Industry News
More than 3 million New York metropolitan-area homes are vulnerable to hurricane winds, the most of any region in the country, according to a report from Cotality, a property analytics firm. Roughly 3.27 million homes in the area face moderate …
Via: Claims Journal
Winds that drove a fast-moving brush fire across Southern California’s Simi Valley eased overnight, slowing the blaze’s spread, but dangerous conditions persist as hundreds of firefighters tackle the flames. Fire activity decreased significantly overnight due to calmer winds along with …
Via: Claims Journal
Iran has started a Bitcoin-backed insurance service for Iranian shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from the country’s Ministry of Economy and Financial Affairs. According to a …
Via: Claims Journal
The Insurance Industry Charitable Foundation named LoriAnn V. Lowery-Biggers CEO. Lowery-Biggers will be responsible for overseeing IICF’s overall operations and strategic direction. She will report to the IICF Board of Governors. Lowery-Biggers has more than 30 years of experience. She …
Via: Claims Journal
You’d have to roll back the calendar a few decades to find a time when competitive moves by the nation’s biggest auto and home insurer were described with the phrase, “The big dog is off the porch.” Still, against the …
Via: Claims Journal
Tesla chief Elon Musk said on Monday he expects fully self-driving cars without human safety monitors to become more widespread in the United States later this year, after already being introduced in Texas. Speaking by video link to the Smart …
Via: Claims Journal
Adani Enterprises Ltd. agreed to pay $275 million over a probe by the Office of Foreign Assets Control, putting the Indian conglomerate a step closer to resolving its legal troubles in the U.S. The Treasury Department said on Monday the …
Via: Claims Journal
Truckmaker Volvo Group on Monday agreed to a $197 million settlement with the California Air Resources Board over alleged violations of the state’s heavy-duty engine regulations. The settlement resolves allegations that Volvo failed to properly disclose auxiliary emission control devices …
Via: Claims Journal
More than 34,000 homes and businesses remain without power across PG&E Corp.’s service area after a weekend outage due in part to dry and windy conditions that raised the risk of wild fires. There were 659 outages impacting 34,322 customers …
Via: Claims Journal
More than half of pilots killed in U.S. civil aviation accidents between 2018 and 2022 tested positive for at least one drug, the U.S. National Transportation Safety Board said in a report published Thursday. Of the 984 pilots who died …
Via: Claims Journal