Posts by Y@DminG

A $361 million (6.5 billion rand) lawsuit has been lodged in a South African court by a Japanese insurance company for a claim arising from flood damages suffered in 2022 by Toyota Motors Corp.’s plant near Durban. The claim against … Source: Claims Journal

Tesla is expected to tiptoe into its long-awaited robotaxi service in Austin, Texas, as soon as Sunday with about 10 of its Model Y SUVs that will operate within strict limits. CEO Elon Musk has said the company is being … Source: Claims Journal

California utilities cut power to more than 62,000 customers across the state in an attempt to stop wildfires from starting as dry winds sweep the region. PG&E Corp. cut off power to around 60,000 customers scattered across seven counties and … Source: Claims Journal

The Restoration Industry Association named Jeff Moore as the group’s new president. Moore, who is president and chief acquisitions officer of ATI Restoration, will serve as RIA president for a term running from 2025 to 2027. As the group’s president, … Source: Claims Journal

Federal prosecutors have charged seven California men in connection with a $100 million robbery of a Brink’s truck, calling it the largest jewelry heist in US history. The theft occurred in July 2022, when gold, diamonds, rubies, emeralds and luxury … Source: Claims Journal

Two executives were sentenced to federal prison for conspiring to defraud the United States and for failing to report information about defective dehumidifiers linked to multiple fires. According to the U.S. Department of Justice, this was the first criminal enforcement … Source: Claims Journal

Amazon is gearing up to make as many as 10,000 robotaxis annually at a sprawling plant near Silicon Valley as it prepares to challenge self-driving cab leader Waymo. Tesla CEO Elon Musk is also vying to join the autonomous race. … Source: Claims Journal

Honda Motor-backed Helm.ai on Thursday unveiled its camera-based system to interpret urban environments, dubbed Helm.ai Vision, and said it was in talks with other automakers to deploy its self-driving technology in mass-market vehicles. Helm.ai is working with the Japanese automaker … Source: Claims Journal

Rio Tinto, agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia. A … Source: Claims Journal

The quarter brought devastating wildfires to California, wind and hail events to Texas, and substantial increases in activity to “Tornado Alley,” but claim volume fell to a five-year low. Source: Claims Journal