Archive for November 2024

Meta Platforms Inc. will face a somewhat scaled-back antitrust trial over its alleged dominance of social networking after a federal judge threw out some allegations by the U.S. Federal Trade Commission, but the heart of the case remains. In a … Source: Claims Journal

Home Depot Inc. lifted its forecast for a key sales metric after adverse weather propped up demand for home-improvement materials in the latest quarter. Comparable sales declined 1.3% in the period ending Oct. 27, better than what Wall Street analysts … Source: Claims Journal

Wildfires that are raging across New York and New Jersey highlight a new threat to one of the world’s most affluent regions. Climate change is regarded by scientists as the pre-eminent factor driving long-term changes in weather, and the New … Source: Claims Journal

General Motors will recall 461,839 vehicles over an issue with transmission, the National Highway Traffic Safety Administration said on Wednesday. The recall involves some models of 2020-2022 Chevrolet Silverado, GMC Sierra, 2021 Cadillac Escalade, Chevrolet Tahoe and GMC Yukon, among … Source: Claims Journal

Claims from collisions involving battery electric and internal combustion engines rose compared with last year while claims frequencies also rose, according to a new report that also shows a growing parity in loss outcomes of collisions involving battery electric vehicles … Source: Claims Journal

Major technology companies working with U.K. finance firms will face closer scrutiny, regulators said on Tuesday, as they set out long-awaited new rules to tackle potential risks posed by critical third-party suppliers. Under regulations coming into force starting Jan. 1, … Source: Claims Journal

Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil spill in Santa Barbara, a filing showed on Tuesday. The spill occurred after a pipeline, which ran across California’s coastline, … Source: Claims Journal

Sedgwick announced the closing of a minority investment led by Altas Partners, a North American private equity firm. Current investors, including funds managed by global investment firm Carlyle and Stone Point Capital LLC, will remain as investors and continue to … Source: Claims Journal

Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The Mayfield, Ohio-based insurer late last week said the decision to discontinue writing the coverage, often dubbed “landlord insurance,” for non-primary … Source: Claims Journal

Firefighters battled strong driving a fast-moving Southern California wildfire that forced the evacuations of thousands of people and destroyed at least 168 structures. Containment of the Mountain Fire in Ventura County increased to 48%. The fire has now burned 20,630 … Source: Claims Journal