Industry News
When the U.S. Federal Emergency Management Agency overhauled rates for millions of homeowners in the National Flood Insurance Program (NFIP), in 2021, the goal was to end decades of underpricing and to align premiums with real flood risk, driven higher …
Via: Claims Journal
Italy’s Leonardo has denied liability for the 2018 helicopter crash which killed Thai businessman Vichai Srivaddhanaprabha, saying in its defense to a lawsuit that its AW169 model is safe. The family of Srivaddhanaprabha, who founded duty-free retailer King Power and …
Via: Claims Journal
Texas Attorney General Ken Paxton sued Xcel Energy Inc., accusing the utility company of “blatant negligence” over its role in the Smokehouse Creek wildfire that killed three people and caused more than $1 billion in damage last year. “The company …
Via: Claims Journal
The hacking group “ShinyHunters” said Tuesday that it had stolen data belonging to premium customers of the leading sex website Pornhub. Although Reuters could not immediately establish the scope, scale or details of the breach, the hackers provided a sample …
Via: Claims Journal
Korean automakers Hyundai and Kia agreed on Tuesday to retrofit more than 4 million U.S. vehicles to address theft concerns and install prevention equipment on all new vehicles to resolve an investigation by a bipartisan coalition of 35 attorneys general. …
Via: Claims Journal
Xcel Energy is preparing customers in the Rocky Mountain region for preemptive blackouts to help reduce the risk of wildfires as strong, dry winds threaten to knock down power lines. The utility said it would likely shut off power starting …
Via: Claims Journal
President Donald Trump sued the BBC for at least $10 billion over a misleading edit in a documentary last year that gave the impression he’d made a direct call for violence in a speech leading up to the Jan. 6, …
Via: Claims Journal
Even with no hurricanes making landfall in the U.S. in 2025, insured losses from global natural catastrophes surpassed the $100 billion mark for the sixth consecutive year, according to an analysis by Swiss Re Institute, the research arm of the …
Via: Claims Journal
YA Group, an international building consulting and forensic engineering services provider, acquired the business of J.M. Reagan Consulting. The acquisition adds to YA’s presence in Texas. The JMR team will join YA’s Construction Consulting practice. JMR, headquartered in Houston, Texas, …
Via: Claims Journal
Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and …
Via: Claims Journal