Posts by Y@DminG

A Michigan-based economic consulting group said on Thursday that automakers will still face a $2,000 to $12,000 tariff impact per vehicle despite the White House moving to soften trade levies on imported auto parts. Anderson Economic Group said U.S. assembled … Source: Claims Journal

Republicans moved a step closer Thursday to repealing a federal waiver allowing California to ban gasoline-powered cars by 2035, a policy that had drawn opposition from automakers, fuel producers and President Donald Trump himself. The U.S. House voted 246-164 to … Source: Claims Journal

Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due to a record $3.3 billion of gross catastrophe losses. The gross loss was partially offset by $1.1 billion of reinsurance … Source: Claims Journal

The probe into the deadly Southern California Eaton fire is likely to take a year or more as authorities examine Edison International’s utility equipment as the possible cause. Source: Claims Journal

Spain’s grid operator denied on Wednesday dependence on solar power was to blame for the country’s worst blackout, while Prime Minister Pedro Sanchez came under increasing pressure to explain what went wrong. With life returning to normal after a power … Source: Claims Journal

There may be some positive among the uncertain economic news as of late for families looking for a vehicle for their teenage driver. There are numerous safe, yet affordable vehicles that can be found if one shops around. The Insurance … Source: Claims Journal

Los Angeles County officials this week approved a $4 billion payout to settle nearly 7,000 claims of sexual abuse in juvenile facilities since 1959. The agreement reached on April 4 far surpasses a $2.6 billion settlement reached in 2022 with … Source: Claims Journal

Cartier owners may be pleased to know the brand has become one the most popular among luxury watches, but a new analysis also shows the watch’s popularity is rapidly rising among criminals. Overall, luxury watch thefts—and insurance fraud—are on the … Source: Claims Journal

Weeks after Tampa-based Heritage Property & Casualty Insurance filed a libel suit against a whistleblower claims adjuster, the adjuster’s lawyer has pushed back. Source: Claims Journal

British supermarket chain Co-op said it was the target of a hacking attempt, just days after Marks & Spencer Group Plc said it suffered a cyber incident that rendered some of the retailer’s systems inaccessible. Co-op recently experienced attempts to … Source: Claims Journal