Industry News
Southern California Edison said it had received notices from insurance companies to preserve evidence related to the Eaton Fire that is still burning in Los Angeles, but said no fire agencies have pointed the utility’s connection to the fire. The …
Via: Claims Journal
As 2025 begins with wildfires wreaking devastation across Los Angeles, it’s now clear that insured losses from natural catastrophes last year soared to the highest since 2017. At $140 billion, insured losses globally were more than double the 30-year average …
Via: Claims Journal
The year 2024 will be remembered as a defining moment in the history of weather-related catastrophes. From unprecedented heat waves to catastrophic floods, the world witnessed the devastating effects of extreme weather patterns that left no corner of the globe …
Via: Claims Journal
Kroger has agreed to pay $110 million to resolve a lawsuit by the state of Kentucky alleging the supermarket chain’s pharmacies helped fuel a deadly opioid epidemic by flooding its communities with hundreds of millions of doses of addictive painkillers. …
Via: Claims Journal
Editor’s note: This story has been updated with new AccuWeather total loss estimates. With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of destructive Los Angeles area blazes are sure …
Via: Claims Journal
Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris. Gerald L. Maatman, partner at the firm and co-author of its 650-page report, said …
Via: Claims Journal
Apple clarified on Wednesday that it has never sold the data collected by its Siri voice assistant or used it to create marketing profiles, just days after settling a case in which it faced such accusations. The iPhone maker last …
Via: Claims Journal
Clothes that make people stand out to human drivers may make them invisible to automated crash prevention systems, a new study suggests. The Insurance Institute for Highway Safety studied conspicuous clothes and crashes into pedestrians in a report released on …
Via: Claims Journal
Tesla directors including Chair Robyn Denholm and James Murdoch got court approval on Wednesday for a settlement worth up to $919 million that requires they return compensation to the carmaker to resolve allegations they overpaid themselves. The settlement requires Tesla …
Via: Claims Journal
The Biden administration is racing to put out an executive order meant to shore up U.S. cybersecurity in its dwindling days in office, according to four people familiar with the matter. The executive order, which has cleared some internal hurdles …
Via: Claims Journal