Uncategorized

Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and … Source: Claims Journal

YA Group, an international building consulting and forensic engineering services provider, acquired the business of J.M. Reagan Consulting. The acquisition adds to YA’s presence in Texas. The JMR team will join YA’s Construction Consulting practice. JMR, headquartered in Houston, Texas, … Source: Claims Journal

A Russian court has ruled in favor of Rusal in the aluminum giant’s 104.75-billion-rouble ($1.32 billion) lawsuit against global mining and metals company Rio Tinto, according to court documents. The ruling intensifies a legal battle over a joint alumina refinery … Source: Claims Journal

Target Corp., Walmart Inc. and other large grocery chains were warned by U.S. regulators for continuing to sell ByHeart infant formula that’s been recalled because it’s potentially contaminated with spores that cause botulism. The Food and Drug Administration on Monday … Source: Claims Journal

Washington and the Pacific Northwest are facing multiple rounds of torrential downpours this week, raising flood risks in the region as residents are still grappling with last week’s historic rains. Heavy rain was peaking Monday in Washington, where as much … Source: Claims Journal

The U.S. National Highway Traffic Safety Administration on Monday opened a probe into the recall of 331,401 Jeep vehicles due to improperly installed rear coil springs. A rear coil spring helps the vehicle support its weight and absorb road shocks. … Source: Claims Journal

Allegations that some roofers deliberately damage roofs in order to qualify properties for insurance claims have long been a concern for insurers. This fall, the North Carolina Department of Insurance and North Carolina Farm Bureau decided to do something about … Source: Claims Journal

A settlement paid by stocks rather than money is a covered loss that must be paid by an insurer, the Delaware Supreme Court has affirmed. The state’s high court agreed with a lower court’s ruling that the definition of “loss” … Source: Claims Journal

A California jury on Friday awarded $40 million to two women who said Johnson & Johnson’s baby powder was to blame for their ovarian cancer. The jury in Los Angeles Superior Court awarded $18 million to Monica Kent and $22 … Source: Claims Journal

A U.S. lawmaker has proposed phasing out Chinese-made sensors in self-driving cars and critical infrastructure amid warnings they could be hacked and disabled from space during a conflict, crippling vast U.S. systems in seconds. Raja Krishnamoorthi, a Democrat from Illinois … Source: Claims Journal