Industry News
Ford is recalling 288,314 vehicles in the U.S. due to the possibility of roof rail covers coming loose and detaching from the vehicles, the National Highway Traffic Safety Administration said. Related: Ford Recalling 741,000 US Vehicles Due to Park System …
Via: Claims Journal
Lloyd’s of London said former CEO John Neal breached its compliance rules after failing to disclose a close relationship that could have been perceived as creating a potential conflict of interest. An investigation found that Neal failed to disclose the …
Via: Claims Journal
As California’s wildfire insurance crisis drives homeowners to the state’s insurer of last resort, wealthy areas such as Beverly Hills, Malibu and Bel Air make up an increasingly large portion of the liability exposure — a dynamic that experts fear …
Via: Claims Journal
The world’s largest berry company will have to face a class-action lawsuit for supposed “greenwashing” after it allegedly failed to disclose the risk or use of pesticides containing what are known as “forever chemicals.” In a class-action lawsuit filed earlier …
Via: Claims Journal
Nissan is recalling 168,149 vehicles in the U.S., as the Gross Axle Weight Rating (GAWR) listed on the certification label is incorrect, which can allow the vehicle to be overloaded, the National Highway Traffic Safety Administration said on Tuesday. The …
Via: Claims Journal
OpenAI Chief Executive Officer Sam Altman plans to brief the Trump administration and U.S. lawmakers next week on the upcoming generation of artificial intelligence models as the U.S. works to create a process to review the safety of cutting-edge AI …
Via: Claims Journal
The North Carolina Supreme Court in 2024 famously bucked the trend on COVID-19 business-interruption coverage, finding that an insurer owed coverage to a restaurant that was forced to close during the pandemic. But that ruling is not enough to overturn …
Via: Claims Journal
The billionaire Los Angeles Dodgers owner Mark Walter’s sprawling investment empire is facing scrutiny from U.S. prosecutors, who have been investigating potential financial improprieties at two of his insurance companies and at Guggenheim Partners LLC, according to people with knowledge …
Via: Claims Journal
Amgen reached a $74 million settlement of a lawsuit accusing the biotechnology company of waiting too long to disclose that it might owe the Internal Revenue Service $10.7 billion for underreporting six years of taxes. A preliminary settlement of the …
Via: Claims Journal
A federal judge in San Francisco on Monday signed off on artificial intelligence company Anthropic’s landmark $1.5 billion settlement of a class action lawsuit brought by a group of authors who accused it of misusing their books to train its …
Via: Claims Journal