Posts by Y@DminG

Chinese electric vehicle maker Xiaomi said on Friday that it will set up a committee of advisers to assess the safety of its cars, as it moves to combat rising criticism over a recent spate of accidents. The company also … Source: Claims Journal

When smoke rapidly engulfed his home in Oregon, retired firefighter Fred Cuozzo rushed away in his pickup truck and nearly died from swerving around flames. All but one structure on his rural 16-acre lot was destroyed by the 2020 fire. … Source: Claims Journal

State Farm Mutual Automobile Insurance Co. will pay a $5 billion cash dividend to its auto-insurance customers after posting strong underwriting profits. The payments average $100 per vehicle, State Farm said in a statement. It’s the largest dividend in the … Source: Claims Journal

The former competition director of Joe Gibbs Racing claimed the Pro Football Hall of Fame coach is suing him for “daring to leave” the NASCAR team when the situation surrounding Gibbs’ grandson became untenable at the organization. Chris Gabehart admitted … Source: Claims Journal

Stellantis NV is considering tapping electric-vehicle technology from its Chinese partner Leapmotor to help lower costs across its mass-market European brands such as Fiat, Opel and Peugeot, according to people familiar with the plans. The manufacturer is weighing an expansion … Source: Claims Journal

When a commercial truck is involved in a serious accident, claims professionals face a complex investigation with multiple parties, extensive regulations and potentially massive exposure. As an attorney who has handled hundreds of these cases from the plaintiff’s side, I … Source: Claims Journal

A federal judge this week granted Marsh its request to prohibit a group of employees who left for Howden US from using its confidential information, soliciting other former employees, and trying to acquire current and prospective Marsh clients. An opinion … Source: Claims Journal

Texas said Vanguard Group Inc. agreed to pay a total of $29.5 million to settle a lawsuit brought by a dozen states that accused the asset manager of colluding to manipulate the energy market and reduce coal output. As part … Source: Claims Journal

Walmart agreed to pay $100 million to settle a suit by the FTC and a group of states alleging the company withheld tips and misrepresented wages to order drivers. Source: Claims Journal

Ford Motor said Thursday it is recalling 4.3 million pickup trucks and SUVs in the U.S. because a software error may cause trailer brakes not to function and exterior lights to fail. The U.S. automaker said the recall covers the … Source: Claims Journal