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Archive for March 2016

Takata Placing Worst-Case Recall Costs at $24B

Takata Corp., the supplier behind the auto industry’s biggest recall ever, estimated that a comprehensive callback of its airbag inflators would total about 2.7 trillion yen ($24 billion), according to a person familiar with the matter. The shares plunged to … Source: Claims Journal

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North Texas Earthquake Risk Higher Than Ever Before

A U.S. Geological Survey report concludes the risk of earthquakes for the Dallas-Fort Worth area is higher than it’s ever been. The USGS report released Monday, according to The Dallas Morning News,  incorporates “induced” earthquakes into federal seismic hazard maps. … Source: Claims Journal

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No Criminal Charges in Deadly California Balcony Collapse

A California prosecutor has decided against filing criminal charges in a fifth-story balcony collapse in Berkeley last year that killed six students from Ireland and injured seven other people, officials said Tuesday. Alameda County District Attorney Nancy O’Malley said she … Source: Claims Journal

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Self-Driving Cars Will Likely Put a Dent in Auto Insurer Profits

Accident avoidance features in vehicles, such as automatic braking, adaptive cruise control, and lane departure prevention, are becoming more prevalent and will lead to lower accident frequency in the next five-to-ten years, a benefit for auto insurers. Longer term, self-driving … Source: Claims Journal

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IIHS: First Headlight Rating Test Reveals Dismal Results

The Toyota Prius v is the only midsize car out of 31 evaluated to earn a good rating in the Insurance Institute for Highway Safety’s first-ever headlight ratings. The best available headlights on 11 cars earn an acceptable rating, while … Source: Claims Journal

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Brussels Terrorist Attack Highlights U.S. Subway Vulnerability

The Brussels terrorist attacks show how subway passengers can be even more vulnerable than airline travelers. But that’s not where public attention – or federal security spending – has gone in the U.S. The Transportation Security Administration, created after the … Source: Claims Journal

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VW Diesel Fix Deadline is April 21

A federal judge on Thursday gave Volkswagen AG and U.S. regulators until April 21 to agree on a fix for the nearly 600,000 diesel vehicles on U.S. roads caught up in VW’s massive emissions cheating scandal. U.S. District Judge Charles … Source: Claims Journal

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