Industry News
U.S. President Donald Trump filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon on Thursday, accusing them of debanking him by closing several of his accounts to further a political agenda. The lawsuit, filed in a …
Via: Claims Journal
Tesla is likely to win regulatory approval in Europe and China for its driver-supervised Full Self-Driving system as early as next month, CEO Elon Musk said on Thursday, as the electric automaker looks to boost software revenue amid slowing vehicle …
Via: Claims Journal
Days after announcing a deal to equip 10,000 engineers and data scientists at Travelers with AI assistants, the insurance company’s leader detailed “differentiating domain expertise” around data and technology, which fuel long-term profit growth for the insurer. Travelers Chief Executive …
Via: Claims Journal
The high-speed train crash that killed 45 people in Spain on Sunday may have been caused by a rail fracture that likely occurred before the accident, based on preliminary findings of a probe into the disaster. Investigators with Spain’s Comisión …
Via: Claims Journal
A swath of the U.S. from the Southern Rockies to the Mid-Atlantic and New England is on alert for a storm that could last days, disrupting travel and threatening blackouts.
Via: Claims Journal
Excessive speeding was so common on parallel one-way streets passing a massive electronics plant that Indianapolis residents used to refer to the pair as a “racetrack” akin to the city’s famous Motor Speedway a few miles west. Originally two-way thoroughfares, …
Via: Claims Journal
Tesla Inc. is beginning to offer actual robotaxi rides in Austin, a milestone for the carmaker that launched a service seven months ago with vehicles that have relied on human supervisors sitting in front seats. Chief Executive Officer Elon Musk …
Via: Claims Journal
Crawford & Company launched a new global operating structure which the company says is designed to accelerate its strategy to deliver an integrated service model and strengthen collaboration across geographies. Crawford will now operate under two divisions: U.S. Operations and …
Via: Claims Journal
A Missouri spouse can collect loss-of-consortium damages separate from her husband’s underinsured-motorist benefits, a federal appeals court ruled. The 8th U.S. Circuit Court of Appeals concluded that an Auto-Owners Mutual Insurance Company auto policy was poorly drafted. Therefore, its ambiguity …
Via: Claims Journal
A homeowner’s insurer was right to deny a grandmother coverage for a claim against her grandson because he did not qualify as a member of her household. The Massachusetts Appeals Court agreed with Arbella Mutual Insurance Co. that the grandson, …
Via: Claims Journal