Industry News
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
New lawsuits target OpenAI over the British Columbia mass shooting that allege the company could have stopped the suspected killer from using its ChatGPT ahead of the attack.
Via: Claims Journal
Jet fuel exports from Asia to California are at the lowest point in at least a decade, adding another pressure point to a burgeoning air travel crunch on the West Coast stemming from the war on Iran. With two days …
Via: Claims Journal
A video clip of a Florida woman driving her elevated pickup truck over a Lamborghini sports car has gone viral, again raising the issue of elevated trucks’ blind spots leading to accidents and insurance claims. The woman in Lake Nona, …
Via: Claims Journal
Some drivers aren’t satisfied with just one dangerous on-the-road behavior. New data finds drivers who are speeding are more likely to be on their cellphones. A study on the relationship between cellphone usage and driving out Tuesday from the Insurance …
Via: Claims Journal
In another win for auto insurers, a federal appeals last week struck down a proposed class-action lawsuit over the methods carriers use to value totaled vehicles. At least five appellate courts in the last few years have said “no” to …
Via: Claims Journal
Personal lines wholesaler Bridge Specialty Group has launched a new personal lines digital marketplace. Bridge Specialty Group worked with Markel to make its excess and surplus homeowners product available in the marketplace, which supports API-enabled carrier integrations and structured workflows …
Via: Claims Journal
Purdue Pharma appeared in New Jersey federal court on Tuesday for sentencing on charges of deceiving government regulators and paying kickbacks to doctors to boost opioid sales. The sentencing will complete a plea deal that clears the way for the …
Via: Claims Journal