Posts by Y@DminG

Fraudsters target both insurance carriers and vulnerable individuals, preying on survivors of natural disasters—and California’s wildfires will be no exception. These criminals use false promises and fraudulent schemes to exploit emotionally drained victims. In 20 years of leading special investigation … Source: Claims Journal

Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the matter. Investors are buying so-called subrogation claims, obtaining … Source: Claims Journal

Roughly 170,000 properties were potentially impacted by the outbreak of severe storms across the Midwest and Mississippi Valley, in addition to a spate of wildfires and dust storms across the Southern Plains, CoreLogic said. The early season tornado outbreak over … Source: Claims Journal

Tesla said Thursday it is recalling nearly all Cybertrucks in the United States to fix an exterior panel that could detach while driving, the latest in a series of call-backs for the pickup truck. The recall covers just over 46,000 … Source: Claims Journal

Hino Motors, a subsidiary of Japanese automaker Toyota, pleaded guilty on Wednesday over a multi-year emissions fraud scheme in the United States and must pay $1.6 billion in penalties, the U.S. Justice Department said. U.S. District Court Judge Mark Goldsmith … Source: Claims Journal

Greenpeace has been ordered to pay more than $660 million in damages to Energy Transfer Partners LP after the Texas-based oil company accused the environmental group of defamation in connection with protests against an oil pipeline almost a decade ago. … Source: Claims Journal

Product recalls in Australia rose 10.3% in the second half of 2024 from the first half of the year, a new report shows. There were 664 recall actions from July to December, up from 602 in the first half of … Source: Claims Journal

A California pet food maker has recalled its raw chicken products after they were linked to bird flu infections in two cats and suspected in a third in New York City. The recall is the latest in recent months tied … Source: Claims Journal

The Trump administration plans to announce a “brand new” U.S. air traffic control system “in the next couple days,” Transportation Secretary Sean Duffy said. Changes will include shifting from a copper communications infrastructure to fiber lines, as well as new … Source: Claims Journal

Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures, while easing supply chain constraints made stealing vehicles for parts less lucrative. Hyundai 005380.KSand Kia 000270.KS cars … Source: Claims Journal