Industry News
Federal prosecutors have charged seven California men in connection with a $100 million robbery of a Brink’s truck, calling it the largest jewelry heist in US history. The theft occurred in July 2022, when gold, diamonds, rubies, emeralds and luxury …
Via: Claims Journal
The Restoration Industry Association named Jeff Moore as the group’s new president. Moore, who is president and chief acquisitions officer of ATI Restoration, will serve as RIA president for a term running from 2025 to 2027. As the group’s president, …
Via: Claims Journal
Honda Motor-backed Helm.ai on Thursday unveiled its camera-based system to interpret urban environments, dubbed Helm.ai Vision, and said it was in talks with other automakers to deploy its self-driving technology in mass-market vehicles. Helm.ai is working with the Japanese automaker …
Via: Claims Journal
Rio Tinto, agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia. A …
Via: Claims Journal
The first three months of 2025 brought devastating wildfires to California, significant wind and hail events to Texas, and substantial increases in activity to “Tornado Alley,” but claim volume fell to a five-year low, a quarterly property report from Verisk …
Via: Claims Journal
California utilities are mulling power shutdowns as breezy dry conditions across the state raise the risk of wildfires. Pacific Gas & Electric Corp. may turn off power to at least 11,543 customers in 15 counties, according to its website. Southern …
Via: Claims Journal
The U.S. Senate tax committee proposed a full phase-out of solar and wind energy tax credits by 2028 but extended the incentive to 2036 for hydropower, nuclear and geothermal energy, which are favored by President Donald Trump’s administration, according to …
Via: Claims Journal
Renewable power like solar and onshore wind is the least expensive and quickest power generation source to deploy in the United States, even without government subsidies, Lazard said in a report on Monday. The cost to build new gas-fired power …
Via: Claims Journal
A real estate investment firm isn’t covered for losses of rental income and soft costs over a delayed Missouri apartment construction project after the Eighth Circuit Court of Appeals determined the firm’s status as an “Additional Named Insured” doesn’t qualify …
Via: Claims Journal
Waymo will expand into more areas of the San Francisco peninsula and parts of Silicon Valley, as the sole commercial robotaxi operator in the U.S. seeks to scale up operations, the Alphabet unit said on Tuesday. The self-driving technology firm …
Via: Claims Journal