Industry News
PacifiCorp, a utility owned by Berkshire Hathaway, agreed to pay $575 million to resolve U.S. government damages claims related to six wildfires in Oregon and California that burned nearly 290,000 acres of federal land, the U.S. Department of Justice said …
Via: Claims Journal
American International Group said it made substantial progress in artificial intelligence within the last year, and the technology’s outcomes and capabilities are more than previously predicted. The insurer during an Investor Day less than a year ago presented the potential …
Via: Claims Journal
A judge rejected Tesla's request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and injured her boyfriend.
Via: Claims Journal
The U.S. Supreme Court struck down on Friday President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major …
Via: Claims Journal
Drivers of BMW, Ram and Tesla vehicles were ranked among the worst drivers in the country in a new report. A LendingTree report on the best and worst drivers on by vehicle manufacturer ranks BMW for No. 1 in total …
Via: Claims Journal
There has been a lot of recent conversation throughout the insurance industry around resiliency fortification efforts and how to help facilitate them. For claims leaders, this is a particularly important conversation because the level of resiliency of the structures in …
Via: Claims Journal
Insureds cannot rely on the word of an insurance adjuster—even one hired by the insurer—to show that a homeowners’ policy covers sewage backup, a federal appeals court said in a case that underscored the sanctity of policy exclusions but also …
Via: Claims Journal
German biopharmaceutical company BioNTech sued Moderna in Delaware federal court on Thursday, alleging that Moderna’s COVID-19 vaccine mNEXSPIKE infringes a patent related to BioNTech and Pfizer’s competing shot Comirnaty. The lawsuit said that mNEXSPIKE, Moderna’s next-generation COVID shot approved by …
Via: Claims Journal
The water and power utility that serves the city of Los Angeles must face hundreds of lawsuits faulting its response to the massive 2025 wildfire that leveled one of the city’s premier seaside neighborhoods and caused tens of billions of …
Via: Claims Journal
A judge agreed with Palantir Technologies Inc. that a trio of former employees likely violated confidentiality and non-solicitation agreements in founding their artificial intelligence startup but stopped short of halting their work at the new company, Percepta. Palantir sued Percepta …
Via: Claims Journal