Monthly Archives: <span>November 2024</span>

AAA: Thanksgiving Travel Expected to Exceed Pre-Pandemic Levels

A projected 79.9 million U.S. travelers will head 50 miles or more from home over the Thanksgiving holiday travel period, an increase of 1.7 million compared to last year and 2 million more than in 2019, according to the American …

Gunmaker Sig Sauer Must Pay $11 Million Over Pistol That Fired Accidentally

Gunmaker Sig Sauer Inc. was ordered by a Pennsylvania jury to pay $11 million to a customer who alleged defects in one of the company’s pistols led it to go off without him pulling the trigger. Jurors in state court …

Meta Must Face Investor Suit After Supreme Court Drops Case

The U.S. Supreme Court dismissed an appeal by Meta Platforms Inc., leaving it to face a multibillion-dollar lawsuit that accuses the company of misleading shareholders about the data-harvesting scandal involving political consulting firm Cambridge Analytica. Investors claim the company, then …

ATI Names Escover Its General Counsel

ATI Restoration named Norm Escover general counsel. Escover has more than 30 years of legal and operational experience across the construction, energy and industrial sectors. Before joining ATI, he served in multiple executive roles at NAES Corp. His career also …

Class Action Lawsuit on AI-Related Discrimination Reaches Final Settlement

Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her tenancy. That third-party service included an …

Florida Citizens’ Brass Tired of ‘Clickbait’ News on its Hurricane Claims Denials

Officials with Florida’s Citizens Property Insurance Corp. took issue Thursday with a number of national and Florida news reports that have suggested that the insurer has the “worst rate” on paying claims after recent hurricanes. “That’s just not accurate,” Citizens …

Arctic Weather Disrupts Power and Transport Across Europe

Snow and ice are disrupting transport and straining power grids, after the first major storms of the winter season hit northern Europe. Northern France is under a orange weather warning, after Storm Caetano left as much as 20 centimeters (8 …

Changing the Focus of Claims, Data When Talking About Nuclear Verdicts

The topic of nuclear verdicts took center stage at this year’s Target Markets Annual Summit in Scottsdale, Arizona, where a panel of carriers and reinsurers discussed rising settlement costs amidst an uncertain litigation environment. Panelists representing Lloyd’s, Markel, MunichRe and …

Alert: Cargo Theft Risks Spike During Thanksgiving Holiday

Cargo theft tends to pick up over the Thanksgiving period, an analysis warns. According to a supply chain analysis by CargoNet, 174 significant theft events typically take place during a six-day window from the Tuesday before Thanksgiving through the following …

McKinsey in Talks to Pay More Than $600M to Resolve Probe, Sources Say

McKinsey & Co. is in the final stages of negotiating a deferred prosecution agreement to resolve a U.S. criminal investigation into the consulting firm’s work helping opioid manufacturers boost sales that allegedly contributed to a deadly addiction epidemic, people familiar …