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TCW Group Inc. was sued by former group managing director Jess Ravich, who claims the asset manager made up grounds to fire him following a sexual harassment accusation in order to deny him tens of millions of dollars. The lawsuit … Source: Claims Journal

Four Los Angeles area residents were arrested after a California Department of Insurance investigation reportedly found the suspects allegedly committed insurance fraud by claiming a bear had caused damage to their vehicles. It turns out it was a person in … Source: Claims Journal

Fewer workers are dying from hazards where the federal safety resources have been focused, according to a new report. Preliminary agency data show a decrease in fatalities the U.S. Department of Labor’s Occupational Safety and Health Administration is mandated to … Source: Claims Journal

Jeremy Braud joined Aspire General Insurance as vice president of casualty claims. Braud has more than 20 years of industry experience, most recently as regional claims manager at National General. Previous roles include unit manager at AIG Personal Lines Claims … Source: Claims Journal

Flooding is a peril that took center stage this year amid an active Atlantic Hurricane season, a fact that’s highlighted in a new report. The National Insurance Flood Program is expected to face total losses between $8.2 billion and 10.5 … Source: Claims Journal

Tesla said on Wednesday it was recalling 2,400 Cybertruck pickups in the U.S. because a faulty part could lead to a loss of power and increase the risk of a crash, in its sixth callback of Cybertrucks this year. A … Source: Claims Journal

Meta Platforms Inc. will face a somewhat scaled-back antitrust trial over its alleged dominance of social networking after a federal judge threw out some allegations by the U.S. Federal Trade Commission, but the heart of the case remains. In a … Source: Claims Journal

Home Depot Inc. lifted its forecast for a key sales metric after adverse weather propped up demand for home-improvement materials in the latest quarter. Comparable sales declined 1.3% in the period ending Oct. 27, better than what Wall Street analysts … Source: Claims Journal

Wildfires that are raging across New York and New Jersey highlight a new threat to one of the world’s most affluent regions. Climate change is regarded by scientists as the pre-eminent factor driving long-term changes in weather, and the New … Source: Claims Journal

General Motors will recall 461,839 vehicles over an issue with transmission, the National Highway Traffic Safety Administration said on Wednesday. The recall involves some models of 2020-2022 Chevrolet Silverado, GMC Sierra, 2021 Cadillac Escalade, Chevrolet Tahoe and GMC Yukon, among … Source: Claims Journal