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Auto Insurer Files $450M Fraud RICO Case in NY
Commercial automobile liability insurer American Transit Insurance Company (ATIC), with specialization in the taxi and for-hire vehicle sector, filed a lawsuit this week seeking more than $150 ...
Congress’ Funding Deal Includes More Than $100B in Disaster Aid
Congressional leaders have unveiled a stopgap spending bill that will keep the federal government funded through March 14 and provide more than $100 billion in emergency aid to help states and local ...
Senate Says Climate Is Causing Insurance ‘Crisis’; Industry Strikes Back
The U.S. Senate Budget Committee on Wednesday held a hearing to release a study they said confirms climate change is increasing non-renewal rates in multiple states, but the insurance industry ...
DARAG Completes Sale of North American and Bermuda Businesses to RiverStone
DARAG Group, the Malta-based legacy acquirer that focuses on the European market, announced it has completed the sale of its North American and Bermuda business entities to the RiverStone Group, a ...
U.S. to Extend Airbag Probe Rather Than Require Vehicle Recall
The National Highway Traffic Safety Administration said on Wednesday it will not seek an immediate recall of airbag inflators in about 50 million U.S. vehicles assembled by 13 automakers and instead ...
Odometer Fraud May Exist in More Than 2M Cars on U.S. Roads
Odometer fraud remains rampant, recent CARFAX data shows. More than 2.14 million cars on the road may have had their odometer rolled back this year, up more than 18 percent since 2021, and up more ...
Amazon Allegedly Rejected Warehouse Safety Recommendations Due to Productivity Concerns
At least two internal Amazon studies found a link between how quickly the online retailer's warehouse workers perform tasks and workplace injuries, but the company rejected many safety ...
Millions of Homeowners May Be Underinsured Due to Secondary Structures: ZestyAI
Millions of U.S. homes are underinsured, not because of any added value in the homes but because additional structures on the homeowner's property have gone unreported and are without protection. ...
Trump Transition Recommends Scrapping Car-Crash Reporting Requirement
The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk's Tesla, according to a document seen by Reuters, a ...