Archive for February 2026

Success for the property/casualty industry in 2025 was marked by rate increases and investment income, but plateauing or softening rates in many lines of business in 2026 may pressure financial results in 2026, said AM Best. In a new report, … Source: Claims Journal

A federal judge in California on Tuesday dismissed a lawsuit from Elon Musk’s artificial intelligence startup xAI that accused rival Sam Altman’s OpenAI of stealing its trade secrets. U.S. District Judge Rita Lin in San Francisco said that xAI could … Source: Claims Journal

Wynn Resorts on Tuesday said hackers had obtained employee data and that the company was investigating the breach. Michael Weaver, Wynn’s chief communications officer, said in an email Tuesday that the company learned that “an unauthorized third party acquired certain … Source: Claims Journal

The GFS developed by NOAA was ultimately correct about the storm’s impacts on NYC, but it overstated the threat in parts of the Mid-Atlantic and the duration was off. Source: Claims Journal

Ford is recalling 412,774 Explorer SUVs in the U.S., citing an issue with rear suspension toe links, which may fracture, leading to a loss of steering control, the U.S. National Highway Traffic Safety Administration said on Tuesday. The regulator suggested … Source: Claims Journal

A U.S. judge has refused to dismiss a lawsuit accusing Tesla of discriminating against American citizens in hiring so it can pay less to foreign workers, but said he was skeptical that the software engineer who sued would prevail. U.S. … Source: Claims Journal

Detroit under Donald Trump has rediscovered its love of the big, roaring engine. By gutting climate regulations, the president has freed U.S. automakers to sell as many gas-burning trucks and SUVs as they can. Muscle cars powered by rumbling V-8s … Source: Claims Journal

Volvo Cars will recall over 40,000 of its flagship electric EX30 SUVs because their battery packs risk overheating, it told Reuters on Monday, a move that could dent the automaker’s hard-earned reputation for safety and cost it millions of dollars. … Source: Claims Journal

The U.S. federal agency that enforces workplace civil rights is suing a regional Coca-Cola bottler for sex discrimination, alleging the company discriminated against male employees by only inviting women to a company-sponsored networking event. The U.S. Equal Employment Opportunity Commission … Source: Claims Journal

The U.S. International Trade Commission has initiated an investigation into the automotive rules of origin under the United States-Mexico-Canada trade agreement, the commission said in a statement last week. The probe will examine the “impact on the U.S. economy, effect … Source: Claims Journal