Posts by Y@DminG

The National Highway Traffic Safety Administration said on Wednesday it had closed an engineering analysis on 2,038,307 Nissan Motor vehicles over issues related to rear suspension control arm failure. The investigation, which covered 2013-2018 Nissan Altima and 2016-2018 Nissan Maxima … Source: Claims Journal

Carnival Cruise Lines could not have foreseen a sexual assault on a teenager, despite a lack of security presence at the time, the sneaking of booze on to the ship by an alleged assailant, and reports of more than 100 … Source: Claims Journal

UBS Group AG said that information about the company had been stolen in a cyber attack on one of its suppliers, following a report a Swiss newspaper that data on more than 130,000 employees had been subject to a hack. … Source: Claims Journal

Ron Perelman told a judge that five of his paintings totaling over $400 million in value lost their luster from a fire in his Hamptons home, at the trial of his lawsuit seeking to force his insurers to cover the … Source: Claims Journal

The US has spent nearly $1 trillion dollars on disaster recovery and other climate-related needs over the 12 months ending May 1, according to an analysis released Monday by Bloomberg Intelligence. That’s 3% of GDP that people likely would have … Source: Claims Journal

St. Louis Mayor Cara Spencer signed an executive order to waive a 25% holdback of insurance payouts for property damage claims related to the May 16 tornado that damaged at least 10,000 properties in the city. The order instructs the … Source: Claims Journal

Applied Intuition raised $600 million in a funding round and tender offer that valued the automotive software supplier at $15 billion, more than doubling its valuation from last year in a sign of strong investment appetite for autonomous vehicle technology. … Source: Claims Journal

Louisiana Governor Jeff Landry vetoed a bill last week that would have limited bad faith lawsuits against insurers, a move that raised criticism from the insurance industry. SB 111, sponsored by Sen. Alan Seabaugh, R-Many, intended to bring clarity to … Source: Claims Journal

Not one but two class action lawsuits have been filed against Erie Insurance even as the insurer continues to investigate its cybersecurity incident. One lawsuit was filed by an Illinois customer, Neil Plascencia; the other by Amy Haas, a former … Source: Claims Journal

Flash flooding caused by torrential rains killed five people in northern West Virginia and rescue crews were searching for three other people who were missing Sunday as authorities assessed damage to roads, bridges, natural gas lines and other infrastructure. Officials … Source: Claims Journal