Industry News
The tally of losses from the historic wildfires in Washington over the summer continues to grow, but by so do the lessons being learned. Insured losses from the wildfires that plagued Washington for nearly half the summer are nearing $1 …
Via: Claims Journal
U.S. traffic deaths fell in the first half of this year to the lowest rate since 2014, the government said on Tuesday, retreating from a spike during the 2020 COVID pandemic and several years in which road deaths remained elevated. …
Via: Claims Journal
The U.S. Justice Department sued Lyft on Monday, alleging the ride-hailing services provider discriminated against passengers with disabilities, including those who use service animals and mobility devices such as stowable wheelchairs. The lawsuit seeks $53 million for individuals with disabilities …
Via: Claims Journal
Honda is recalling 635,808 vehicles in the U.S. over issues with the power steering assist software, the National Highway Traffic Safety Administration said on Tuesday. Here are some more details: The recall involves certain 2021-2025 Acura TLX, 2022-2024 Acura MDX …
Via: Claims Journal
Dutch chipmaker Nexperia is “totally oversubscribed” as suppliers divert manufacturing capacity toward fast-growing AI data centers and away from the mature chips used in cars and industrial equipment, interim CEO Stefan Tilger told Reuters at the Electronica trade fair in …
Via: Claims Journal
Matthew Martinez has lived nearly all of his 60 years in a canyon on the Navajo River and had never seen severe floods. Then, twice over the last two weeks, the river surged through his home and outbuildings in far …
Via: Claims Journal
Fireworks AI, a popular startup that helps companies run artificial intelligence models, notified customers on Monday of a security breach in which their data was accessed, its second known hack in a matter of weeks. A Fireworks spokesperson said the …
Via: Claims Journal
Insurers are taking steps to limit their exposure to the risk of losses tied to a wave of street protests in cities across Europe. The industry has started imposing caps on coverage, raising deductibles and — in some high-risk locations …
Via: Claims Journal
The National Highway Traffic Safety Administration on Monday said it opened a preliminary evaluation into more than 1.2 million Ford vehicles over the accidental deployment of seat-mounted side airbags that caused serious burn injuries. NHTSA said it has received eight …
Via: Claims Journal
Asphalt-roofing manufacturers have come out swinging against a new Insurance Institute for Business and Home Safety standard that limits the coveted “Fortified” designation to roofs younger than 15 years. The manufacturers’ response could lend new fuel to the debate over …
Via: Claims Journal