Carmaker Stellantis said on Wednesday it is recalling 54,000 hybrid crossover SUVs worldwide because the brake pedal in the vehicles could disengage and stop working. The recall, the company said, includes some 2024 through 2025 model-year Alfa Romeo Tonale plug-in …
The US Supreme Court let the Environmental Protection Agency move ahead with its stringent new emissions limits for power plants, rebuffing businesses and Republican-run states that complained the rule will impose exorbitant compliance costs. The high court order is a …
Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re’s latest Nat Cat report. The total economic loss from natural perils in the first three quarters of …
Facebook parent company Meta must face lawsuits by U.S. states accusing it of fueling mental health problems among teens by making its Facebook and Instagram platforms addictive, a federal judge in California ruled on Tuesday. Oakland-based U.S. District Judge Yvonne …
Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind. Verisk’s Extreme Event Solutions group said the range includes privately insured losses to onshore property …
Lufthansa has agreed to pay a $4 million penalty for allegedly discriminating against Jewish passengers who were trying to board a connecting flight in Frankfurt in May 2022, the U.S. Transportation Department said on Tuesday. Lufthansa prohibited 128 Jewish passengers, …
Deductibles serve several purposes. They provide some premium relief for the insured. They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not …
Google is endorsing a bill that would require people filing lawsuits to disclose who will be paying for – and profiting from – the litigation. The bill, introduced last week by California Republican Representative Darrell Issa, would require plaintiffs to …
A former employee of the Insurance Information Institute is suing his former boss and the organization’s owners on allegations of discrimination and retaliation. Michael Barry, who worked at Triple-I for more than 17 years and was a senior vice president, …
British drugmaker GlaxoSmithKline sued Moderna in federal court in Delaware on Tuesday, accusing its American rival of violating GSK’s patent rights in messenger RNA (mRNA) technology with its blockbuster COVID-19 vaccine Spikevax. According to the two lawsuits, Moderna’s lipid nanoparticles …
