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U.S. Firms Warn Against ‘Unprecedented’ Hong Kong Cyber Rules
US firms have warned that proposed cyber regulations could grant the Hong Kong government unusual access to their computer systems, highlighting the latest challenge to Western tech giants in the city. The Asia Internet Coalition, which includes Amazon.com Inc., Alphabet … Source: Claims Journal
Read MoreBMW Recalls Over 720,000 Vehicles Over Short Circuit Concern, NHTSA Says
BMW is recalling 720,796 U.S. vehicles over concerns of a short circuit, the National Highway Traffic Safety Administration said on Tuesday. “An improperly sealed electrical connector on the water pump may be exposed to water and short circuit,” the NHTSA … Source: Claims Journal
Read MoreMississippi Poultry Plant Settles With OSHA After Teen’s 2023 Death
A Mississippi poultry processing plant has agreed to a settlement with the U.S. Department of Labor that requires it to pay $164,814 in fines and put in place enhanced safety measures following the death of a 16-year-old boy at the … Source: Claims Journal
Read MoreBoeing Criminal Plea Deal Should Be Accepted, U.S. DOJ Says
A plea deal struck with Boeing over a criminal charge related to software tied to two fatal 737 MAX crashes should be accepted, the U.S. Justice Department said on Wednesday, after some relatives of the 346 people killed in two … Source: Claims Journal
Read MoreRAND Study Eyes Impact of Legal System Abuse and Social Inflation
A study from RAND found that rising litigation rates, trial awards and claim severity are consistent with the expected effects of social inflation. The study, What Is the Evidence for Social Inflation? Trends in Trial Awards and Insurance Claim Payments, … Source: Claims Journal
Read MoreCrawford Launches ‘Japan Connect’ Across Asia
Crawford & Company, a claims management company, has announced the creation of a claims handling model designed specifically for Japanese-based insurers and companies with interests across Asia. In a press release, Crawford described the model, named Japan Connect, as a … Source: Claims Journal
Read MoreU.S. FAA Requires Inspections of Boeing 787 Planes Following Mid-Air Dive
The U.S. Federal Aviation Administration said on Monday it would require inspections of Boeing Dreamliners following an incident in March when a LATAM Airlines plane went into a sudden mid-air dive that injured more than 50 passengers. The FAA said … Source: Claims Journal
Read MorePilgrim’s Pride Agrees to $100M Settlement Over Chicken Farmers’ Pay
Pilgrim’s Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final and by far the largest settlement in the seven-year-old antitrust case. A preliminary … Source: Claims Journal
Read MoreWhy Onsite Inspections Are Essential for Accurate Large Loss Property Damage Claims
In the complex and high-stakes world of large loss property damage claims, the importance of onsite inspections cannot be overstated. Although the rise of technology has introduced remote assessments as a convenient and cost-effective alternative, the benefits of physically being … Source: Claims Journal
Read MoreReport: Auto Insurance Shopping Continued to Rise, but Rates Stabilized in Q2
Auto insurance shopping volume set a new record for the second consecutive quarter, according to a new report that shows the number of U.S. consumers shopping for auto insurance was up 7% compared to the same period a year ago. … Source: Claims Journal
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