Industry News
Southern California Edison customers face hundreds of millions of dollars in additional costs if the utility’s credit rating is downgraded to junk after California failed to pass wildfire legislation, according to the head of the utility’s parent company. Among the …
Via: Claims Journal
The U.S. auto safety regulator on Tuesday closed an investigation into rear-view camera failures in 129,092 Honda Ridgeline pickup trucks, recalled in 2022, without further action. The National Highway Traffic Safety Administration opened a recall query in 2024 and upgraded …
Via: Claims Journal
The founder of the trust and safety team at Alphabet’s Google this week called for a slowdown in AI development, warning that the tech industry was repeating the same mistakes from the social media era, potentially causing even greater harm …
Via: Claims Journal
The U.S. Justice Department has encouraged prosecutors to dismiss more lawsuits against companies brought by whistleblowers, and the former top deputy for the agency’s civil division expects the trend to continue. The approach would follow recent revisions to the Justice …
Via: Claims Journal
Bamboo Insurance Services Inc., a home insurance firm controlled by private equity firm CVC Capital Partners, has postponed its initial public offering, according to people familiar with the matter. The Midvale, Utah-based company cited market conditions for the move, the …
Via: Claims Journal
DoorDash Inc., the leading food-delivery firm in the US, said it agreed to a $131.5 million settlement with New York City to resolve a probe into its compliance with minimum-pay rules for couriers. The settlement, announced Tuesday, includes more than …
Via: Claims Journal
Hurricane Polo has become a dangerous Category 5 storm as it skirts Mexico’s southwest coast, and is expected to bring heavy rain across the region, the US National Hurricane Center said. Polo is forecast to remain just offshore, sparing the …
Via: Claims Journal
Volkswagen is recalling 208,724 vehicles in the U.S. due to a faulty steering rack bolt that could break and cause a loss of steering control, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. Related: VW Signals Rugged …
Via: Claims Journal
Prominent New jersey insurance, development and civic leader George Norcross III has filed a $100 million defamation lawsuit against the Philadelphia Inquirer and one of its editors for allegedly helping to orchestrate a bogus criminal case against him that was …
Via: Claims Journal
More than two dozen Democratic lawmakers on Friday urged President Donald Trump to keep in place a ban on Chinese automakers out of the U.S. market, ahead of his meeting with China’s President Xi Jinping this week. “We urge you …
Via: Claims Journal