Industry News
Homeowners in some of the biggest U.S. metros are paying up to 7% of their monthly home ownership costs for insurance, according to a new study. Roughly $146 of the typical $2,077 monthly housing bill is dedicated to property insurance, …
Via: Claims Journal
A North Carolina judge has ordered $50 million be paid to the family of a Charlotte TV station meteorologist who was killed in a helicopter crash three years ago after finding the companies that owned and operated the aircraft liable …
Via: Claims Journal
American Airlines Group Inc. was sued by the wife of a passenger killed in January when one of its regional jets collided with a military helicopter near Washington, one of the deadliest U.S. air disasters in decades. Lawyers for Rachel …
Via: Claims Journal
Utility Xcel Energy Inc. agreed to pay about $640 million to resolve claims that its power lines contributed to the 2021 ignition of the costliest wildfire in Colorado history. The company said in a filing Tuesday that it reached settlements …
Via: Claims Journal
Edison International expects to begin accepting applications “well before” Thanksgiving to compensate victims of the deadly Eaton Fire that destroyed swaths of the Los Angeles area in January, according to CEO Pedro Pizarro. That puts the utility company’s wildfire recovery …
Via: Claims Journal
Zoox is seeking wider clearance from U.S. regulators to operate self-driving cars that lack traditional driving controls, suggesting that the autonomous-vehicle subsidiary of Amazon.com Inc. is preparing for broader commercial deployment. Zoox requested exemptions from U.S. vehicle safety standards field …
Via: Claims Journal
The U.S. lowered tariffs on auto imports from the European Union to 15% retroactive to Aug. 1, cementing the terms of the framework trade agreement the two sides struck this summer. The Department of Commerce and Office of the U.S. …
Via: Claims Journal
U.S. auto safety regulators opened an investigation into Rivian Automotive Inc. over issues with the seat belts in its electric delivery vans that could introduce additional risk in the event of a crash. The National Highway Traffic Safety Administration said …
Via: Claims Journal
Hong Kong has weathered the worst of Super Typhoon Ragasa, which is moving away from the financial hub and is set to cross China’s southern coast later Wednesday, where it’s expected to dump torrential rain. Ragasa has killed at least …
Via: Claims Journal
A former staff adjuster for a large Florida insurance carrier has been found guilty of defrauding the insurer out of more than $580,000. A federal jury in Orlando last week said James Octavias Tobias Owens, 34, from the Orlando area, …
Via: Claims Journal