Industry News
The Trump administration wants to increase the level of regional content in North American-built vehicles to 82% to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement on trade, with 50% of that value produced in the United States, four people …
Via: Claims Journal
Honda Motor is recalling 98,892 vehicles in the United States over a defect involving unintentional deployment of air bags, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. Related: Stellantis Recalling 419K US Vehicles for Improper Side Air …
Via: Claims Journal
Average U.S. residential roof replacement costs jumped 33% and repair costs rose 25% in 2025 compared to the prior four-year average despite a sharp decline in claims volume, a new report shows. Verisk’s 2026 U.S. Roof Report shows everyday wind …
Via: Claims Journal
A years-long dispute over a portfolio of commercial properties in Southern California that sparked credit concerns at several banks last year has led to a roughly $1.34 billion arbitration award. Real estate owner Mohammad Honarkar was “fraudulently induced” into doing …
Via: Claims Journal
Chrysler-parent Stellantis is recalling 419,035 vehicles in the U.S. as a software error could delay the side air bags from deploying during a crash, the U.S. National Highway Traffic Safety Administration said on Friday. This would leave the vehicles non-compliant …
Via: Claims Journal
The cars will be the first to be imported under a deal that allows up to 49,000 Chinese EVs in a 12-month period at a tariff rate of 6%.
Via: Claims Journal
Jefferies Financial Group Inc. has been hit with an investor class action lawsuit over bond purchases made by its 352 Capital fund in a water vending machine firm that federal prosecutors have called a scam. According to the complaint filed …
Via: Claims Journal
The Australian government said on Thursday it had launched legal action against 3M over contamination from firefighting foam supplied by the U.S. company that contained PFAS, or “forever chemicals,” seeking more than A$2 billion ($1.43 billion) in damages. The claim …
Via: Claims Journal
In the case of County of San Bernardino v. Insurance Company of the State of Pennsylvania, the Ninth Circuit recently addressed the issue of whether general liability policies issued in the 1960s and 1970s included aggregate limits for claims arising …
Via: Claims Journal
The U.S. faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the nation to more than $375 billion in aggregated uninsured flood losses from a 1-in-100-year event, according to a new whitepaper from …
Via: Claims Journal