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California’s Effort to Hold Oil Companies Liable for Natural Disasters Stalls
California lawmakers have blocked a bill to make oil and gas companies liable for damage to homes from natural disasters caused by climate change, warning it could raise gas prices. The bill would have allowed victims of natural disasters, including … Source: Claims Journal
Read MoreNYC Tourist Helicopter Crashes in Hudson River, Killing Six
A helicopter crashed into the Hudson River on Thursday, the latest in a string of incidents in the past few months that has rattled confidence in aviation safety. Source: Claims Journal
Read MorePlane Carrying New York Lawmakers Clipped at Reagan Airport
A passenger jet carrying at least five members of Congress was clipped by another commercial plane on the ground at Ronald Reagan Washington National Airport. Source: Claims Journal
Read MoreJack Dorsey’s Block to Pay New York $40 Million in Cash App Settlement
Block Inc., the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged anti-money-laundering inadequacies and cryptocurrency compliance failures on its Cash App platform. The New York Department of Financial Services issued the … Source: Claims Journal
Read MoreRoof Repair and Replacement Costs up Nearly 30% Since 2022, Report Shows
Roof repair and replacement cost value totaled nearly $31 billion last year — up nearly 30% since 2022, according to a new report from Verisk. Source: Claims Journal
Read MoreGoldman Cuts US Auto Sales Estimate by Nearly 1 Million Units Due to Tariffs
Goldman Sachs on Thursday cut its estimate for automobile sales in the U.S. for this year by nearly 1 million units, as President Donald Trump’s tariffs make it more expensive to buy a vehicle. While Trump on Wednesday halted reciprocal … Source: Claims Journal
Read MoreWaymo to Begin Data Collection in Tokyo With Driver-Operated Test Rides
Alphabet’s self-driving unit Waymo said on Thursday it will start collecting data in Tokyo with test rides operated by human drivers next week, marking the first time the company will be using its cars on public roads outside the United … Source: Claims Journal
Read MoreSelf-Driving Startup Nuro Raises $106 Million at Lower Valuation
Nuro Inc., the self-driving tech startup founded by two former Waymo engineers, announced a new funding round that it said will support its commercial expansion plans in additional US cities and internationally through 2027. The Mountain View, California-based company raised … Source: Claims Journal
Read MoreNHTSA Estimates Traffic Fatalities in 2024 Were Lowest in Five Years
Early estimates from the National Highway Traffic Safety Administration for traffic fatalities in 2024 indicate that the number of people who died in traffic crashes will reach the lowest point in five years. The NHTSA estimates project that 39,345 people … Source: Claims Journal
Read MoreLA Wildfires Had Little Impact on Reinsurer Risk Appetite During April Renewals
Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for US reinsurance buyers, despite the record losses from California’s January wildfires, according to Aon and Gallagher Re in their renewal reports. Reinsurers continued to demonstrate an appetite … Source: Claims Journal
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