Industry News
Southern California Edison has reached a settlement agreement with several intervenors to allow the utility to recover about $2 billion of $5.6 billion in losses tied to the 2017–2018 wildfire and mudslide events. Out of the $2 billion, about $1.6 …
Via: Claims Journal
Xiaomi Corp. will deploy an over-the-air software fix to rectify a problem in its advanced driver-assistance technology installed in almost 40% of the SU7 electric sedans it's sold.
Via: Claims Journal
Capital One settled a lawsuit by social media creators who said a free browser extension used by millions of people to find discounts stole their sales commissions when shoppers bought their products and services. The sixth-largest U.S. commercial bank and …
Via: Claims Journal
Lyft has paid $19.4 million to New Jersey after an audit found the ride-sharing company improperly classified more than 100,000 drivers as independent contractors, state officials said on Thursday. Officials including state Attorney General Matthew Platkin said Lyft made the …
Via: Claims Journal
Three auto-parts makers are borrowing in the junk-bond market this week, helping to push debt issuance for the car sector and related companies up 6% this year even as rising global tariffs potentially weigh on profits. Parts maker American Axle …
Via: Claims Journal
Via Transportation Inc., the public transit software maker that went public last Friday, will partner with Waymo to launch autonomous shared rides in Arizona this fall. The program will start in Chandler, whose existing Flex service lets the public book …
Via: Claims Journal
Aon plc launched Specialist Claims Solutions, an end-to-end service across the claims process, including leakage diagnostics, claims administration/run-off services, debt recovery and commutations and inwards claims handling support. Aon has also formed a collaboration with ARMStrong Insurance Services, a provider …
Via: Claims Journal
The U.S. Justice Department accused a British teenager on Thursday of engaging in a yearslong spree of cyberattacks that targeted 47 American organizations and netted more than $100 million in ransom payments. Thalha Jubair, 19, from London, participated in a …
Via: Claims Journal
The U.S. Federal Trade Commission and seven states sued Live Nation Entertainment Inc. and its Ticketmaster subsidiary for failing to stem the use of automated ticketing bots and large-scale resale operations. The consumer protection agency said the nation’s largest ticketing …
Via: Claims Journal
The families of four passengers killed in the June 12 crash of an Air India Boeing 787 said in a lawsuit that the accident resulted from allegedly faulty fuel switches, which the U.S. Federal Aviation Administration has said do not …
Via: Claims Journal