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Peeling Back the Value: Why Art Is Worth More Than Meets the Eye

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Not since “Banksy’s Girl with Balloon” unexpectedly self-destructed on the Sotheby’s auction floor has a work of art made such a sensation as the “duct-taped banana.” When Italian-born, New York-based artist Maurizio Cattelan debuted “Comedian” at Gallery Perrotin’s booth at … Source: Claims Journal

News Corp Sued by Brave Software, A Google Search Engine Rival

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News Corp. has been sued by Google search engine rival Brave Software, which seeks to forestall a lawsuit by Rupert Murdoch’s company for when readers are directed to copyrighted articles from the Wall Street Journal and New York Post. In … Source: Claims Journal

Next Round of Inspections in LA Fire Expected Next Week, Edison CEO Says

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Southern California Edison will begin its first close-up physical inspections of certain power equipment under investigation for possible links to the start of the Eaton Fire in Los Angeles early this year, Edison International CEO Pedro Pizarro told Reuters at … Source: Claims Journal

State Farm, Consumer Group Battle Ahead of Insurance Commissioner Decision

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Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives and representatives of a consumer group pled their opposing cases in letters to Commissioner Ricardo Lara. News outlets in California … Source: Claims Journal

Verisk: Claims Volume Rose 36% in 2024, Largely on Catastrophe Claims

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Property claims volume rose 36% in 2024, driven by a massive rise in catastrophe claims thanks in part to a severe Atlantic hurricane season, a new report shows. Verisk issued its Q4 Property Report on Thursday, which shows the rise … Source: Claims Journal

North Sea Ship Collision Could Cost Insurers up to $100M, Hitting Marine Line Profits

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The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and $100 … Source: Claims Journal

Canadian Auto Parts Stocks Thrown Into a Tailspin by Tariff Woes

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Canada’s biggest auto parts names are buckling under the weight of U.S. President Donald Trump’s tariff threats as the chances the North American car manufacturing industry will stall grow. That’s sending stock prices hurtling back down toward levels last seen … Source: Claims Journal

Trump Mounts Sweeping Attack on Pollution and Climate Rules

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The Trump administration is launching a sweeping overhaul of U.S. environmental mandates in a campaign it billed as the “biggest deregulatory action” of its kind in U.S. history. The Environmental Protection Agency said Wednesday it will formally reconsider more than … Source: Claims Journal

Australia Regulator Sues FIIG Securities for Cybersecurity Failures

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The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network. The Australian Securities and … Source: Claims Journal

Delaware Aims to Remain Top Corporate Legal Home; Texas Marshals A Challenge

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A year after Elon Musk urged U.S. companies to abandon Delaware as their legal home and follow Tesla to Texas, legislators in the two states on Wednesday considered bills in an unusual battle over corporate law that critics say benefits … Source: Claims Journal