Industry News
Nearly one-in-seven U.S. homes are uninsured, and 11.3 million out of 82.9 million owner-occupied homes (13.6%) are uninsured, a new study shows. A study from LendingTree that used Federal Emergency Management Agency data and U.S. Census data to calculate uninsured …
Via: Claims Journal
Molotov cocktails at Tesla showrooms. Disturbing messages on Cybertrucks. Vandalism at charging stations. A backlash against Elon Musk is taking the form of physical attacks against Tesla Inc. cars and dealerships as a growing rank of protesters is emboldened. Their …
Via: Claims Journal
Deutsche Bank Securities Inc., Mudrick Capital Management and other noteholders of Ambac Assurance Corp. sued the bond insurer for allegedly making an unauthorized transfer of $65 million to its parent company. The creditors, which also include CQS and Shenkman Capital …
Via: Claims Journal
Parts of Hawaii are sinking faster than others, according to a recent study led by researchers at the University of Hawaii at Mānoa, highlighting the flood risk to infrastructure, businesses and communities in low-lying areas especially in certain urban areas …
Via: Claims Journal
A Virginia Court of Appeals has given a green light to a negligence lawsuit seeking to hold a mother responsible for failing to supervise her teenage son who was learning to drive when he hit and killed a person in …
Via: Claims Journal
Federal regulators have cited Tesla for violating workplace safety rules in connection with the electrocution of a worker last summer at its Austin, Texas, auto-manufacturing plant. The U.S. Department of Labor confirmed the findings in a statement to Reuters. “The …
Via: Claims Journal
Fraudsters target both insurance carriers and vulnerable individuals, preying on survivors of natural disasters—and California’s wildfires will be no exception. These criminals use false promises and fraudulent schemes to exploit emotionally drained victims. In 20 years of leading special investigation …
Via: Claims Journal
Pop singer Mariah Carey defeated a lawsuit claiming she illegally copied elements of her holiday megahit “All I Want for Christmas Is You” from a country song of the same name. U.S. District Judge Monica Almadani in Los Angeles in …
Via: Claims Journal
An auto insurance company was fined $975,000 for allegedly failing to protect the personal information of 45,000 New York residents. The office of New York Attorney General Letitia James on Thursday announced the AG secured $975,000 in penalties from Root, …
Via: Claims Journal
Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the matter. Investors are buying so-called subrogation claims, obtaining …
Via: Claims Journal