Industry News
Bamboo Insurance Services Inc., a home insurance firm controlled by private equity firm CVC Capital Partners, has postponed its initial public offering, according to people familiar with the matter. The Midvale, Utah-based company cited market conditions for the move, the …
Via: Claims Journal
DoorDash Inc., the leading food-delivery firm in the US, said it agreed to a $131.5 million settlement with New York City to resolve a probe into its compliance with minimum-pay rules for couriers. The settlement, announced Tuesday, includes more than …
Via: Claims Journal
Hurricane Polo has become a dangerous Category 5 storm as it skirts Mexico’s southwest coast, and is expected to bring heavy rain across the region, the US National Hurricane Center said. Polo is forecast to remain just offshore, sparing the …
Via: Claims Journal
Volkswagen is recalling 208,724 vehicles in the U.S. due to a faulty steering rack bolt that could break and cause a loss of steering control, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. Related: VW Signals Rugged …
Via: Claims Journal
Prominent New jersey insurance, development and civic leader George Norcross III has filed a $100 million defamation lawsuit against the Philadelphia Inquirer and one of its editors for allegedly helping to orchestrate a bogus criminal case against him that was …
Via: Claims Journal
More than two dozen Democratic lawmakers on Friday urged President Donald Trump to keep in place a ban on Chinese automakers out of the U.S. market, ahead of his meeting with China’s President Xi Jinping this week. “We urge you …
Via: Claims Journal
BYD Co. issued a recall for more than 183,200 vehicles in China over brake-pedal safety risks, the country’s market regulator said. Most of the models affected were the Tang series of electric and hybrid sport utility vehicles, along with about …
Via: Claims Journal
A government watchdog report on Monday shows communications between U.S. air traffic controllers and commercial airplanes are “incredibly insecure” and the Federal Aviation Administration must take steps to address threats, Senator Ron Wyden said. The Government Accountability Office said the …
Via: Claims Journal
A California agency’s lawsuit accusing Tesla of allowing rampant race discrimination at its flagship assembly plant is set to go to trial on Monday, one of a series of similar lawsuits being faced by the electric vehicle maker. Lawyers for …
Via: Claims Journal
A strengthening El Niño is stirring up a dangerous mix of typhoons and hurricanes across the Pacific, fueling storms that have killed hundreds, disrupted trade and caused billions of dollars in damage. Across the western Pacific, that burst of activity …
Via: Claims Journal