Industry News
California’s flood threat isn’t over even as the storm currently battering the state whirls its way across the US West. The US Climate Prediction Center said there is the potential for more heavy rain and snow across Southern California and …
Via: Claims Journal
Apple Inc. won’t have to face a lawsuit alleging its smartwatch copied heart-monitoring technology from a Khosla Ventures LLC-backed startup, AliveCor, a federal judge ruled. US District Judge Jeffrey White in Oakland, California, entered a judgment Tuesday in favor of …
Via: Claims Journal
Honda Motor Co said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy unintentionally during a crash. The front passenger seat weight sensor may crack and short circuit, failing …
Via: Claims Journal
In the insurance world, 2024 brings forth many challenges and transformative trends. From the escalating global risks, such as climate change and cyber threats, to the evolving role of insurers as societal safety nets, the industry is on the brink …
Via: Claims Journal
Executives at Elon Musk’s SpaceX discriminated against women, joked about sexual harassment and fired workers for raising concerns, seven former employees allege in California civil rights complaints viewed by Bloomberg. The California-based workers, who were fired in 2022 after circulating …
Via: Claims Journal
Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red Sea, another sign of how Houthi attacks in the area are punishing the commercial interests of vessels with ties to the west. The militants began …
Via: Claims Journal
CoreLogic estimated that across the greater Los Angeles area, nearly 543,000 single- and multifamily homes with a combined reconstruction cost value (RCV) of more than $258 billion are at risk of flash flood damage. Reconstruction cost value is the cost …
Via: Claims Journal
Hurricane Ian caused extensive damage in southwest Florida, with more than 37,000 National Flood Insurance Program claims, making it the fourth-most expensive flood disaster in U.S. history, says a new report from the Federal Emergency Management Agency. As other studies …
Via: Claims Journal
The risk of flash flooding and landslides persists for 21 million people across California as rains from a deadly atmospheric river keep falling throughout the day. Flood watches continue across Southern California, where about an additional 0.5 to 0.75 inch …
Via: Claims Journal
Bayer AG suffered a blow to its efforts to put a lid on the expensive and long-running litigation over its Roundup weedkiller, as a US appeals court ruled against it. In an opinion Monday, the 11th US Circuit Court of …
Via: Claims Journal