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Glencore Faces $2 Billion Suit as It Alleges Radiant World Fraud
Glencore Plc accused Radiant World and associated companies of sending falsified invoices to lenders — just as a senior executive at the group of traders said they had filed a $2 billion lawsuit against Glencore. The claims mark the explosive … Source: Claims Journal
Read MoreAgility Unveils Humanoid That Can Work Safely Alongside People
Agility Robotics Inc. on Tuesday unveiled a new humanoid that is designed to safely work in close proximity to people, a milestone for an industry that typically separates robots from human workers. The latest humanoid from the Salem, Oregon-based company, … Source: Claims Journal
Read MoreMagnum Says Ben & Jerry’s Chair Fostered Toxic Culture
Ben & Jerry’s former independent chair Anuradha Mittal was “abusive, discriminatory and unprofessional” and fostered a toxic culture before she stepped down from the board earlier this year, according to a legal filing by Magnum Ice Cream Company. In one … Source: Claims Journal
Read MoreSevere Convective Storms: Risk, Field Reality and the Path to Resilience
Severe convective storms have moved from secondary peril to primary loss driver. Hail, tornadoes, and straight-line wind events now generate insured losses that rival, and in some years exceed, those from hurricanes and earthquakes. Aon’s 2026 Climate and Catastrophe Insight … Source: Claims Journal
Read MoreCalifornia Governor Signs Act to Create Smoke Damage Presumption
California Gov. Gavin Newsom on Tuesday signed legislation establishing standards for investigating, testing and restoring smoke-damaged homes. Newsom signed Assembly Bill 1795, the Smoke Damage Recovery Act. The bill, authored by Assemblyman Mike Gipson and sponsored by California Insurance Commissioner … Source: Claims Journal
Read MoreOpenAI Says It’s Working With Anthropic, Google on AI Safety
OpenAI is working on steps to address artificial intelligence safety issues with its top competitors Anthropic PBC and Google DeepMind, escalating industry efforts to respond to a groundswell of concern that the technology poses an economic and security threat. Chris … Source: Claims Journal
Read MoreChemours, DuPont, Corteva Settle North Carolina ‘Forever Chemicals’ Claims for $455M
Chemours, DuPont and Corteva last week reached a $455 million settlement with North Carolina and 11 local entities over PFAS contamination claims tied to Chemours’ Fayetteville Works plant and other historical discharges. Lawsuits accusing major chemical companies of polluting U.S. … Source: Claims Journal
Read MoreChina Targets Mass Deployment of Self-Driving Vehicles By 2030
China’s industry ministry unveiled a roadmap last week to strengthen its smart electric vehicle industry, targeting large-scale deployment of autonomous-driving vehicles by 2030 and greater global influence for its auto sector. Key targets and policy measures include: Vehicles with self-driving … Source: Claims Journal
Read MoreAbbott to Pay $385 Million to End US Claims Over Infant Formula
Abbott Laboratories agreed to pay $385 million to settle U.S. allegations related to poor manufacturing practices at two facilities, including one involving an investigation of a contaminated facility that made powder infant formula. The accord resolves claims that the company … Source: Claims Journal
Read MoreAccenture Settles With Justice Department Over DEI Policies
Accenture Plc, a management and technology consulting company, has agreed to pay $25 million to resolve allegations by the U.S. Justice Department that it took race and sex into consideration when making hiring and promotion decisions. The Justice Department said … Source: Claims Journal
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