Industry News
Production of Ford Motor’s best-selling F-150 pickup truck has been halted for nearly a week at a Detroit-area plant, according to a memo viewed by Reuters. All production crews at Dearborn Truck Plant were canceled starting Thursday, through Tuesday, September …
Via: Claims Journal
An Alabama jury will hear the state’s claims that TikTok and its Chinese parent company ByteDance made the platform addictive to young users and misled consumers about its safety, in the first case against the company to reach trial in …
Via: Claims Journal
A new code for public adjusters that would create a board to put ethics violations in front of state regulators was introduced on Friday. The Public Adjusting Code of Professional Conduct is being pushed by a coalition of more than …
Via: Claims Journal
State Farm says it plans to increase the size of its claims workforce by 10%, or about 3,000 employees, starting in 2027. The Bloomington, Illinois-based carrier reports roughly 30,000 claims employees across the country. State Farm handles nearly 11 million …
Via: Claims Journal
Insurance Australia Group said on Friday it had agreed to settle an A$2.8 billion ($1.96 billion) Credit Suisse lawsuit over losses linked to the collapse of finance firm Greensill Capital. Here are some key details: The insurer did not disclose …
Via: Claims Journal
Hurricane Nolo is threatening Hawaii, a state already raked by multiple natural disasters since March that have caused hundreds of millions of dollars in damage. Nolo’s top winds reached 75 miles (120 kilometers) per hour as it churned about 450 …
Via: Claims Journal
Legal filings against residential rental properties in New York City grew substantially between 2021 and 2023 and then remained constant at that elevated level, according to research from Milford Street Captive Insurance. The analysis conducted by LegalClaimsAI and the NYU …
Via: Claims Journal
Electric utility Southern California Edison is urging California lawmakers to hold a special session before year-end to consider limiting utilities’ exposure to future wildfire liabilities, CEO of parent company Edison International EIX.N Pedro Pizarro said this week. Electric utility infrastructure …
Via: Claims Journal
Investors in a catastrophe bond targeting Mexico are betting they’ll be spared losses as Hurricane Polo looks set to avoid landfall as a dangerously destructive storm. “I’d never say never,” said Florian Steiger, chief executive of Zurich-based cat-bond manager Icosa …
Via: Claims Journal
Tesla’s FSD automated-driving system frequently exceeded speed limits and attempted to overtake cyclists on streets where it’s prohibited, a road-safety advocacy group said, citing tests it conducted in Belgium. The Belgian group Johanna.be – which advocates for pedestrian and cyclist …
Via: Claims Journal