Posts by Y@DminG

U.S. officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis. Treasury Department staff are … Source: Claims Journal

A federal judge on Monday blocked California from enforcing a state law requiring new semiautomatic handguns to have certain safety features, finding it violates the right to bear arms under the Second Amendment of the U.S. Constitution. The ruling by … Source: Claims Journal

A pretrial hearing in the $1.6 billion defamation suit by Dominion Voting Systems against Fox Corp. over Fox News airing debunked vote-rigging claims bogged down on Tuesday in a squabble over presentation of sealed information in open court. Delaware Superior … Source: Claims Journal

A group of 22 U.S. state attorneys general on Monday blasted Hyundai Motor and Kia Corp. and said they need do more to address problems with millions of U.S. vehicles that are prone to theft. Last month, the Korean automakers … Source: Claims Journal

Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has “not been solvent” and may be unable to pay all claims from a major hurricane. The head-scratching comments came just … Source: Claims Journal

The Louisiana Supreme Court has joined state high courts across the nation in rejecting a policyholder’s business-interruption claim for income lost because of government restrictions imposed to slow the spread of COVID-19. The high court on Friday reversed the Louisiana … Source: Claims Journal

Norfolk Southern Corp. shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month’s derailment of a train carrying hazardous chemicals in East Palestine, Ohio. In a lawsuit filed on Thursday in Columbus, Ohio, … Source: Claims Journal

LONDON/DETROIT — For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and undercutting gains from … Source: Claims Journal

LITTLE ROCK, Ark. (AP) — During last month’s deadly crash of a small plane near Little Rock, there were “changing/deteriorating weather conditions from the time of taxi, takeoff, and the accident,” according to a preliminary report Friday from the National … Source: Claims Journal

ANACORTES, Wash. (AP) — Two BNSF trains derailed in separate incidents in Arizona and Washington state on Thursday, with the latter spilling diesel fuel on tribal land along Puget Sound. No injuries were reported. It wasn’t clear what caused either … Source: Claims Journal