Industry News
The National Highway Traffic Safety Administration on Friday said it was streamlining reviews of requests filed by automakers seeking to deploy self-driving vehicles without required human controls like steering wheels, brake pedals or mirrors. NHTSA has authority to grant petitions …
Via: Claims Journal
A company with a manufacturing facility in Ohio was sentenced to pay a $500,000 fine after pleading guilty to willfully violating an Occupational Safety and Health Administration rule. In addition to the fine, the company will serve two years of …
Via: Claims Journal
U.S. homeowners insurance rates rose 40.4% over the past six years, with the biggest increases hitting in the last two years, a new report shows. LendingTree’s 2025 State of Home Insurance Report shows rates from 2019 through 2021 remained stable, …
Via: Claims Journal
Bad faith litigation has long posed both legal and reputational risks for insurers operating in Florida. With the enactment in 2023 of House Bill 837—a sweeping tort-reform measure—there are important changes to how insurers and their claims professionals must approach …
Via: Claims Journal
Ford Motor Co.is struggling with supplies of rare earth magnets, the automaker’s CEO Jim Farley told Bloomberg News in an interview on Friday. China, which controls more than 90% of global rare earth processing capacity, imposed new export licensing rules …
Via: Claims Journal
A federal judge in Chicago on Thursday refused to allow the U.S. Consumer Financial Protection Bureau to vacate a racial discrimination settlement reached last year with a mortgage lender, finding there was no basis for granting an extraordinary request. The …
Via: Claims Journal
College basketball turned heads in March. Now, we're have the final rounds of Verisk's emerging issues bracket that could hold the attention of insurance pros for years to come.
Via: Claims Journal
Google sued Chile-based LATAM Airlines in U.S. federal court on Thursday, seeking a declaration that Brazilian courts cannot force the tech giant to take down a YouTube video in the U.S. that accused a LATAM employee of sexually abusing a …
Via: Claims Journal
President Donald Trump’s plan to begin “phasing out” the federal agency that responds to disasters after the 2025 hurricane season is likely to put more responsibilities on states to provide services following increasingly frequent and expensive climate disasters, experts said. …
Via: Claims Journal
Awareness of the need for greater home safety is on the rise, but many U.S. homeowners are still vulnerable to risks like water damage, wind, hail, and fire, according to a new report from The Hanover Insurance Group. Many homeowners …
Via: Claims Journal