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Southern California Edison Asked by Investigators to Preserve Gear at LA’s Eaton Blaze
Fire investigators have asked Southern California Edison Co. to preserve its equipment near the site where the deadly Eaton fire began earlier this month. The Los Angeles County Fire Department, the lead agency investigating the blaze, asked the utility to … Source: Claims Journal
Read MoreMerck’s $8 Billion Cancer Vaccine Faces First US Jury Trial
Merck & Co. is facing its first jury trial over claims the company wrongfully marketed its lucrative Gardasil cancer vaccine as safe, the latest high-stakes litigation for the pharmaceutical giant. Lawyers for a Los Angeles woman will argue Monday that … Source: Claims Journal
Read MoreGoogle Pushes Global Agenda to Educate Workers, Lawmakers on AI
Alphabet’s Google, already facing an unprecedented regulatory onslaught, is looking to shape public perception and policies on artificial intelligence ahead of a global wave of AI regulation. A key priority, one executive told Reuters, comes in building out educational programs … Source: Claims Journal
Read MoreUnitedHealth Says Hack At Tech Unit Impacted 190 Million People
The cyberattack at UnitedHealth Group’s tech unit last year affected the personal information of 190 million people, the health conglomerate said on Friday, making it the largest healthcare data breach in the United States. The hack at Change Healthcare affected … Source: Claims Journal
Read MoreTrump Administration Reviewing US Automatic Emergency Braking Rule
A U.S. auto safety agency said on Friday it is reconsidering a landmark rule from the administration of former President Joe Biden requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems. The National … Source: Claims Journal
Read MoreTrump Questions FEMA’s Future Just When LA Needs It Most
Fire-wracked Los Angeles, facing its worst natural disaster in decades, has never needed the Federal Emergency Management Agency more. As new fires threaten homes across America’s second-largest city, FEMA has deployed roughly 550 experts to help displaced residents find shelter, … Source: Claims Journal
Read MoreLA Wildfires by The Numbers: Insured Losses, Total Losses, Ratings, Rates
The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses and damages, credit ratings—and lately worrying outlooks for the effect of the fires on insurance … Source: Claims Journal
Read MoreFitch Says LA Fires Could Consume 30% of European Reinsurer Natural Disaster Budgets
The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR, according to a Fitch Ratings commentary. Insured losses … Source: Claims Journal
Read MoreDoes 15-Year Roof Age Rule Discourage More Wind-Resistant Products?
After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections of their roof membranes peeled back like blankets on a beach, exposing the buildings to water intrusion. Builders and commercial … Source: Claims Journal
Read MoreTesla Deploys Fix to 1.2 Million China EVs on Safety Concern
Tesla Inc. will release a software update to about 1.2 million cars in China—around half the fleet it’s sold in the country—to fix issues with the vehicles’ power steering and rear-view cameras that may pose safety risks. The steering issue … Source: Claims Journal
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