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West Texas Ranchers Face Losses After Historic Wildfires
There are burned spots on Jay O’Brien’s ranch outside Stinnett that predate the Smokehouse Creek fire. Over the last several months, small fires — ones that weren’t pushed by strong winds or grew out of control — scarred his pastures … Source: Claims Journal
Read MoreBiden’s Newest Rule on Auto Emissions Set to Boost Electric Car Sales
The Biden administration moved Wednesday to throttle pollution from the nation’s cars and light trucks, imposing tailpipe emission limits so stringent they will compel automakers to rapidly boost sales of battery-electric and plug-in hybrid models. Though the near-term requirements were … Source: Claims Journal
Read MoreBoeing Needs More Focus on Safety and Quality, FAA Chief Says
Boeing Co. needs to shift its focus from the business of making planes toward safety in the wake of recent findings on lapses surrounding the January failure of a fuselage panel, the top US aviation regulator said. Federal Aviation Administration … Source: Claims Journal
Read MoreKLM Loses Dutch Greenwashing Case on Climate Advertising
Dutch airline KLM misled customers through advertisements that suggested its flights are climate friendly, an Amsterdam court ruled. KLM makes climate claims in advertisements that are “based on vague and general statements about environmental benefits, thereby misleading consumers,” the district … Source: Claims Journal
Read MoreExpert: ‘Unceasing Onslaught’ of Legal Ads Worth Insurance Industry Attention
Often alarming, misleading or just plain annoying — when mass tort lawsuit advertisements pop on a TV screen, many consumers instinctually reach for the remote. An expert believes that the ads are worth your attention. “Especially for those in the … Source: Claims Journal
Read MoreUFC’s Owner Settles Lawsuits With Fighters for $335 Million
TKO Group Holdings Inc., parent of the Ultimate Fighting Championship mixed-martial arts league, settled two class-action lawsuits involving its fighters for a total of $335 million. The settlement will be paid in installments over an agreed upon period of time, … Source: Claims Journal
Read MoreMarsh: Transactional Risk Insurance ‘Remained Resilient’ in 2023
Despite a drop in the total number of global mergers and acquisitions, demand for transactional risk insurance “remained resilient” in 2023, Marsh announced in its annual transactional risk report. Data from the Institute for Mergers, Acquisitions & Alliances showed 39,603 … Source: Claims Journal
Read More650,000 Residential Properties Hit by Severe Hail in Central US Storms
A severe convective storm system spawned softball-sized hail and destructive tornadoes across the central U.S. last week, leaving meteorologists to speculate if warmer winter weather is behind the storm outbreak. As parts of the Midwest recover from the March 13-14 … Source: Claims Journal
Read MoreApple Must Face Suit Claiming AirTags Are Weapon of Stalkers
Apple Inc. lost a bid to dismiss a lawsuit alleging that its AirTag devices help stalkers track their victims. US District Judge Vince Chhabria in San Francisco ruled Friday that three plaintiffs in the class-action suit had made sufficient claims … Source: Claims Journal
Read MoreGeorgia Lawmakers Approve End to Direct-Action Suits Against Trucking Insurers
A bill that would end direct-action lawsuits against trucking insurers is rolling toward the governor’s desk after it was approved by the full House of Representatives this week. Senate Bill 426, heralded as a way to encourage more insurance carriers … Source: Claims Journal
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