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Trump Administration Wants North American Auto Content at 82%, With Half From US
The Trump administration wants to increase the level of regional content in North American-built vehicles to 82% to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement on trade, with 50% of that value produced in the United States, four people … Source: Claims Journal
Read MoreEx-Shield AI Worker Sues Over ‘Profane, Egregious’ Acts by Senior Official
A new lawsuit accuses a senior official at Shield AI of “profane, egregious acts” of sexual harassment and alleges fraud and safety issues involving other workers at the defense tech startup. Jacob Miller said in his lawsuit that he was … Source: Claims Journal
Read MoreStellantis Recalling 419K US Vehicles for Improper Side Air Bag Deployment
Chrysler-parent Stellantis is recalling 419,035 vehicles in the U.S. as a software error could delay the side air bags from deploying during a crash, the U.S. National Highway Traffic Safety Administration said on Friday. This would leave the vehicles non-compliant … Source: Claims Journal
Read MoreMade-in-China EVs Enter Canada Under Deal Carney Struck With Xi
Chinese-made electric vehicles are beginning to arrive in Canada under a new arrangement that Prime Minister Mark Carney agreed to in January during a visit with China’s President Xi Jinping. The cars will be the first to be imported by … Source: Claims Journal
Read MoreJefferies Sued by Fund Investors Alleging Water Firm Fraud
Jefferies Financial Group Inc. has been hit with an investor class action lawsuit over bond purchases made by its 352 Capital fund in a water vending machine firm that federal prosecutors have called a scam. According to the complaint filed … Source: Claims Journal
Read MoreCourt Overturns Insulet’s $59M Insulin-Pump Trade Secret Verdict
A U.S. appeals court on Thursday overturned a $59 million verdict that medical device maker Insulet won against Korean rival EOFlow for allegedly stealing trade secrets related to its insulin-pump technology. The Washington-based U.S. Court of Appeals for the Federal … Source: Claims Journal
Read MoreTrump Files Fresh $10 Billion Suit Over WSJ’s Epstein Story
President Donald Trump filed a new version of his $10 billion libel lawsuit against the Wall Street Journal and its parent company News Corp. over an article about his alleged close ties to Jeffrey Epstein, after an earlier version of … Source: Claims Journal
Read MoreMoody’s: US Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event
The U.S. faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the nation to more than $375 billion in aggregated uninsured flood losses from a 1-in-100-year event, according to a new whitepaper from … Source: Claims Journal
Read MoreAggregate Limits Do Not Apply to Environmental Claims, Ninth Circuit Rules
In the case of County of San Bernardino v. Insurance Company of the State of Pennsylvania, the Ninth Circuit recently addressed the issue of whether general liability policies issued in the 1960s and 1970s included aggregate limits for claims arising … Source: Claims Journal
Read MoreAustralia Sues 3M For $1.4B Over PFAS ‘Forever Chemicals’ Contamination
The Australian government said on Thursday it had launched legal action against 3M over contamination from firefighting foam supplied by the U.S. company that contained PFAS, or “forever chemicals,” seeking more than A$2 billion ($1.43 billion) in damages. The claim … Source: Claims Journal
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