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In the first outcome of the U.S. Department of Justice’s Civil Rights Fraud Initiative, IMB has agreed to about $17 million to settle charges related to the company’s diversity, equity, and inclusion (DEI) practices. “Racial discrimination is illegal, and government … Source: Claims Journal

A few days before Christmas, Howard Qin was scrutinizing weather forecasts on two laptops at home in Shanghai when he noticed prices of contracts for New York City snowfall creeping higher on the prediction market Kalshi. He checked the Times … Source: Claims Journal

Insurance claims volumes in the United States declined across most lines in 2025, but risks remain elevated as insurers navigate complex and concentrated claims, according to an annual report from Verisk. Claims volumes were lower in 2025 than 2024 across … Source: Claims Journal

Insurance claims volumes in the United States declined across most lines in 2025, but risks remain elevated as insurers navigate complex and concentrated claims, according to an annual report from Verisk. Claims volumes were lower in 2025 than 2024 across … Source: Claims Journal

A hacking group with a history of compromising major global corporations said it had stolen nearly 80 million business records from video game developer Rockstar Games, the maker of Grand Theft Auto. The claim was posted to the website used … Source: Claims Journal

Albertsons Cos. announced a $774 million settlement to resolve all opioid-related claims, making the grocery chain one of the last major retailers to reach such a deal. Due to the settlement, the company recorded a charge of about $600 million … Source: Claims Journal

The top US trade official said restrictions on foreign technology will likely keep Chinese carmakers out of the US for the foreseeable future, throwing cold water on the prospect of those manufacturers establishing a foothold in the domestic auto market. … Source: Claims Journal

First Brands Group’s former chief strategy officer asked a judge to dismiss a civil lawsuit that blames him in part for the auto-parts supplier’s collapse, arguing that founder Patrick James and his brother, Edward, concealed the alleged fraud that brought … Source: Claims Journal

OpenAI said on Friday it had identified a security issue involving a third-party developer tool called Axios and is taking steps to protect the process that certifies its macOS applications are legitimate OpenAI apps. The ChatGPT maker said it found … Source: Claims Journal

Weather forecasters from Colorado State University said on Thursday the 2026 Atlantic hurricane season was expected to fall below historical averages because of an El Nino formation sending winds across the southern U.S. that could rip apart tropical storms. “While … Source: Claims Journal