Industry News
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
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