Industry News
The unpleasant experience of bright headlights making nighttime drivers wince may not be as dangerous as most would believe—and headlights could be becoming even safer. Glare is implicated in a small fraction of nighttime crashes, a new study from the …
Via: Claims Journal
Nissan is recalling 173,301 vehicles in the United States due to a potential issue with blown fuel pump fuses that can cause engine stalling, the U.S. National Highway Traffic Safety Administration said on Wednesday. The fuel tank temperature sensor harness …
Via: Claims Journal
In what is being seen as a significant win for property insurers, a Florida appeals court found that Universal Property and Casualty Insurance Co. did not breach the insurance contract when it paid just $8,125 on a homeowner’s Hurricane Sally …
Via: Claims Journal
New York State is securing more than $19 million in penalties from eight auto insurance providers for violations of the state’s cybersecurity regulation. Department of Financial Services Superintendent Adrienne A. Harris said that inadequate cybersecurity controls allowed hackers to steal …
Via: Claims Journal
The cybersecurity company F5 Inc. said nation-state hackers breached its networks, gaining “long-term, persistent access” to certain systems and stealing some source code. The breach prompted alerts from cybersecurity agencies in the U.S. and U.K., with a senior US official …
Via: Claims Journal
Illinois sued State Farm Fire and Casualty Insurance Co. to force it to provide information for an investigation into the company’s rapidly rising premiums for homeowners. The state’s insurance regulator alleged that the company has refused to comply with a …
Via: Claims Journal
A fatality involving a Xiaomi Corp. SU7 electric sedan has renewed scrutiny of flush car door handles and is likely to reinforce China's push for tougher safety standards.
Via: Claims Journal
Wisconsin Insurance Commissioner Nathan Houdek fined a contractor his office said was acting as a public adjuster under Wisconsin law. Houdek imposed civil forfeitures of $6,000, finding the contractor violated the standards of Wis. Stat. ch. 629 by engaging in …
Via: Claims Journal
Credit Suisse on Wednesday lost its $440 million London lawsuit against Japan’s SoftBank Group Corp. over losses linked to collapsed finance firm Greensill Capital. Greensill’s collapse made Credit Suisse close $10 billion of funds linked to the financial firm and, …
Via: Claims Journal
AmTrust Specialty named Tony Scott head of claims and head of limited claims. Scott will be responsible for the strategy and execution of AmTrust’s claims operations, overseeing total claims outcomes across the specialty business. He will also lead claims management …
Via: Claims Journal