Posts by Y@DminG

The Transportation Department paved the way for looser U.S. fuel economy standards on Friday by declaring that former President Joe Biden’s administration exceeded its authority by assuming high uptake of electric vehicles in calculating rules. The department made the declaration … Source: Claims Journal

Chevron CEO Mike Wirth told employees they needed to reinforce safety standards after a growing number of injury near-misses in an internal video message on April 29, just weeks before three workers died due to a fire on one of … Source: Claims Journal

Cybersecurity investigators noticed a highly unusual software crash — it was affecting a small number of smartphones belonging to people who worked in government, politics, tech and journalism. The crashes, which began late last year and carried into 2025, were … Source: Claims Journal

Hedge funds are facing pushback in California as their bets tied to insurance claims stemming from the Los Angeles wildfires are attacked as unethical. The transactions in focus are tied to so-called subrogation claims, which hedge funds, private equity firms … Source: Claims Journal

Reserv Inc., a tech-focused third-party administrator, completed its $25 million Series B funding round. The oversubscribed round, led by Flourish Ventures with full pro-rata participation, also included Accenture Ventures, bringing Reserv’s reported total funding to $55 million. The company said … Source: Claims Journal

OpenAI is appealing an order in a copyright case brought by the New York Times that requires it to preserve ChatGPT output data indefinitely, arguing that the order conflicts with privacy commitments it has made with users. Last month, a … Source: Claims Journal

The Doan Group has expanded its footprint with a new franchise operation covering the entire state of South Carolina. Nathan Loy, an auto appraiser with three years of field experience, will lead the franchise. The Doan Group, headquartered in Covington, … Source: Claims Journal

Some homeowners who lost their homes in the Los Angeles wildfires have filed lawsuits against three large insurers over claims payouts they say didn’t cover their losses. The lawsuits were filed in Los Angeles County Superior Court this week. They … Source: Claims Journal

Hong Kong’s weather bureau is tracking a tropical disturbance spinning in the warm waters east of the Philippines, which may develop into the first typhoon of the season next week. The low-pressure system may enter the South China Sea and … Source: Claims Journal

Credit Suisse’s $440 million London lawsuit against Japan’s SoftBank Group Corp kicked off on Thursday over losses linked to Greensill Capital, with the collapsed finance firm’s founder Lex Greensill expected to give evidence next week. The case, which centers on … Source: Claims Journal