Industry News
Renault will jointly develop small, cheaper electric vehicles for Ford for the European market and will also team up to produce commercial vans to cut costs and fend off rising competition from Chinese rivals, the companies said on Tuesday. “We …
Via: Claims Journal
About 5 a.m. on Sept. 29, 2024, an employee at the Bio-Lab chemical warehouse outside Atlanta heard a popping sound, a tell-tale sign that stored chemicals had come in contact with water and were reacting. Within 90 minutes, the huge …
Via: Claims Journal
The Archdiocese of New York announced it is establishing a $300 million fund that it intends to use to pay for a global settlement of most of the 1,300 lawsuits it still faces from victims of clergy sexual abuse. The …
Via: Claims Journal
The owner of a historic Minnesota resort has been charged with arson and insurance fraud more than a year after a fire destroyed the property. Bryce Campbell, 41, of Two Harbors, Minnesota., was taken into custody last Wednesday in Southfield, …
Via: Claims Journal
When Zillow Group Inc. removed climate risk scores from its home listings last month, following a complaint from the real estate industry, many observers took to the press and social media to warn that disappearing the data doesn’t get rid …
Via: Claims Journal
The Trump administration said Saturday it will waive an $11 million fine imposed on Southwest Airlines as part of a $140 million settlement over the carrier’s meltdown in December 2022 during a busy holiday travel period. Southwest in December 2023 …
Via: Claims Journal
The message from the Florida Chamber of Commerce Insurance Summit was loud and clear: Don’t mess with legislative changes that have all but restored the state’s property insurance market. And while you’re at it, don’t repeal Florida’s personal injury protection …
Via: Claims Journal
A Dunkin’ Donuts cashier who was stabbed by an Atlanta-area rapper has only the workers’ compensation remedy, even if the incident seems far outside the scope of work duties, the Georgia Court of Appeals has decided. “In this case, the …
Via: Claims Journal
Howden named Elizabeth Neumann executive vice president and financial lines claims leader for its U.S. operations. She will be based in New York and will join the U.S. financial lines management team led by Ron Borys, who was recently named …
Via: Claims Journal
U.S. President Donald Trump said on Monday he would sign an executive order this week that he said would create a single national rule for artificial intelligence, which the industry has said is necessary to override disparate laws passed by …
Via: Claims Journal