U.S. and Canada auto sales could decline by 1.8 million vehicles this year and be stagnant over the next decade if the global trade war escalates, a Detroit-area automotive advisory firm forecasts. If the current tariffs stay in place until … Source: Claims Journal

Viatris said on Monday it would pay up to $335 million over nine years as part of a nationwide settlement to resolve opioid-related claims against the drugmaker. Shares of the Pennsylvania-based company, formed by the merger of Mylan and Pfizer’s … Source: Claims Journal

Chevron was ordered to pay $740 million to restore damages the oil and gas major caused to southeast Louisiana’s coastal wetlands, the Associated Press reported on Friday. The ruling — delivered by a jury — awarded $575 million for land … Source: Claims Journal

Half of homeowners worry their homes will be uninsurable in the future, a new survey shows. The results of a new survey from ValuePenguin represents a sharp rise from a 2024 poll that shows 26% worried their homes will be … Source: Claims Journal

HONK has named Buck Teal executive vice president of sales and partnerships. Teal will lead efforts to grow revenue and expand strategic relationships. Teal has 15 years of experience in enterprise sales at companies including Uber, Yahoo and LifeLock. Los … Source: Claims Journal

A report published this week by a Washington, D.C.-based think tank ranks Louisiana as the worst state for social mobility, and links the state’s lawsuit abuse climate as a factor for why many residents never get ahead. Archbridge Institute published … Source: Claims Journal

Federal Reserve Chair Jerome Powell said the economic impact of new tariffs is likely to be significantly larger than expected, and the central bank must make sure that doesn’t lead to a growing inflation problem. “While uncertainty remains elevated, it … Source: Claims Journal

TikTok faces a mountain of litigation over child safety and privacy, a big risk for potential bidders vying to save the popular video app in the U.S. Collectively, an estimated 1,500 pending lawsuits carry billions of dollars in potential exposure … Source: Claims Journal

British pharmaceutical giant GlaxoSmithKline and rival Pfizer have agreed to end a lawsuit that alleged Pfizer’s respiratory syncytial virus (RSV) vaccine Abrysvo violated GSK’s patent rights in its competing RSV shot Arexvy, according to a Thursday filing in Delaware federal … Source: Claims Journal

Arson is a criminal act, but since the advent of insurance, arson has been used to “extort money from insurance companies.” Arson for profit schemes grew exponentially in the 1970s, according to the House Committee on Governmental Affairs—and as a … Source: Claims Journal