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The U.S. is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including AIG and Berkshire Hathaway. The move announced Friday is … Source: Claims Journal

The U.S. National Highway Traffic Safety Administration said on Monday it closed a probe into nearly 2.6 million Tesla vehicles over a feature allowing users to move cars remotely after finding it was linked only to low-speed incidents. The agency … Source: Claims Journal

Reuters compiled a list of the top selling vehicles for the first quarter. A Ford, Chevy and Honda were in the top three spots, although all three models say a drop in sales from the same period last year. The … Source: Claims Journal

In recent days, the operator of an oil tanker stuck in the Persian Gulf received a compelling proposal. After weeks at anchor with missiles and drones passing overhead, it could finally sail safely out through the Strait of Hormuz and … Source: Claims Journal

A Florida public adjuster, already facing prosecution for similar alleged misappropriation in 2024, now stands accused of diverting more than $600,000 in insurance settlements for homeowners hit by Hurricane Ian. Francisco Javier Chaparro-Araus, 46, of All Elements Public Adjusters in … Source: Claims Journal

A judge has dismissed a lawsuit against Fox News, which was sued by a fired journalist who had accused the network of violating sick leave law and also targeting him for political views. Jason Donner lost the sick leave claim … Source: Claims Journal

In a new lawsuit, one of the first three women to officiate an NFL game describes her three years at the pinnacle of her profession as a descent into the grip of a sexist institution unable to treat a woman … Source: Claims Journal

A U.S. judge granted preliminary approval on Thursday to Bank of America’s $72.5 million settlement with women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein. U.S. District Judge Jed Rakoff in Manhattan scheduled an August 27 … Source: Claims Journal

From the rising costs of food and beverage products and the ongoing challenges in the hospitality labor market, restaurants and bars throughout the U.S. must overcome substantial challenges to keep serving their customers. Also, establishments that rely upon liquor sales … Source: Claims Journal

Oil prices climbed to around $110 a barrel on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply. Brent crude futures LCOc1 were up $7.96, or 7.9%, to … Source: Claims Journal