Industry News
During the recent Berkshire Hathaway annual meeting, CEO Greg Abel told shareholders that the conglomerate’s decisions on investments and acquisitions depend on several factors, highlighting price relative to risk as one of them. See related article: Details TBD: Berkshire’s Jain, …
Via: Claims Journal
The California Department of Insurance is taking action against State Farm over an investigation that reportedly shows the carrier has been mishandling insurance claims from the January 2025 Los Angeles wildfires. A CDI filing alleges violations of the Unfair Insurance …
Via: Claims Journal
Hundreds of tankers, bulk carriers and cargo ships are still languishing in the Gulf, and countries in the region have shuttered significant oil production.
Via: Claims Journal
An attorney representing the Trump administration informed a U.S. District Court Friday evening that the Federal Emergency Management Agency has begun offering new appointments to disaster workers whose contracts the agency did not renew in January, reversing a controversial decision …
Via: Claims Journal
Leslie Clark isn’t counting on money from the Maui wildfire settlement to help rebuild her family home near Front Street in Lahaina. Worrying about something out of her control “is not good for your health,” said Clark, 62, who lost …
Via: Claims Journal
Australia’s top prudential regulator said it will take action against companies that fail to adequately control cybersecurity threats, as concerns within the industry mount over Anthropic PBC’s latest AI model Mythos. The Australian Prudential Regulation Authority is finalizing a plan …
Via: Claims Journal
The Bucks County district attorney announced criminal charges against the owner and operator of Advanced Public Adjusters. Greg A. Micucci, of Bristol, Pennsylvania, is accused of misappropriating approximately $140,000 in insurance claim funds intended for nine victims and their contractors. …
Via: Claims Journal
Samsung Electronics must pay a $392 million lump sum for a license to use ZTE’s patents for mobile phones, London’s High Court ruled on Friday in the English leg of the companies’ global licensing dispute. ZTE has brought parallel lawsuits …
Via: Claims Journal
A steel producer must spend $12 million to mitigate hazardous waste violations at its Ohio facility. The Department of Justice announced a proposed settlement with Cleveland-Cliffs Steel Corporation over releases of hazardous waste at its Middletown Works operation. Under a …
Via: Claims Journal
Ford is recalling 179,698 vehicles in the U.S. due to a loose bolt in the front seat frame, the U.S. National Highway Traffic Safety Administration said on Friday. The recall includes certain 2024-2026 Ranger and Bronco vehicles. A seat with …
Via: Claims Journal