Industry News
Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number of claims fell, a new report shows. The California Workers’ Compensation Institute reviewed the initial report on fiscal …
Via: Claims Journal
American Express Co. will pay about $230 million to resolve a long-running investigation into some of the firm’s prior sales practices which regulators said misled small-business owners. Amex reached agreements with federal prosecutors and the Federal Reserve to settle the …
Via: Claims Journal
The Eaton Fire in central Los Angeles County poses a potential credit risk to power provider Southern California Edison, which operates electrical lines in the area where the destructive blaze first started, Moody’s Ratings said in a report on Thursday. …
Via: Claims Journal
While the Southern California fires that sparked in high-wind conditions last week inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said in a Thursday briefing that the industry price tag of the Palisades and Eaton …
Via: Claims Journal
Government inspectors documented unsanitary conditions at several Boar’s Head deli meat plants, not just the factory that was shut down last year after a deadly outbreak of listeria poisoning, federal records show. Newly released reports from Boar’s Head plants in …
Via: Claims Journal
Toyota Motor unit Hino Motors has agreed a $1.6 billion settlement with U.S. agencies and will plead guilty over excess diesel engine emissions in more than 105,000 U.S. vehicles, the company and U.S. government said on Wednesday. The Japanese truck …
Via: Claims Journal
The dry, dangerous winds that have kept fire-scarred Los Angeles on edge for days are finally forecast to end — but a lack of rain and another round of winds forecast next week has officials worried. “Things are starting to …
Via: Claims Journal
Southwest Airlines Co. was sued by the U.S. Transportation Department for allegedly violating rules that require airlines to set and meet realistic flight schedules. The carrier was responsible for “unlawful chronic flight delays” that disrupted passengers’ travel plans, the agency …
Via: Claims Journal
Newswise – There’s a reason that electric vehicles in salvage yards are kept by themselves and spaced far apart. Their lithium-ion batteries can hold a lot of energy, and if one catches fire, it’s sometimes hard for firefighters to extinguish …
Via: Claims Journal
U.S. auto safety regulators ended a federal investigation into Cruise robotaxis without taking action, removing an overhang weeks after General Motors Co. decided to shutter the struggling business. The National Highway Traffic Safety Administration had opened a preliminary evaluation in …
Via: Claims Journal