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North Carolina’s Governor Approves More Than $600M in Helene Recovery Funding

North Carolina Gov. Roy Cooper approved more than $600 million worth of disaster relief funding Friday for western North Carolina counties affected by Hurricane Helene after legislators passed the recovery bill the day before. The bill is the second legislative …

McDonald’s Sued by Consumers in Proposed Class Action Over E.coli Outbreak

McDonald’s was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions in the fast-food chain’s Quarter Pounders. Amanda McCray of Chicago and William Michael Kraft of Davie, Florida, said they experienced …

Brazil Institute Sues Social Media Giants for $525M Over Excessive Use by Minors

Brazil’s Collective Defense Institute has filed two lawsuits demanding 3 billion reais ($525.27 million) from the Brazilian units of TikTok, Kwai and Meta Platforms for allegedly failing to create mechanisms to prevent indiscriminate use of these social media platforms by …

Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon

The third quarter of 2024 saw a number of significant disaster events, which drove year-to date economic losses above at least $258 billion and insured losses of $102 billion, according to Aon plc in its Q3 Global Catastrophe Recap – …

Adidas and Ye Settle All Claims Two Years After Stormy Split

Adidas AG reached an out-of-court settlement with rapper Ye that concludes all claims connected to the sportswear maker’s decision to end their partnership two years ago. “Both parties said we don’t need to fight anymore and withdrew all the claims,” …

Washington Claim Analysis Finds Most Homes in 2023 Wildfire Were Under-Insured

An analysis of the claims paid out after the Gray and Oregon Road fires in Washington last year found that most of the homes destroyed were under-insured. The fires destroyed 366 homes, burning more than 20,000 acres outside of Spokane …

Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton

Liberty Mutual Insurance said it expects up to $900 million in losses from hurricanes Helene and Milton. Parent Liberty Mutual Holding Company (LMHC) in a statement released some preliminary third quarter information “in support of a potential capital markets transaction.” …

Subway Sandwiches Are Short on Meat, Lawsuit Claims

A new lawsuit accuses Subway of “grossly misleading” customers by advertising sandwiches that contain at least three times as much meat as it delivers. According to a proposed class action filed on Monday in federal court in Brooklyn, Subway ads …

Apple Wins Just $250 Verdict in Patent Case Over Masimo Smartwatches

Apple convinced a federal jury on Friday that early versions of health monitoring tech company Masimo’s smartwatches infringe two of its design patents as part of a broader intellectual property dispute between the companies. The jury, in Delaware, agreed with …

J&J’s $8.2 Billion Talc Settlement Faces January Court Test

The fate of Johnson & Johnson’s latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January. After months of wrangling, a federal judge in …