Uncategorized
EU Carmakers Warn Combustion Engine Ban Is No Longer Feasible
European carmakers said the European Union’s planned ban on combustion engines is no longer realistic, warning that climate rules risk weakening the region’s auto industry and its supplier network. In a letter, leaders of the industry’s main lobby groups urged … Source: Claims Journal
Read MorePeloton Must Face Shareholder Lawsuit Over Post-Pandemic Outlook
Peloton Interactive must face a lawsuit claiming it defrauded shareholders by masking excess inventory of its home exercise equipment as the worst of the COVID-19 pandemic passed, a divided federal appeals court ruled on Wednesday. Reversing a lower court ruling, … Source: Claims Journal
Read MoreMost Losses in Destructive Eaton Fire Tied to Conflagration Hazard, Report Shows
When the Eaton Fire burned in Los Angeles County in early January, 75% of the structures in the fire perimeter had a low to moderate wildfire hazard, but they carried a high to very high conflagration hazard. Eighty-four percent of … Source: Claims Journal
Read More20 Years Later, Hurricane Katrina’s Impact Echoes in Models, Mitigation and Reforms
Twenty years after Hurricane Katrina swamped parts of Louisiana and Mississippi, the property insurance sector is better prepared for another catastrophic storm and the litigation that may follow, according to industry leaders. They point to tighter insurance policy language and … Source: Claims Journal
Read MoreHurricane Remnants Threaten Swiss Alps With Floods, Landslides
The remnants of Hurricane Erin will contribute to torrential rain across the Swiss Alps over the next two days, raising the risk of dangerous flooding and landslides. Switzerland’s state forecaster has issued the highest red alerts for parts of Ticino … Source: Claims Journal
Read MoreFord Recalling 355,000 Trucks Over Instrument Panel Issue
Ford Motor Company is recalling more than 355,000 trucks in the U.S over a issue with the instrument panel display, the National Highway Traffic Safety Administration said on Wednesday. The recall affects certain Ford 2025-2026 models – F-550 SD, F-450 … Source: Claims Journal
Read MoreDelta, United Sued for Selling Windowless ‘Window Seats’
Delta Air Lines and United Airlines were sued on Tuesday by passengers who claimed they paid extra money to sit in “window” seats, only to find themselves placed in seats next to a blank wall. Proposed class actions were filed … Source: Claims Journal
Read MoreLoss Adjusting Report Keys on Trends Shaping Property Claims
Tariffs, immigration policies, climate change and artificial intelligence are transforming the property claims landscape, and new report delves into some of those changes and how claims professionals should adapt to them. Sedgwick produced the first in what is planned as … Source: Claims Journal
Read More3 Hyundai and 2 GM Products on Most Affordable New EVs to Insure List
Mercury Insurance compiled a list of the most affordable electric vehicles to insure. The list includes 2025 and 2026 model-year vehicles. Factors examined for the list include claims on similar vehicles, costs to repair and vehicle safety records. Mercury examined … Source: Claims Journal
Read MoreWalmart Recalls Frozen Shrimp Over Potential Radioactive Contamination
Walmart has recalled frozen, raw shrimp sold in 13 states because federal health officials say it could have potential radioactive contamination. The U.S. Food and Drug Administration asked Walmart to pull three lots of Great Value brand frozen shrimp from … Source: Claims Journal
Read More