Takata Corp. has reached an agreement with U.S. regulators who accused the company of failing to cooperate with an investigation into faulty airbags linked to six deaths and the recalls of about 28 million cars worldwide, according to people familiar … The post Takata Agrees to Airbag Settlement, Recall to Affect Nearly 34M Cars appeared…

Tony Bimbo aka Anthony Riste and Brandy Riste, both of Los Angeles, were arrested on two felony counts of insurance fraud after they allegedly conspired with Bobby Vlado to defraud Alliance United Insurance Company out of nearly $18,000. Investigators are … The post Los Angeles Residents Busted for Felony Insurance Fraud appeared first on Claims…

Using drones to take photos of people on their own property will be illegal in Florida beginning July 1, 2015. Gov. Rick Scott signed SB 766 last week. The legislation limits the use of remote-controlled drones. Drones will not be … The post Florida Governor Signs Bill Banning Drones From Taking Photos on Private Property…

The U.S. Supreme Court will consider giving businesses a new tool to thwart class action lawsuits, agreeing to decide whether a defendant can end a case by offering full payment to the lead plaintiff. The case helps shape the next … The post Supreme Courts Consider Class Actions as Companies Seek Shield appeared first on…

Risk Point, LLC, a provider of insurance for auto dealer inventory, has introduced a new estimating model for hail damage repair as a way to control ever increasing premiums and deductibles, and to eliminate what has long been a problem … The post Risk Point Announces Hail Estimating Model to Curb $250M Overpayment appeared first…

Etsy Inc. is facing fraud claims from investors after allegations that millions of items sold through its online crafts and specialty wares marketplace likely violate trademarks. Investors filed a proposed class action against the Brooklyn, New York-based company and its … The post Etsy Investors Sue for Fraud Over Likely Trademark Violations appeared first on…

U.S. vehicle safety regulators have launched a preliminary evaluation of about 130,000 Nissan Versa cars after receiving complaints about fractures in the front suspension coil spring. No fatalities have been reported from the defect so far, the National Highway Traffic … The post NHTSA Reviews Nissan Coil Spring Fracture Complaints appeared first on Claims Journal.…

How long does it really take for your car to come to a complete stop? While the technical answer lies in the laws of physics – to do it safely, that’s a whole other ball game. Progressive Insurance analyzed more … The post Hard Braking Most Likely Predictor of Future Crashes: Progressive appeared first on…

Climate change may be the driving force behind fewer, yet more powerful hurricanes and tropical storms, says a Florida State geography professor. In a paper published today by Nature Climate Change, Professor Jim Elsner and his former graduate student Namyoung … The post Climate Change Affecting Frequency, Intensity of Hurricanes appeared first on Claims Journal.…

Dog bites and other dog-related injuries accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2014, costing in excess of $530 million, according to the Insurance Information Institute (I.I.I.) and State Farm. An analysis … The post Dog Bite Claims Costs Soar, Account for 1/3 of All Homeowner Liability…