Industry News
A New York university-connected research foundation has filed a lawsuit against Japan chip materials maker JSR 4185.T, court documents show, saying the company has commercialized its technology without permission. JSR is a top manufacturer of photoresists, which are chemicals used …
Via: Claims Journal
The preliminary total damage and economic loss from the intense storms and record rainfall in California this week will be between $9 billion and $11 billion, according to AccuWeather estimates released on Monday. The atmospheric river hit California Saturday and …
Via: Claims Journal
Fintech firm EquiLend said on Friday some services, including trading and post-trading solutions, had been restored, more than a week after it suffered an outage due to unauthorized access to its systems. EquiLend, a company at the heart of securities …
Via: Claims Journal
Broker Marsh said the composite rate change at renewal for U.S. commercial lines was up 3% in the fourth quarter 2023, led by an 11% increase in property rates. The Marsh Global Insurance Market Index said it was the 25th …
Via: Claims Journal
Boeing Co. found more mistakes with holes drilled in the fuselage of its 737 Max jet, a setback that could further slow deliveries on a critical program already restricted by regulators over quality lapses. The latest manufacturing slip originated with …
Via: Claims Journal
Completely driverless vehicles traveled nearly 3.3 million miles in California last year, over five times the previous year’s total, even as concerns rose in the wake of a Cruise robotaxi accident, state data on vehicle testing released on Friday showed. …
Via: Claims Journal
The Hollywood Hills and Santa Monica Mountains face life-threatening landslides and flash flooding on Monday as an intense atmospheric river blankets Southern California. “We have an atmospheric firehose pointed right at Southern California,” said Ryan Truchelut, president of commercial forecaster …
Via: Claims Journal
U.S. safety regulators have upgraded their probe into Tesla TSLA.O vehicles over power steering loss to an engineering analysis – a required step before the agency could demand a potential recall. The National Highway Traffic Safety Administration (NHTSA) on Friday …
Via: Claims Journal
There were 692 reported thefts of cargo across the United States and Canada in the third quarter of 2023, a 59% increase when compared to the third quarter of 2022, according to CargoNet. Similar to the second quarter of 2023, …
Via: Claims Journal
California will get more flooding rains starting late Saturday, unfolding into early next week, as another powerful atmospheric river rolls in off the Pacific Ocean. Los Angeles will likely get 5 to 6 inches (12.7 to 15.24 cm) of rain, …
Via: Claims Journal