Industry News
President-elect Donald Trump’s incoming administration is looking to slash fuel-efficiency requirements for new cars and light trucks as part of plans to unwind Biden policies he’s blasted as an “EV mandate,” according to people familiar with the matter. Trump advisers …
Via: Claims Journal
Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company …
Via: Claims Journal
A federal bankruptcy judge has approved a Chapter 11 plan for the Roman Catholic Diocese of Rockville Centre, New York that includes a $320 million fund to compensate victims of clergy sexual abuse and settles insurance issues. Judge Martin Glenn …
Via: Claims Journal
The United States must address a growing public-health crisis over traffic deaths that remain significantly higher than pre-pandemic levels, the head of the National Transportation Safety Board said on Tuesday. “Unlike most developed nations, U.S. roadways have grown more deadly …
Via: Claims Journal
A construction industry captive insurer along with three construction contractors have filed a lawsuit alleging a massive New York fraud scheme involving staged workplace accidents and bogus workers’ compensation and personal injury lawsuits backed by complicit lawyers and medical providers. …
Via: Claims Journal
Asian News International, one of India’s largest news agencies, sued OpenAI in a court in India alleging that the U.S. artificial intelligence company misused its copyrighted news content. ANI also alleged that OpenAI stored the data, which is in breach …
Via: Claims Journal
After ditching two-thirds of its office space and selling its Chicago headquarters, Allstate Corp. realized that even employees who prefer working remotely still need a place to gather with their coworkers from time to time. In the coming months, a …
Via: Claims Journal
Auto and property insurance shopping rose markedly in the third quarter of 2024, pushing carrier switches up 38% compared with last year, according to a report from TransUnion. Homeowners insurance shopping rose 19% and auto insurance shopping rose 16% respectively, …
Via: Claims Journal
U.S. auto safety regulators are probing two recent recalls by Ford Motor Co. as the carmaker struggles to contain quality lapses in its vehicles. The National Highway Traffic Safety Administration is investigating an April recall of more than 450,000 Bronco …
Via: Claims Journal
What emerging risks could electric vehicles present as they become more widespread? Verisk experts recently explored the current EV landscape and hypothesized what insurance concerns the vehicles could prompt in the future. During a webinar presentation, Greg Scoblete, a principal …
Via: Claims Journal