was among dozens of prominent U.S. financial institutions and other businesses that … Source: Claims Journal

TikTok Inc. and Chinese parent ByteDance Ltd. agreed to pay $400 million to resolve a a Biden-era lawsuit by the Justice Department accusing the popular social media app of collecting data on children in violation of an online privacy law. … Source: Claims Journal