Cyberattack Hits Software Provider for Car Dealers Across the U.S. June 20, 2024 By Craig Trudell and Lynn Doan CDK Global, a major software provider for auto dealers across the U.S., halted much of its systems for hours Wednesday...
Experts Answer: ‘Is’ is More Than Just a Verb in a Policy June 20, 2024 Claims Journal is launching a new feature in which we solicit questions from our claims and insurance professional readers and...
Survey: Most Homeowners Believe Their Policy Covers Floods June 20, 2024 Most U.S. homeowners don’t know the policy covering their home doesn’t cover flooding, a new survey shows. Respondents in a...
Tropical Storm Alberto to Bring Flooding to Coastal South Texas June 19, 2024 Tropical storm Alberto has caused flooding and more than three feet of storm surge in parts of coastal south Texas...
Lightning Caused $1.2B in Homeowners Claims in 2023, Says Triple-I June 19, 2024 Damage to U.S. homes due to lightning resulted in $1.2 billion in homeowners insurance claims in 2023, up 30% from...
Qualcomm Reaches $75M Settlement Over Sales and Licensing Practices June 19, 2024 By Jonathan Stempel Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by...
UK Hospital Hackers Say They’ve Demanded $50 Million in Ransom June 19, 2024 By Ryan Gallagher A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that...
Hackers Demand as Much as $5 Million From Snowflake Clients June 19, 2024 By Charles Gorrivan, Margi Murphy and Brody Ford Cybercriminals are demanding payments of between $300,000 and $5 million apiece from as many as 10 companies breached in a...
Meta Must Face Australian Billionaire Forrest’s U.S. Lawsuit Over Scam Facebook Crypto Ads June 19, 2024 By Jonathan Stempel A U.S. judge rejected Meta Platforms’ bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam...
California to Change Labor Law That Cost Businesses $10 Billion June 19, 2024 By Eliyahu Kamisher and Josh Eidelson California’s largest business and labor groups agreed to change a landmark law that has helped workers sue companies such as...