News
Fire Risk Leads Hyundai and Kia to Recall 3.4M Vehicles, Owners Urged to Park Outside
Hyundai and Kia are recalling nearly 3.4 million vehicles in the U.S. and telling owners to park them outside due to the risk of engine compartment fires. The recalls cover multiple car and SUV ...
Homeowners InsurTech Openly Raises $100M in Series D
Homeowners InsurTech Openly announced it has raised $100 million in Series D funding. The round was led by Eden Global Partners, a financial institution specializing in providing long term capital ...
The Latest Launches from LexisNexis Risk Solutions, The Hartford, Arch Insurance
LexisNexis Risk Solutions announced the launch of LexisNexis C.L.U.E. Auto Damage 360. LexisNexis C.L.U.E. Auto is a claims history database, and C.L.U.E. Auto Damage 360 continues its tradition of ...
Insurance Broker in Menendez Corruption Case Allegedly Got Senator’s Help With Fraud Case
The defendants in the corruption case involving U.S. Senator Robert Menendez include a former New Jersey insurance broker who was convicted of premium fraud in 2011 and lost his insurance license. ...
Homeowners Remain Ill-Prepared for Water Damage Losses
New research highlights homeowners' lack of preparedness for non-weather-related water damage, despite water damage ranking as the second most prevalent cause of insurance loss claims. The Hanover ...
Class Action Against USAA; Failure to Pay Lessees Residual Value of Totaled Cars Alleged
A recently filed class action lawsuit in a California District Court accuses USAA General Indemnity Company of deceptive and unfair practice for failing to pay insureds the amount owed after leased ...
California Tesla Trial Over Autopilot Fatality Begins
Opening statements are set to begin today in the first U.S. trial over allegations that Tesla's Autopilot driver assistant feature led to a death, and its results could help shape similar cases ...
Overgrown Gully, Stubborn Embers May Be Key to Maui Fire Probe
Melted remains of an old car tire. Heavily burned trees. A charred stump of an abandoned utility pole. Investigators are examining these and other pieces of evidence as they seek to solve the mystery ...
McKinsey Agrees to Pay $230 Million to Settle More Opioid Suits
McKinsey & Co. is poised to pay $230 million in its latest settlement of lawsuits blaming the company for its role advising opioid manufacturers in their sales of the ...