Industry News
U.S. economic growth regained speed in the first quarter as businesses boosted investment in artificial intelligence and government spending rebounded after a crippling shutdown, but the pickup is likely temporary, with the Middle East conflict raising inflation and eroding household …
Via: Claims Journal
The Paris prosecutor’s office has opened an investigation into a 15-year-old, suspected of having hacked the country’s ID agency and trying to sell the data of millions of French people on the dark web this month, it said on Thursday. …
Via: Claims Journal
Young and inexperienced Camp Mystic counselors were not trained to help campers during floods or other emergencies, and feared making decisions on their own, an investigator into the flood that killed 27 counselors and campers told Texas lawmakers this week. …
Via: Claims Journal
Some automakers this week got a first-quarter profit boost—at least on paper—from future refunds of tariff payments they made to the U.S. government, risking potential ire from U.S. President Donald Trump. Companies that were hit with import duties began applying …
Via: Claims Journal
The National Highway Traffic Safety Administration on Wednesday banned substandard Chinese replacement automobile air bag inflators after 10 fatal crashes, saying they pose a significant risk to American drivers. The U.S. auto safety agency said it was aware of 12 …
Via: Claims Journal
Large-scale infant formula testing conducted by the U.S. Food and Drug Administration found that the overwhelming majority of samples weren’t contaminated with metals or pesticides. The findings are positive for infant formula manufacturers, who were an early target of Health …
Via: Claims Journal
New research shows the persistent risk of lawsuits and high medical liability insurance premiums have created a long period of heavy financial burden on doctors and escalating expenses in healthcare. The research from American Medical Association shows many physicians face …
Via: Claims Journal
Duracell, the battery maker owned by Berkshire Hathaway, must face a lawsuit accusing it of stealing trade secrets related to German chemical company BASF’s lithium-ion battery technology. U.S. District Judge Gregory Williams on Tuesday rejected Duracell’s bid to dismiss the …
Via: Claims Journal
Allstate reported a jump in first-quarter profit on Wednesday as the property and casualty insurer benefited from a sharp fall in catastrophe losses. Earnings rose across the insurance industry on weaker catastrophe losses in the quarter. The prior year’s quarter …
Via: Claims Journal
The U.S. National Highway Traffic Safety Administration has closed a probe into 120,089 2023 Tesla Model Y vehicles without action from the carmaker, the regulator said on Tuesday. The agency had opened the preliminary evaluation in early 2023 after two …
Via: Claims Journal