Posts by Y@DminG

Southern California Edison will begin its first close-up physical inspections of certain power equipment under investigation for possible links to the start of the Eaton Fire in Los Angeles early this year, Edison International CEO Pedro Pizarro told Reuters at … Source: Claims Journal

Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives and representatives of a consumer group pled their opposing cases in letters to Commissioner Ricardo Lara. News outlets in California … Source: Claims Journal

Property claims volume rose 36% in 2024, driven by a massive rise in catastrophe claims thanks in part to a severe Atlantic hurricane season, a new report shows. Verisk issued its Q4 Property Report on Thursday, which shows the rise … Source: Claims Journal

The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and $100 … Source: Claims Journal

Canada’s biggest auto parts names are buckling under the weight of U.S. President Donald Trump’s tariff threats as the chances the North American car manufacturing industry will stall grow. That’s sending stock prices hurtling back down toward levels last seen … Source: Claims Journal

The Trump administration is launching a sweeping overhaul of U.S. environmental mandates in a campaign it billed as the “biggest deregulatory action” of its kind in U.S. history. The Environmental Protection Agency said Wednesday it will formally reconsider more than … Source: Claims Journal

The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network. The Australian Securities and … Source: Claims Journal

A year after Elon Musk urged U.S. companies to abandon Delaware as their legal home and follow Tesla to Texas, legislators in the two states on Wednesday considered bills in an unusual battle over corporate law that critics say benefits … Source: Claims Journal

A San Jose, California, body shop owner was charged with insurance fraud following an undercover sting operation that reportedly revealed he jacked an insurance damage estimate on a bait car. The operation, led by investigators from the Santa Clara County … Source: Claims Journal

“Fire took everything, please help.” The headline was one of hundreds like it on GoFundMe campaigns that launched even as the embers of the fires in the Pacific Palisades and Altadena were still smoldering. They were a grim reminder that … Source: Claims Journal