Archive for June 2026

A years-long dispute over a portfolio of commercial properties in Southern California that sparked credit concerns at several banks last year has led to a roughly $1.34 billion arbitration award. Real estate owner Mohammad Honarkar was “fraudulently induced” into doing … Source: Claims Journal

Average U.S. residential roof replacement costs jumped 33% and repair costs rose 25% in 2025 compared to the prior four-year average despite a sharp decline in claims volume, a new report shows. Verisk’s 2026 U.S. Roof Report shows everyday wind … Source: Claims Journal

Honda Motor is recalling 98,892 vehicles in the United States over a defect involving unintentional deployment of air bags, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. Related: Stellantis Recalling 419K US Vehicles for Improper Side Air … Source: Claims Journal

The Trump administration wants to increase the level of regional content in North American-built vehicles to 82% to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement on trade, with 50% of that value produced in the United States, four people … Source: Claims Journal

A new lawsuit accuses a senior official at Shield AI of “profane, egregious acts” of sexual harassment and alleges fraud and safety issues involving other workers at the defense tech startup. Jacob Miller said in his lawsuit that he was … Source: Claims Journal