Industry News
The California Assembly adjourned without passing a revamp of the state’s wildfire response, sending up shares in two key power utilities, PG&E Corp. and Edison International. The deal fell apart Tuesday as lawmakers prepared to leave the state capitol. Major …
Via: Claims Journal
The insurance industry should be prepared to withstand $171 billion in insured catastrophe losses, on average in a given year, up $19 billion from a year ago, according to Verisk. In its highest estimate reported to date, the data analytics …
Via: Claims Journal
German investment firm Deutsche Finance said it’s suing Bayerische Versorgungskammer in a U.S. court, alleging the pension group unduly interfered in the management of several real estate investments and then blamed it for the resulting losses. Deutsche Finance Holding and …
Via: Claims Journal
Thailand plans to provide government-funded disaster insurance to about 30 million households in high-risk areas, while seeking to shift some of the growing cost of floods and other catastrophes to private insurers. The government on Tuesday approved a 15.5 billion …
Via: Claims Journal
OpenAI has determined that one of its upcoming models is so capable it requires additional safety measures before it can be launched. The model, called Astra, can spot more security vulnerabilities than the most advanced OpenAI model publicly available today, …
Via: Claims Journal
A federal judge has agreed with the owner and manager of the Dali cargo ship responsible for the collapse of Baltimore’s Key Bridge that the bulk of the remaining claims against them for economic damage are invalid. On August 25, …
Via: Claims Journal
Chinese consumer electronics company TCL has sued South Korea’s Samsung in Los Angeles federal court, accusing its rival of falsely advertising some televisions as using “Mini LED” technology. The lawsuit, filed on Monday, alleges Samsung falsely marketed its M Model …
Via: Claims Journal
According to Apple's latest filing, OpenAI "only recently" provided a key piece of evidence: an Apple-issued MacBook that Liu had been using since departing the company.
Via: Claims Journal
Ford Motor is recalling 148,663 vehicles in the U.S. due to a loss of driver power and loss of headlight function or windshield washing system function, which can reduce visibility, the U.S. National Highway Traffic Safety Administration said on Tuesday. …
Via: Claims Journal
Los Angeles County sued State Farm, California’s largest home insurer, for alleged delays, denials and underpayments of property damage claims filed by victims of the massive January 2025 wildfires. Monday’s lawsuit, following a county investigation, alleges State Farm withheld money …
Via: Claims Journal