Industry News
MSP Recovery, a now-famous Miami litigation firm, has won some and lost some in federal and state appeals courts during a decade-long enterprise that has earned it millions of dollars in fees for, essentially, moving funds from auto insurers to …
Via: Claims Journal
First Brands Group founder Patrick James and his brother Edward, a former executive at the company, were indicted in New York following the collapse of the bankrupt auto-parts maker last year. The duo engaged in a series of schemes to …
Via: Claims Journal
Hyundai Motor is recalling 568,576 Palisade sports utility vehicles in the U.S. over improper deployment of side curtain airbags, the National Highway Traffic Safety Administration said on Thursday. NHTSA said the side curtain air bags for third-row occupants in these …
Via: Claims Journal
Los Angeles County District Attorney Nathan Hochman asked the county to hold off on making initial payments for a landmark $4 billion sexual abuse settlement while his office conducts a criminal investigation of potentially fraudulent claims. In a letter to …
Via: Claims Journal
The Insurance Institute for Highway Safety hopes a new seat and head restraint evaluation will push automakers to modify head restraints and seat designs to better protect occupants from rear-end crashes. In the first initial rounds of the test, only …
Via: Claims Journal
China has executed 11 people linked to scam centers in Myanmar, including “core members” involved in the operation, according to state media. Those executed were members of the “Ming family criminal gang” and had been found guilty of intentional homicide, …
Via: Claims Journal
Navigators Insurance Co., a Hartford excess insurer, cannot escape a Georgia utility company’s argument that the utility is an additional insured on a policy, after a 2018 gas explosion in Georgia that left three women severely injured. The decision by …
Via: Claims Journal
A wave of cyberattacks has hit Bumble Inc., Panera Bread Co., Match Group Inc., and CrunchBase Inc., as cybersecurity experts warn about a new round of social engineering attacks targeting US companies. Bumble Inc., the parent company of dating apps …
Via: Claims Journal
U.S. auto safety regulators are investigating a Waymo autonomous vehicle that struck a child near a school in Santa Monica, California, the second recent probe to examine the behavior of the Alphabet Inc. unit’s robotaxis near children. The vehicle collided …
Via: Claims Journal
Tesla Inc. will spend over $20 billion on a dramatic reshuffling of factory lines reflecting Elon Musk’s repositioning of the carmaker coming off a multiyear sales slump. The capital expenditures planned for 2026 — more than double last year’s outlay …
Via: Claims Journal