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Fire Risk Prompts BMW Recall of 1 Million Cars
BMW is recalling more than 1 million cars and SUVs in two U.S. recalls due to the risk of fires under the hood, and it’s recommending that they be parked outdoors until repairs are made. A spokesman for the German … Source: Claims Journal
Read MoreMassachusetts Case Considers School Liability for Student Suicides
Han Nguyen was consumed by depression and struggling to stay afloat at one of the world’s most prestigious universities. His mental health continued to decline until one day, moments after a professor confronted him about an offensive email, the 25-year-old … Source: Claims Journal
Read MoreConnecticut to Create Insurer to Assist Homeowners With Crumbling Foundations
Connecticut legislators are looking to help hundreds, if not thousands, of homeowners whose foundations are crumbling because of an iron sulfide found in the concrete by creating the state’s own insurance company. The newly minted state budget includes language establishing … Source: Claims Journal
Read MoreFailing to Initiate Settlement Negotiations is Risky Business
Two recent cases have addressed insurance company extracontractual exposure for failing to initiate settlement negotiations. In Stalley v. Allstate Insurance Co., 2016 WL 1752764 (M.D. Fla. April 29, 2016) the court considered the so-called “Powell rule” where the insurance company … Source: Claims Journal
Read MoreCalifornia Wildfire Victims Face Choice: Rebuild Fast or Better
The most destructive complex of wildfires in California history wreaked most of its damage and deaths among housing subdivisions in this San Francisco Bay Area bedroom town, leaving survivors with little but white ash and hard choices: Rebuild quickly as … Source: Claims Journal
Read MoreNew Laws Emphasize States’ Push to Keep Highway Left Lanes Open for Passing
From stricter laws to public service campaigns and pleading electronic road signs, states have a message for the drivers clogging the inside lanes of the nation’s highways: Get the heck out of the way! Few things infuriate drivers more than … Source: Claims Journal
Read MoreWashington County Cleared Suit Over Elderly Juror Who Froze to Death
Local government officials were not negligent in the death of an elderly man who had reported for jury duty and was later found covered with snow outside a Washington state courthouse, jurors ruled. Kay Mita, 84, reported for jury duty … Source: Claims Journal
Read MoreDisaster Losses Cut Q3 Berkshire Hathaway Profits by 43%
Warren Buffett’s Berkshire Hathaway Inc. said Friday that its third-quarter profit fell 43 percent because of a $1.4 billion insurance underwriting loss from Hurricanes Harvey, Irma and Maria and earthquakes in Mexico. The Omaha, Nebraska-based conglomerate owns Geico and several … Source: Claims Journal
Read MoreGoogle, AutoNation Partner on Self-Driving Car Program
Google is partnering with AutoNation, the country’s largest auto dealership chain, in its push to produce self-driving cars for wide use. AutoNation said Thursday that its dealerships will provide maintenance and repairs for Waymo’s self-driving fleet of Chrysler Pacifica vehicles. … Source: Claims Journal
Read MoreAIG Earnings Miss Estimates on Storms
Even with one of the costliest hurricane seasons on record, large insurers in the U.S. tended to post third-quarter results that topped Wall Street’s estimates. The exception is American International Group Inc. AIG announced Thursday that its loss for the … Source: Claims Journal
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