Archive for April 2026

Some automakers this week got a first-quarter profit boost—at least on paper—from future refunds of tariff payments they made to the U.S. government, risking potential ire from U.S. President Donald Trump. Companies that were hit with import duties began applying … Source: Claims Journal

Allstate reported a jump in first-quarter profit on Wednesday as the property and casualty insurer benefited from a sharp fall in catastrophe losses. Earnings rose across the insurance industry on weaker catastrophe losses in the quarter. The prior year’s quarter … Source: Claims Journal

Duracell, the battery maker owned by Berkshire Hathaway, must face a lawsuit accusing it of stealing trade secrets related to German chemical company BASF’s lithium-ion battery technology. U.S. District Judge Gregory Williams on Tuesday rejected Duracell’s bid to dismiss the … Source: Claims Journal

New research shows the persistent risk of lawsuits and high medical liability insurance premiums have created a long period of heavy financial burden on doctors and escalating expenses in healthcare. The research from American Medical Association shows many physicians face … Source: Claims Journal

Large-scale infant formula testing conducted by the U.S. Food and Drug Administration found that the overwhelming majority of samples weren’t contaminated with metals or pesticides. The findings are positive for infant formula manufacturers, who were an early target of Health … Source: Claims Journal

The National Highway Traffic Safety Administration on Wednesday banned substandard Chinese replacement automobile air bag inflators after 10 fatal crashes, saying they pose a significant risk to American drivers. The U.S. auto safety agency said it was aware of 12 … Source: Claims Journal

The U.S. National Highway Traffic Safety Administration has closed a probe into 120,089 2023 Tesla Model Y vehicles without action from the carmaker, the regulator said on Tuesday. The agency had opened the preliminary evaluation in early 2023 after two … Source: Claims Journal

OpenAI is the target of new lawsuits over the mass shooting in Tumbler Ridge, British Columbia, that allege the artificial intelligence company could have stopped the suspected killer from using its popular chatbot, ChatGPT, ahead of the attack. One of … Source: Claims Journal

Personal lines wholesaler Bridge Specialty Group has launched a new personal lines digital marketplace. Bridge Specialty Group worked with Markel to make its excess and surplus homeowners product available in the marketplace, which supports API-enabled carrier integrations and structured workflows … Source: Claims Journal

In another win for auto insurers, a federal appeals last week struck down a proposed class-action lawsuit over the methods carriers use to value totaled vehicles. At least five appellate courts in the last few years have said “no” to … Source: Claims Journal