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Lightning Caused $1.2B in Homeowners Claims in 2023, Says Triple-I

Damage to U.S. homes due to lightning resulted in $1.2 billion in homeowners insurance claims in 2023, up 30% from 2022.. The number of lightning-caused U.S. homeowners insurance claims increased by 13.8% over 2022, with numbers from the top 19 …

Qualcomm Reaches $75M Settlement Over Sales and Licensing Practices

Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices. A preliminary all-cash settlement was filed on Tuesday with the federal court in …

UK Hospital Hackers Say They’ve Demanded $50 Million in Ransom

A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that has paralyzed services at London hospitals for weeks, according to a representative for the group. Qilin, as the group is …

Hackers Demand as Much as $5 Million From Snowflake Clients

Cybercriminals are demanding payments of between $300,000 and $5 million apiece from as many as 10 companies breached in a campaign that targeted Snowflake Inc. customers, according to a security firm helping with the investigation. The hacking scheme has entered …

Meta Must Face Australian Billionaire Forrest’s U.S. Lawsuit Over Scam Facebook Crypto Ads

A U.S. judge rejected Meta Platforms’ bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that show him promoting fake cryptocurrency and other fraudulent investments. In a decision on Monday, U.S. District Judge …

California to Change Labor Law That Cost Businesses $10 Billion

California’s largest business and labor groups agreed to change a landmark law that has helped workers sue companies such as Walmart Inc., Uber Technologies Inc. and Google for workplace violations. The deal caps years of efforts by the state’s employers …

Dollar Tree Sold Lead-Tainted Applesauce After Recall

Dollar Tree Inc. continued to sell children’s applesauce tainted with “extremely high” levels of lead long after the company recalled the product due to contamination concerns, US regulators said. The discount store kept pouches of tainted cinnamon applesauce on store …

Texas, Mexico Prepare for Possible Tropical Storm: Weather Watch

Parts of the Texas coast and northeastern Mexico are bracing for tropical storm conditions on Wednesday, as a potential system churns its way through the Bay of Campeche, the US National Hurricane Center said. With winds of 40 miles per …

J&J Talc Users Want Cancer Checks Even if it Cost Billions

Johnson & Johnson should be on the hook for potentially billions of dollars in medical fees for women who used its talc-based baby powders and want to monitor their future health over cancer fears, according to a lawsuit. Lawyers representing …

Bernie Tobin Appointed as Sales Vice President – East at ATI

Anaheim, CA – June 18, 2024 – ATI Restoration (ATI), one of the largest disaster recovery and remediation service providers in the U.S., announced the appointment of Bernie Tobin as Sales Vice President – East. In this role, Bernie will …