Industry News
A Missouri spouse can collect loss-of-consortium damages separate from her husband’s underinsured-motorist benefits, a federal appeals court ruled. The 8th U.S. Circuit Court of Appeals concluded that an Auto-Owners Mutual Insurance Company auto policy was poorly drafted. Therefore, its ambiguity …
Via: Claims Journal
A homeowner’s insurer was right to deny a grandmother coverage for a claim against her grandson because he did not qualify as a member of her household. The Massachusetts Appeals Court agreed with Arbella Mutual Insurance Co. that the grandson, …
Via: Claims Journal
Most helicopters would be banned from flying near Ronald Reagan Washington National Airport under a U.S. Federal Aviation Administration interim rule released Thursday, a week before the anniversary of a midair collision that killed 67 people. The FAA rule would …
Via: Claims Journal
A powerful winter storm descending on Texas on Friday will be one of the toughest tests of the state’s electric grid since the system collapsed during a deadly 2021 freeze. Ice is predicted for the Dallas area, the Panhandle is …
Via: Claims Journal
Three of the world’s largest dairy companies are recalling and blocking batches of infant milk formula after a contamination scare that began with Nestle widened on Wednesday to French groups Danone and Lactalis. The recalls highlight how a single compromised …
Via: Claims Journal
Severe convective storms have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc.
Via: Claims Journal
Eightfold AI, a venture capital-backed artificial intelligence hiring platform used by Microsoft, PayPal and many other Fortune 500 companies, is being sued in California for allegedly compiling reports used to screen job applicants without their knowledge. The lawsuit filed on …
Via: Claims Journal
Alacrity Solutions is selling Alacrity Network Solutions, its managed repair division, to BV Investment Partners. The company said the transaction is part of its long-term strategy to sharpen its operational focus and its investment in technology-driven capabilities across its core …
Via: Claims Journal
In a victory for thousands of women suing Johnson & Johnson over claims that the company’s baby powder and other talc products caused their ovarian cancer, a court-appointed special master recommended on Tuesday that they be allowed to present testimony …
Via: Claims Journal
Hyundai Motor Co. overtook General Motors Co. as the world's fourth-most valuable automaker as the South Korean firm's robotics push fuels a blistering stock rally.
Via: Claims Journal