Industry News
TowerBrook is acquiring a majority stake in MSA Mizar, an insurance claims management services provider.
Via: Claims Journal
Ford Motor is recalling 119,075 vehicles in the U.S. as the engine block heater may crack and leak coolant, potentially causing a short circuit and increasing the risk of a fire when the heater is plugged in, the National Highway …
Via: Claims Journal
Digital insurance company Lemonade is now offering autonomous vehicle coverage . Lemonade Autonomous Car insurance, which is starting with Tesla Full Self-Driving cars, is offering cuts per-mile rates for FSD-engaged driving by roughly 50%, reduced risk during autonomous operation, the …
Via: Claims Journal
Two people can fly the same airline, on the same plane and have completely different experiences. One is cramped and miserable in the wrong seat. The other is fine, because the seat fits. Same destination. Same flight. Totally different ride. …
Via: Claims Journal
Estee Lauder was sued by a self-described “disruptive” startup that accused the cosmetics giant of effectively putting it out of business by stealing technology to boost sales from jet-setting travelers in hotels. In a complaint filed on Friday night in …
Via: Claims Journal
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, saying he deserves the “wrongful gains” that they received from his early support, according to a court filing on Friday. OpenAI gained between $65.5 billion and $109.4 billion …
Via: Claims Journal
What constitutes a fortuitous loss in Arizona? That’s the question the 9th U.S. Circuit Court of Appeals has asked the Arizona Supreme Court to answer to resolve a commercial property damage dispute. The circuit court is seeking clarity from the …
Via: Claims Journal
Britain’s financial regulators should start stress-testing the risks posed by artificial intelligence because their current wait-and-see approach leaves the public and economy in danger of “serious harm,” a group of lawmakers warned. The Bank of England, the Financial Conduct Authority …
Via: Claims Journal
The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query into about 597,571 vehicles from General Motors over engine failure. The recall affects GM vehicles equipped with a L87 6.2L V8 gas engine that experienced …
Via: Claims Journal
Edison International sued Los Angeles County and other public agencies for allegedly failing to ensure timely evacuation alerts that the company says could have saved most of the 19 people who died in a massive wildfire last year. If the …
Via: Claims Journal