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GM Agrees to 5-Year Ban on Selling Drivers’ Location Data
U.S. automaker General Motors and its subsidiary OnStar agreed not to disclose sensitive vehicle geolocation and driver behavior data to consumer reporting agencies for five years, the U.S. Federal Trade Commission said last week. The agency alleged the largest U.S. … Source: Claims Journal
Read MoreAutomakers Seek Repeal of Biden’s High-Speed Braking Rule
The largest U.S. auto trade group wants a federal court to block a Biden administration rule requiring carmakers to install automatic emergency braking systems on new vehicles that the industry argues is impractical. The Alliance for Automotive Innovation on Friday … Source: Claims Journal
Read MoreInsurers Balk at $19.7M Claim on Fake Basquiat Paintings Seized by FBI
Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were seized during an FBI raid at the Orlando Museum of Art in 2022. The … Source: Claims Journal
Read MoreNHTSA Opens Preliminary Probe into More Than 870,000 GM Vehicles
The U.S. National Highway Traffic Safety Administration said it was opening a preliminary probe into 877,710 vehicles manufactured by General Motors, after receiving reports alleging engine failure. The investigation covers certain Chevrolet Silverado, GMC Sierra, Chevrolet Tahoe, Chevrolet Suburban, GMC … Source: Claims Journal
Read MoreLos Angeles Pushes to Rebuild Homes Fast, Despite Wildfire Danger
California politicians are rushing to make it easier for residents to rebuild their homes incinerated in the Los Angeles firestorms. That means waiving green construction mandates designed to combat climate change — which is driving such conflagrations by making conditions … Source: Claims Journal
Read MoreSchool Employee Kicked 25 Times in 11 Days Denied Workers Comp
A Virginia student assistant who suffered injuries in both knees after being kicked 25 times over a period of 11 days is not entitled to workers’ compensation benefits. The Virginia Workers’ Compensation Commission (WCC) upheld a deputy commissioner’s denial of … Source: Claims Journal
Read MoreFDIC Sues 17 Former Silicon Valley Bank Executives, Directors Over Collapse
The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused the bank’s March 2023 collapse, one of the largest … Source: Claims Journal
Read MoreGallagher: Cyber Insurance Market to Expand as Risks Evolve
While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance … Source: Claims Journal
Read MoreAmex to Pay $230 Million Over Misleading Sales Practices
American Express Co. will pay about $230 million to resolve a long-running investigation into some of the firm’s prior sales practices which regulators said misled small-business owners. Amex reached agreements with federal prosecutors and the Federal Reserve to settle the … Source: Claims Journal
Read MoreCalifornia Workers’ Comp Public Self-Insured Losses Rise Despite Claim Volume Decline
Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number of claims fell, a new report shows. The California Workers’ Compensation Institute reviewed the initial report on fiscal … Source: Claims Journal
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