Articles by

Afghan Citizen Planned Terrorist Attacks on Election Day

An Afghan citizen has been arrested in Oklahoma City for suspicion of conspiring to commit a terrorist attack during the November U.S. elections on behalf of the terrorist organization the Islamic State of Iraq and al-Sham. Nasir Ahmad Tawhedi, 27, …

Marriott Makes $52M Settlement with 50 State AGs over Data Breach

New York Attorney General Letitia James on Wednesday announced a $52 million multistate settlement with Marriott International Inc. over a year’s long data breach of one of its guest reservation databases. According to a multistate investigation, one of Marriott’s subsidiaries, …

Hurricane Milton Could Cost Insurers $60B, Raise Reinsurance Rates, RBC Says

Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance prices which could boost some insurance companies’ shares, analysts at RBC Capital said. The Category 5 hurricane is due to …

J&J’s Court-Shopping Strategy Pits New Jersey Home Against Texas

Johnson & Johnson’s bold move to skirt a US court in New Jersey and seek a potentially friendlier venue in Texas to settle claims its baby powder gave women cancer faces a key decision as soon as Thursday. A federal …

Expert: Fraudulent Jewelry Claims a Low-Cost, High-Payout Endeavor

Rising valuations and ease of transport and concealment have long made jewelry claims a target for fraudulent activity, but one expert says more criminals are coming to realize it can be a low-cost and high-payout crime. Attorney Melissa Segel works …

Citi Pushes Back on NY’s Online Fraud Suit: We’re Not ‘Bad Guys’

Citigroup Inc. said US banks will be forced into a “dramatic shift” in how electronic payments are processed if New York state wins a lawsuit claiming the company doesn’t do enough to prevent online fraud. Lawyers for the company’s Citibank …

FTX Cleared to Repay Billions in Settlements After Bankruptcy Plan OK

FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading crypto exchange collapsed. U.S. Bankruptcy Judge John Dorsey approved the wind-down …

Verisk’s Insured Loss Estimates From Helene in Line with Other Modelers

Another important modeler has rung in with insured loss estimates from the damages wrought by Hurricane Helene. Verisk estimates industry insured losses in U.S. for Hurricane Helene will range between $6 billion to $11 billion. Verisk’s estimates comes a day …

As Milton Nears, Flood-Proof Fences Will Face a Major Test in Tampa

For the second time in two weeks, Tampa General Hospital is getting ready to keep water at bay. Hurricane Milton is expected to make landfall Wednesday and will test the hospital’s flood barrier. It takes dozens of facilities workers to …

TikTok Sued by 13 States and DC, Accused of Harming Younger Users

TikTok faces new lawsuits filed by 13 U.S. states and the District of Columbia on Tuesday, accusing the popular social media platform of harming and failing to protect young people. The lawsuits filed separately in New York, California, the District …