Transformers are everywhere, from compact ones used to charge our cell phones or laptops up to large industrial transformers used in manufacturing plants and power grids. Transformers have been around since the late 1880s. Transformer failures caused by insulation breakdown … Source: Claims Journal

New auto safety technologies such as automatic braking and sensors that keep a car in its lane could prevent almost 10,000 U.S. road deaths a year and save $251 billion if they were more widely available, according to a Boston … Source: Claims Journal

Storm Joaquin grew into a Category 1 hurricane as it bore down on the Bahamas, where warnings and watches are posted for the central and northwestern islands in the chain. The storm’s top winds now reach 75 miles (120 kilometers) … Source: Claims Journal

A group of U.S. drilling states, seismologists, academics and industry experts issued guidance Monday in a frank new report on handling human-induced earthquakes caused by hydraulic fracturing or the disposal of fracking wastewater. The 150-page report, produced by the StatesFirst … Source: Claims Journal

A new study looking back over 1,000 years finds the flooding risk along the New York and New Jersey coasts increased greatly after industrialization, and major storms that once might have occurred every 500 years could soon happen every 25 … Source: Claims Journal

Medical professional liability insurance for the U.S. property/casualty industry continued its years-long decline in 2014 in terms of net written premium volume, hammered by everything from worsening accident-year results to a rapidly evolving healthcare market, Fitch Ratings found. Fitch said … Source: Claims Journal

The U.S. Securities and Exchange Commission’s metrics for computing annual enforcement statistics are “deeply flawed,” making the agency falsely appear as though it is getting tougher every year, a new academic study concluded. The draft study by Emory University law … Source: Claims Journal

Volkswagen announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand to try to move on from the scandal over its cheating on diesel emissions tests. New Chief Executive Matthias Mueller said the German … Source: Claims Journal

A total of 4,679 fatal work injuries were recorded in the United States in 2014, an increase of 2 percent over the revised count of 4,585 fatal work injuries in 2013, according to results from the Census of Fatal Occupational … Source: Claims Journal

With a payment and an apology, Lance Armstrong has settled a decade-long dispute with a promotions company that sought repayment of more than $10 million in bonuses it paid the former cyclist during a career that was later exposed to … Source: Claims Journal