Archive for June 2024

The U.S. auto safety regulator said on Friday it has opened a recall query into over 120,000 Honda 7267.T Ridgeline U.S. vehicles over rear-view camera (RVC) failures. The U.S National Highway Traffic Safety Administration (NHTSA) said the query concerned the … Source: Claims Journal

Homeowners are cutting back on dining out, travel, groceries and even medication to afford their soaring property insurance premiums. One in 10 are considering relocating to an area with lower premiums. Within the last five years, homeowners’ insurance premiums have … Source: Claims Journal

The National Football League was hit with about $4.7 billion in damages — which stands to be tripled to $14 billion under federal law — after losing a jury trial over anticompetitive features of its Sunday Ticket broadcast package. A … Source: Claims Journal

The US Supreme Court tossed Purdue Pharma LP’s $6 billion opioid settlement, nixing a deal that would have funded opioid epidemic relief efforts in exchange for protecting the company’s billionaire owners from lawsuits alleging they helped fuel the addiction crisis. … Source: Claims Journal

Ten major US and European banks, including Goldman Sachs Group Inc., JPMorgan Chase & Co. and BNP Paribas SA, plan to pay a combined $46 million to end a lengthy legal battle with pension plans that accused them of conspiring … Source: Claims Journal

Read the first part in this series, The Problem(s) With Hail Claims, Part 1: A Cautionary Tale for Insureds and Insurers. In last month’s column, we began our examination of hail and windstorm claims issues by focusing on the pervasive … Source: Claims Journal

ATI Restoration named Adrian Frank the chief program officer. Frank will be responsible for aligning the operations of all ATI offices. Frank most recently served as president at AKF Associates LLC, a firm he founded that does consulting services for … Source: Claims Journal

Four insurance companies filed a subrogation lawsuit against Norfolk Southern in federal court last week, alleging the rail carrier’s negligence led to the 2023 East Palestine, Ohio train derailment and subsequent fire, explosion and release of toxic chemicals. Erie Insurance … Source: Claims Journal

The proportion of workers who expect to switch employers in the next 12 months is higher than that from the “Great Resignation” period of 2022, a PwC survey of the global workforce found. Around 28% of more than 56,000 workers … Source: Claims Journal

Volkswagen said on Wednesday it was recalling over 307,000 vehicles in North America due to a potential wiring fault that may deactivate front passenger air bags when the seat is occupied. The recall covers 271,000 2021-2024 model year Atlas and … Source: Claims Journal