Industry News
Tesla Inc. already had a lot riding on its highly anticipated robotaxi launch long before Elon Musk decided to swing a wrecking ball through his alliance with President Donald Trump — and the company’s share price. Now investors are looking …
Via: Claims Journal
Marelli Holdings Co., the long struggling auto-parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, filed bankruptcy in the U.S., saying its latest debt-cutting effort was prompted by tariffs. The insolvency case is backed by senior lenders, who …
Via: Claims Journal
The world’s largest aircraft lessor AerCap can recover over $1 billion in relation to jets stuck in Russia since the invasion of Ukraine, London’s High Court ruled on Wednesday, though that is less than the roughly $2 billion it sought. …
Via: Claims Journal
“It’s Now a Buyer’s Market for Auto Insurance, J.D. Power Finds.” That headline on top of an announcement about the release of the J.D. Power 2025 U.S. Auto Insurance Study this week summed up a key takeaway of the customer …
Via: Claims Journal
Some Florida policyholders and their attorneys have long complained about real or perceived delays in the claims-handling process after a loss. A Florida appeals court ruled last week that telling a jury about those delays may be prejudicial and out …
Via: Claims Journal
The Trump administration is increasingly skipping a form of federal disaster aid that helps states better prepare for future storms, flooding and wildfires. The Federal Emergency Management Agency rejected requests for such resiliency money, known as Hazard Mitigation Grant Program …
Via: Claims Journal
Walt Disney Co. and Comcast Corp. teamed up to sue Midjourney Inc., accusing the startup of copyright infringement in the latest sign of tension between major media companies and a new crop of artificial intelligence businesses. Midjourney, which launched publicly …
Via: Claims Journal
Uber Technologies Inc. sued a group of lawyers, medical providers and rideshare drivers it claims staged car accidents, manufactured damages and received unnecessary medical procedures to take advantage of insurance policies in Florida, costing the rideshare giant “several million dollars” …
Via: Claims Journal
United Natural Foods, a distributor for Whole Foods Market, is working to bring systems back online and resume product deliveries after a cyberattack disrupted operations, leaving some store shelves barren.
Via: Claims Journal
A judge approved a deal to try to solve a major buzzkill: Employees at a Michigan marijuana dispensary chain said management was keeping tips left by happy customers. Timber Cannabis, which has seven locations, agreed to pay $205,000 to settle …
Via: Claims Journal