Archive for April 2025

A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way through state Legislature. Assembly Bill 226, the FAIR Plan Stabilization Act, passed out of the Assembly 72-0. Related: California OKs … Source: Claims Journal

Vehicle buyers in Canada are trying to beat the price hikes of a trade war, as the government of Prime Minister Mark Carney prepares to strike back against the latest fusillade of import taxes from the White House. U.S. President … Source: Claims Journal

Deutsche Bank AG’s investment arm DWS agreed to pay €25 million ($27 million) to end a long-running German investigation into alleged greenwashing, in a similar settlement to the one it struck with U.S. regulators in 2023. DWS gave a false … Source: Claims Journal

Three-quarters of small businesses reported a workplace injury in the past year, while mental health-related injuries grew to become the most common workplace injury, a report using data from more than 1,000 small business owners shows. The report examines the … Source: Claims Journal

The U.K. government will pass legislation compelling companies providing IT services to critical national infrastructure to improve their cyber defenses after a wave of attacks by Russia, China, Iran and North Korea. As many as 1,000 firms will fall under … Source: Claims Journal

RYZE Claims Solutions has acquired Leading-Edge Claims Service and Acorn Claims in separate deals. Leading-Edge will operate as a division of RYZE, and its founder, Troy Hansen, will lead operations. Southlake, Texas-based Leading-Edge Claims Service is a provider of claims … Source: Claims Journal

Volkswagen AG, Renault SA and Stellantis NV were among the hardest hit in a €458 million ($495 million) package of fines dished out by the European Union against carmakers for participating in an illegal cartel for the recycling of end-of-life … Source: Claims Journal

The question has come up wondering if smoke damage is covered for those homes that were impacted by the Los Angeles wildfires but were not damaged by the actual fires. A cloud of smoke from a fire is larger than … Source: Claims Journal

One of California’s most famed art institutions, the Getty, is turning to the bond market for $500 million to help preserve its masterpieces as the state prepares for another fire-prone summer. The J. Paul Getty Trust is expected to sell … Source: Claims Journal

Johnson & Johnson shares fell the most in five years after the company’s plan to settle thousands of talc-related lawsuits through bankruptcy was shot down in court. The ruling means J&J will have to fight roughly 60,000 claims brought by … Source: Claims Journal