Industry News
California utilities cut power to more than 62,000 customers across the state in an attempt to stop wildfires from starting as dry winds sweep the region. PG&E Corp. cut off power to around 60,000 customers scattered across seven counties and …
Via: Claims Journal
Amazon is gearing up to make as many as 10,000 robotaxis annually at a sprawling plant near Silicon Valley as it prepares to challenge self-driving cab leader Waymo. Tesla CEO Elon Musk is also vying to join the autonomous race. …
Via: Claims Journal
Two executives were sentenced to federal prison for conspiring to defraud the United States and for failing to report information about defective dehumidifiers linked to multiple fires. According to the U.S. Department of Justice, this was the first criminal enforcement …
Via: Claims Journal
Federal prosecutors have charged seven California men in connection with a $100 million robbery of a Brink’s truck, calling it the largest jewelry heist in US history. The theft occurred in July 2022, when gold, diamonds, rubies, emeralds and luxury …
Via: Claims Journal
The Restoration Industry Association named Jeff Moore as the group’s new president. Moore, who is president and chief acquisitions officer of ATI Restoration, will serve as RIA president for a term running from 2025 to 2027. As the group’s president, …
Via: Claims Journal
Honda Motor-backed Helm.ai on Thursday unveiled its camera-based system to interpret urban environments, dubbed Helm.ai Vision, and said it was in talks with other automakers to deploy its self-driving technology in mass-market vehicles. Helm.ai is working with the Japanese automaker …
Via: Claims Journal
Rio Tinto, agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia. A …
Via: Claims Journal
The first three months of 2025 brought devastating wildfires to California, significant wind and hail events to Texas, and substantial increases in activity to “Tornado Alley,” but claim volume fell to a five-year low, a quarterly property report from Verisk …
Via: Claims Journal
California utilities are mulling power shutdowns as breezy dry conditions across the state raise the risk of wildfires. Pacific Gas & Electric Corp. may turn off power to at least 11,543 customers in 15 counties, according to its website. Southern …
Via: Claims Journal
The U.S. Senate tax committee proposed a full phase-out of solar and wind energy tax credits by 2028 but extended the incentive to 2036 for hydropower, nuclear and geothermal energy, which are favored by President Donald Trump’s administration, according to …
Via: Claims Journal