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States Pressure Hyundai, Kia to Do More to Tackle Theft Risk
A group of 22 U.S. state attorneys general on Monday blasted Hyundai Motor and Kia Corp. and said they need do more to address problems with millions of U.S. vehicles that are prone to theft. Last month, the Korean automakers … Source: Claims Journal
Read MoreGov. DeSantis Suggests Citizens Insurance ‘Not Solvent;’ Board Approves Cat Bond
Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has “not been solvent” and may be unable to pay all claims from a major hurricane. The head-scratching comments came just … Source: Claims Journal
Read MoreLouisiana Supreme Ct. Reverses, Finds No Coverage Owed for COVID Shutdown
The Louisiana Supreme Court has joined state high courts across the nation in rejecting a policyholder’s business-interruption claim for income lost because of government restrictions imposed to slow the spread of COVID-19. The high court on Friday reversed the Louisiana … Source: Claims Journal
Read MoreNorfolk Southern Shareholders Sue over Ohio Derailment
Norfolk Southern Corp. shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month’s derailment of a train carrying hazardous chemicals in East Palestine, Ohio. In a lawsuit filed on Thursday in Columbus, Ohio, … Source: Claims Journal
Read MoreScratched EV Battery? Your Insurer May Have to Junk the Whole Car
LONDON/DETROIT — For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and undercutting gains from … Source: Claims Journal
Read MoreEarly Report Shows Strong Winds During Arkansas Plane Crash
LITTLE ROCK, Ark. (AP) — During last month’s deadly crash of a small plane near Little Rock, there were “changing/deteriorating weather conditions from the time of taxi, takeoff, and the accident,” according to a preliminary report Friday from the National … Source: Claims Journal
Read MoreBNSF Trains Derail in Washington, Arizona; No Injuries
ANACORTES, Wash. (AP) — Two BNSF trains derailed in separate incidents in Arizona and Washington state on Thursday, with the latter spilling diesel fuel on tribal land along Puget Sound. No injuries were reported. It wasn’t clear what caused either … Source: Claims Journal
Read MoreEcuador Earthquake Kills at Least 12, Causes Wide Damage
QUITO, Ecuador (AP) — A strong earthquake shook southern Ecuador and northern Peru on Saturday, killing at least a dozen people, trapping others under rubble, and sending rescue teams out into streets littered with debris and fallen power lines. The … Source: Claims Journal
Read MoreParent of Silicon Valley Bank Seeks Bankruptcy Protection
The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection. SVB Financial Group, along with its CEO and its chief financial officer, were targeted this week in a class action lawsuit … Source: Claims Journal
Read MoreSpain: Long-Term Drought to Bring More Heatwaves, Wildfires
MADRID (AP) — Spain has officially entered a period of long-term drought, owing to high temperatures and low rainfall over the past three years, and likely faces another year of heatwaves and forest fires. The country’s Aemet weather agency said … Source: Claims Journal
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