Posts by Y@DminG

Four former Volkswagen AG managers were convicted by a German court for their roles in the diesel-emission scandal, involving the manipulation of millions of cars and causing €2.1 billion ($2.4 billion) in damages to drivers. Jens Hadler, who led diesel-engine … Source: Claims Journal

Southern California Edison, a unit of utility Edison International, agreed on Friday to pay $82.5 million to settle claims with the U.S. Forest Service for costs and damages resulting from the Bobcat Fire in 2020. The U.S. government had filed … Source: Claims Journal

ATI Restoration made two leadership promotions within its Central U.S. estimating team. Todd Van Sant was named vice president of estimating, and Brandon Coleman was promoted to director of estimating. Van Sant joined ATI in 2021. He has more than … Source: Claims Journal

Mark Whaling and a crew raced up and down a hill in a tanker truck as they battled a wildfire in Los Angeles County, scrambling to get water from a street hydrant in time to stay ahead of flames moving … Source: Claims Journal

Earlier this month, President Trump teased a “big announcement” was coming, touting it as “one of the most important … made in many years about a certain subject.” The “big reveal” came May 12 when he signed executive order “Delivering … Source: Claims Journal

Boeing Co. has reached a tentative agreement with the US Justice Department that would allow the planemaker to avoid criminal prosecution for two fatal crashes of its 737 Max jets more than six years ago. Related: Boeing Whistleblower’s Family Settles … Source: Claims Journal

Global insurer American International Group has reached an out of court settlement of its legal dispute with the excess and surplus insurance firm Dellwood that was started by former AIG executives. In a filing in federal district court in New … Source: Claims Journal

With warmer than normal ocean waters, forecasters are expecting yet another unusually busy hurricane season for the Atlantic. But they don’t think it will be as chaotic as 2024, the third-costliest season on record as it spawned killer storms Beryl, … Source: Claims Journal

The auto claims process has entered a new era—one marked by growing complexity, specialized repairs and rising costs. While inflation plays a role in increased claims severity, it’s only part of the story. Today’s vehicles are fundamentally more complex, and … Source: Claims Journal

Cetus Protocol, a decentralized crypto exchange and key liquidity provider on the Sui blockchain, said it lost roughly $223 million in a security breach. The project confirmed the incident in a post on X, formerly Twitter, stating that its smart … Source: Claims Journal