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Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red Sea, another sign of how Houthi attacks in the area are punishing the commercial interests of vessels with ties to the west. The militants began … Source: Claims Journal

Executives at Elon Musk’s SpaceX discriminated against women, joked about sexual harassment and fired workers for raising concerns, seven former employees allege in California civil rights complaints viewed by Bloomberg. The California-based workers, who were fired in 2022 after circulating … Source: Claims Journal

In the insurance world, 2024 brings forth many challenges and transformative trends. From the escalating global risks, such as climate change and cyber threats, to the evolving role of insurers as societal safety nets, the industry is on the brink … Source: Claims Journal

Honda Motor Co said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy unintentionally during a crash. The front passenger seat weight sensor may crack and short circuit, failing … Source: Claims Journal

CoreLogic estimated that across the greater Los Angeles area, nearly 543,000 single- and multifamily homes with a combined reconstruction cost value (RCV) of more than $258 billion are at risk of flash flood damage. Reconstruction cost value is the cost … Source: Claims Journal

Hurricane Ian caused extensive damage in southwest Florida, with more than 37,000 National Flood Insurance Program claims, making it the fourth-most expensive flood disaster in U.S. history, says a new report from the Federal Emergency Management Agency. As other studies … Source: Claims Journal

The risk of flash flooding and landslides persists for 21 million people across California as rains from a deadly atmospheric river keep falling throughout the day. Flood watches continue across Southern California, where about an additional 0.5 to 0.75 inch … Source: Claims Journal

Bayer AG suffered a blow to its efforts to put a lid on the expensive and long-running litigation over its Roundup weedkiller, as a US appeals court ruled against it. In an opinion Monday, the 11th US Circuit Court of … Source: Claims Journal

A New York university-connected research foundation has filed a lawsuit against Japan chip materials maker JSR 4185.T, court documents show, saying the company has commercialized its technology without permission. JSR is a top manufacturer of photoresists, which are chemicals used … Source: Claims Journal

Britain’s most prominent business group, the Confederation of British Industry, has reached a settlement with its former chief Tony Danker who was dismissed following complaints of workplace misconduct. Danker was sacked as director general of the CBI last April after … Source: Claims Journal