Uncategorized

New testing shows progress in advancements in automatic emergency braking systems, with 22 of the latest 30 vehicles evaluated earning a good or acceptable rating, which requires systems to be able to prevent or substantially mitigate crashes at higher speeds, … Source: Claims Journal

An analysis of the insurance industry’s cybersecurity posture shows nearly a quarter of companies received unsatisfactory scores. A recent cybersecurity report by SecurityScorecard highlighted critical insights into various risks concerning the insurance sector, indicating weaknesses in third-party relationships, the power … Source: Claims Journal

The chief executive officer of Cybereason Inc. sued two investors — former Treasury Secretary Steven Mnuchin and the SoftBank Vision Fund — accusing them of putting the company at risk of bankruptcy by rejecting multiple plans for a much-needed capital … Source: Claims Journal

A renewed and expanded effort from chemical giant Bayer to shield itself from lawsuits that claim its popular weedkiller Roundup causes cancer brought dozens of protesters to the Iowa Capitol building Monday begging lawmakers to reject it. The legislation, pending … Source: Claims Journal

A federal judge in Delaware on Tuesday said that a former competitor of Thomson Reuters was not permitted by U.S. copyright law to copy the information and technology company’s content to build a competing artificial intelligence-based legal platform. U.S. Circuit … Source: Claims Journal

Utility company Hawaiian Electric on Tuesday welcomed the Hawaii Supreme Court’s decision towards finalizing the more than $4 billion settlement related to the 2023 Maui wildfires saying it was favorable to the company. The state’s top court had ruled against … Source: Claims Journal

Ford Motor Co. Chief Executive Office Jim Farley will travel to Washington on Wednesday to warn members of Congress that the 25% tariffs President Donald Trump has proposed on Canada and Mexico would “blow a hole” in the US auto … Source: Claims Journal

Insurers paid out a record £585 million (U.S. $724.7 million) for weather-related damage to people’s homes and possessions in 2024 in the United Kingdom, according to the latest data from the Association of British Insurers. The record claims come following … Source: Claims Journal

Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers Companies Inc. announced Tuesday it will lose an estimated $1.7 billion from last month’s wildfires, which swept through the region … Source: Claims Journal

A former UBS bond strategist who persuaded the U.S. Supreme Court to make it easier for corporate whistleblowers to win retaliation lawsuits suffered a setback on Monday, as a jury verdict awarding him back pay and other damages was thrown … Source: Claims Journal