Industry News
While Western wildfires have dominated disaster news for decades, new analysis using artificial intelligence shows millions of homes across the country—even in the swampy Southeast—are at risk for wildfires. New data analysis from ZestyAI found that $2.15 trillion worth of …
Via: Claims Journal
California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is found to have caused a deadly Los Angeles fire last month, Edison’s CEO said on Thursday. Southern California Edison, one …
Via: Claims Journal
After a fire broke out at an Oklahoma motel in June 2020, the property owner submitted a loss claim to its surplus lines insurer—only to find the insurer denied the claim on the assertion that a commercial lines policy insuring …
Via: Claims Journal
European product recalls hit a record high of 14,484 events in 2024, surpassing last year’s record 12,503 events, a new report shows. Sedgwick Brand Protection’s 2025 European State of the Nation Recall Index report reviews five product categories and three …
Via: Claims Journal
California Gov. Gavin Newsom is enlisting veteran Republican lawmaker Ken Calvert to help push his $40 billion wildfire aid request through Congress and secure President Donald Trump’s backing for rebuilding efforts. Calvert, 71, a longtime member of the powerful House …
Via: Claims Journal
The Consumer Financial Protection Bureau dropped a Biden-era lawsuit against Capital One Financial Corp., the latest in a slew of enforcement actions pulled under the Trump administration. The consumer watchdog dismissed the lawsuit with prejudice, meaning it cannot be reopened, …
Via: Claims Journal
A federal judge on Thursday dismissed a lawsuit accusing Norfolk Southern of causing hundreds of millions of dollars of losses for bondholders by concealing safety risks prior to the February 2023 derailment in East Palestine, Ohio of a train carrying …
Via: Claims Journal
Tesla Inc. is seeking approval to offer ride-hailing services in California, a key step by Elon Musk’s company to begin carrying paying customers while its traditional car-selling business falters. The electric vehicle manufacturer applied late last year for what’s known …
Via: Claims Journal
Microsoft Corp. said it has identified U.S. and overseas-based criminal hackers who bypassed guardrails on generative artificial intelligence tools — including the company’s Azure OpenAI services — to generate harmful content, including non-consensual intimate images of celebrities and other sexually …
Via: Claims Journal
President Donald Trump said 25% tariffs on Canada and Mexico are on track to go into place on March 4, and said he would impose an additional 10% tax on Chinese imports. The president paused the sweeping duties on the …
Via: Claims Journal