Archive for March 2025

The National Transportation Safety Board is harshly criticizing Maryland officials for failing to conduct a risk assessment of the Francis Scott Key Bridge before it collapsed a year ago and is recommending that 30 owners of 68 bridges across 19 … Source: Claims Journal

The National Highway Traffic Safety Administration said on Friday it was opening an engineering analysis into 2.2 million Honda vehicles over concerns related to its engine restarting. Complainants allege the engine fails to restart on its own from a complete … Source: Claims Journal

Michael Novogratz’s Galaxy Digital Holdings will pay $200 million in penalties over the investment firm’s role in promoting the failed Luna cryptocurrency, as part of a settlement with the New York Attorney General. Galaxy reached an agreement with the state … Source: Claims Journal

Boston is the safest city for driving overall, followed by New York City, while Memphis is the least safe, a report looking at the 50 most populated cities shows. U.S. News & World Report evaluated the most and least safe … Source: Claims Journal

Small businesses are the backbone of the U.S. economy, but many are unknowingly underinsured—often discovering gaps only when a claim is denied. According to the U.S. Small Business Administration, roughly one-third of businesses don’t have insurance and three-fourths are underinsured, … Source: Claims Journal

A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm undervalued their property damage claims in its use of the Xactimate software that is popular with insurers. The lead plaintiffs, … Source: Claims Journal

Car prices have already climbed out of reach for many Americans. The search for a cheap car is poised to get even tougher. President Donald Trump’s tariffs on automobile imports set to take effect next week are expected to drive … Source: Claims Journal

The International Monetary Fund sees the U.S. economy shifting into a lower gear this year as President Donald Trump pushes forward with aggressive tariffs but doesn’t see a recession on the horizon. “Large policy shifts have been announced and the … Source: Claims Journal

Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging from unprecedented wildfires to hurricanes and floods. Less than three months into the year, natural disasters are already causing major … Source: Claims Journal

Bankrupt genetic testing firm 23andMe Holding Co. won permission from a judge to try to sell information about customers’ medical and ancestry-related data, a trove that is considered the most valuable asset in the insolvency case — and has become … Source: Claims Journal