Posts by Y@DminG

Los Angeles Mayor Karen Bass removed Fire Chief Kristin Crowley, citing failures in the department’s response to the devastating Palisades wildfire. Bass appointed former LAFD Chief Deputy Ronnie Villanueva, a 41-year LAFD veteran, as interim chief while the city launches … Source: Claims Journal

Convective storms added to a year of extreme weather events that will put pressure on property insurance rates, particularly in a few hard-hit states, a new report shows. CoreLogic released its 2025 Severe Convective Storm Risk report, highlighting patterns of … Source: Claims Journal

Britain’s competition regulator has fined, HSBC, Morgan Stanley and Royal Bank of Canada a combined 104.5 million pounds ($132.4 million) for exchanging sensitive information about U.K. government bonds. The Competition and Markets Authority (CMA) said on Friday that it had … Source: Claims Journal

Krystena Murray became pregnant after undergoing in vitro fertilization two years ago, and said she was unaware until she gave birth that the fertility clinic had made a fateful mistake. In December 2023, Murray delivered a healthy baby boy. But … Source: Claims Journal

Mastercard Inc. won a London court’s approval for the £200 million ($253 million) agreed to pay to end a high-profile class action over the fees it charges, which was initially estimated to be worth more than £10 billion ($12.6 billion). … Source: Claims Journal

Stellantis’ 771 million euro ($807.62 million) lawsuit against two safety equipment makers was dismissed by a London tribunal on Friday. The automaker, which was formed by the 2021 merger of Fiat Chrysler Automobiles and PSA Group, sued Autoliv and ZF/TRW … Source: Claims Journal

Tesla said on Friday it was recalling nearly 380,000 vehicles in the United States due to a power steering assist failure that could increase steering effort, particularly at low speeds, potentially raising the risk of a crash. The recall follows … Source: Claims Journal

The 2024 hurricane season presented challenges for insurers thanks largely to hurricanes Beryl, Helene, and Milton—the three powerful storms caused more than $138 billion in damage as well as $52 million in insured losses. Nearmap, an aerial imagery and location … Source: Claims Journal

Zurich Insurance Group AG is expecting pretax losses of $200 million from the January California wildfires as the insurer reported a 5% gain in profit for 2024. Group operating profit rose to $7.75 billion in the year, the company said … Source: Claims Journal

New York’s top prosecutor is suing Puff Bar and about a dozen other makers and distributors of popular e-cigarette brands for alleged illegal sales practices and marketing products to children. The lawsuit follows a two-year investigation by Attorney General Letitia … Source: Claims Journal