Industry News
Xcel Energy is preparing customers in the Rocky Mountain region for preemptive blackouts to help reduce the risk of wildfires as strong, dry winds threaten to knock down power lines. The utility said it would likely shut off power starting …
Via: Claims Journal
President Donald Trump sued the BBC for at least $10 billion over a misleading edit in a documentary last year that gave the impression he’d made a direct call for violence in a speech leading up to the Jan. 6, …
Via: Claims Journal
Even with no hurricanes making landfall in the U.S. in 2025, insured losses from global natural catastrophes surpassed the $100 billion mark for the sixth consecutive year, according to an analysis by Swiss Re Institute, the research arm of the …
Via: Claims Journal
YA Group, an international building consulting and forensic engineering services provider, acquired the business of J.M. Reagan Consulting. The acquisition adds to YA’s presence in Texas. The JMR team will join YA’s Construction Consulting practice. JMR, headquartered in Houston, Texas, …
Via: Claims Journal
Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and …
Via: Claims Journal
Washington and the Pacific Northwest are facing multiple rounds of torrential downpours this week, raising flood risks in the region as residents are still grappling with last week’s historic rains. Heavy rain was peaking Monday in Washington, where as much …
Via: Claims Journal
Target Corp., Walmart Inc. and other large grocery chains were warned by U.S. regulators for continuing to sell ByHeart infant formula that’s been recalled because it’s potentially contaminated with spores that cause botulism. The Food and Drug Administration on Monday …
Via: Claims Journal
A Russian court has ruled in favor of Rusal in the aluminum giant’s 104.75-billion-rouble ($1.32 billion) lawsuit against global mining and metals company Rio Tinto, according to court documents. The ruling intensifies a legal battle over a joint alumina refinery …
Via: Claims Journal
The U.S. National Highway Traffic Safety Administration on Monday opened a probe into the recall of 331,401 Jeep vehicles due to improperly installed rear coil springs. A rear coil spring helps the vehicle support its weight and absorb road shocks. …
Via: Claims Journal
Allegations that some roofers deliberately damage roofs in order to qualify properties for insurance claims have long been a concern for insurers. This fall, the North Carolina Department of Insurance and North Carolina Farm Bureau decided to do something about …
Via: Claims Journal