Industry News
When smoke rapidly engulfed his home in Oregon, retired firefighter Fred Cuozzo rushed away in his pickup truck and nearly died from swerving around flames. All but one structure on his rural 16-acre lot was destroyed by the 2020 fire. …
Via: Claims Journal
A federal judge this week granted Marsh its request to prohibit a group of employees who left for Howden US from using its confidential information, soliciting other former employees, and trying to acquire current and prospective Marsh clients. An opinion …
Via: Claims Journal
When a commercial truck is involved in a serious accident, claims professionals face a complex investigation with multiple parties, extensive regulations and potentially massive exposure. As an attorney who has handled hundreds of these cases from the plaintiff’s side, I …
Via: Claims Journal
Stellantis NV is considering tapping electric-vehicle technology from its Chinese partner Leapmotor to help lower costs across its mass-market European brands such as Fiat, Opel and Peugeot, according to people familiar with the plans. The manufacturer is weighing an expansion …
Via: Claims Journal
The former competition director of Joe Gibbs Racing claimed the Pro Football Hall of Fame coach is suing him for “daring to leave” the NASCAR team when the situation surrounding Gibbs’ grandson became untenable at the organization. Chris Gabehart admitted …
Via: Claims Journal
State Farm Mutual Automobile Insurance Co. will pay a $5 billion cash dividend to its auto-insurance customers after posting strong underwriting profits. The payments average $100 per vehicle, State Farm said in a statement. It’s the largest dividend in the …
Via: Claims Journal
Texas said Vanguard Group Inc. agreed to pay a total of $29.5 million to settle a lawsuit brought by a dozen states that accused the asset manager of colluding to manipulate the energy market and reduce coal output. As part …
Via: Claims Journal
Walmart agreed to pay $100 million to settle a suit by the FTC and a group of states alleging the company withheld tips and misrepresented wages to order drivers.
Via: Claims Journal
Ford Motor said Thursday it is recalling 4.3 million pickup trucks and SUVs in the U.S. because a software error may cause trailer brakes not to function and exterior lights to fail. The U.S. automaker said the recall covers the …
Via: Claims Journal
The idea from Citrini Research that artificial intelligence will trigger widespread unemployment is prompting a global backlash from investors and economists. In the past few days, experts from Citadel Securities, Deutsche Bank AG, Fidelity International, Liontrust Asset Management Plc and …
Via: Claims Journal