Increased scrutiny by federal regulators with bipartisan support from legislators will lead to more frequent and larger auto recalls in the future, according to a new automotive warranty and recall report released by Stout Risius Ross, a global financial advisory … The post Number of Future Auto Recalls Expected to Rise appeared first on Claims…

Following the completion of XL Group plc’s acquisition of Bermuda-based Catlin Group Limited on May 1, XL and Catlin have officially joined operations and launched a new brand, XL Catlin. A new global marketing campaign, reflecting the greater scale, ambition … The post XL Group Completes Catlin Acquisition, Launches New Brand appeared first on Claims…

Hundreds of crashes involving defective cars are going unreported each year because under U.S. safety rules automakers aren’t required to report suspicious accidents for models more than 10 years old. That’s worrisome, safety advocates say, because the average age of … The post Possible Recall-Related Crashes Involving Vehicles 10 Years and Older Going Unreported appeared…

Swiss Re AG, Europe’s second-biggest reinsurer, said regulators should prevent catastrophe bonds from being repackaged like subprime mortgages. “It’s important for traditional players like us and regulators that we make sure we don’t get into a situation where you start … The post Swiss Re Warns That Catastrophe Bonds Risk Subprime Slice-Up appeared first on…

Attorney General Loretta Lynch urged greater cooperation between the government and private industry to combat computer hackers, a key component of a new cyberattack playbook released by the Justice Department. Speaking to a gathering of government and industry leaders in … The post Greater Cooperation Among Public, Private Entities Urged to Fight Cybercrime appeared first…

The average medical payment per claim for treating injured workers decreased by 5 percent in California in 2013, according to a recent study by the Workers Compensation Research Institute (WCRI), which could reflect some early impact of the state’s reform … The post Average Medical Payment Per Claim Decreased 5% Following California Regulatory Changes appeared…

Trinity Industries Inc. was sued by shareholders alleging the company failed to disclose it made changes to its guardrail safety system without government review. At least two lawsuits were filed in federal court in Dallas accusing the company of making … The post Trinity Shareholders Sue Over Guardrail Disclosures appeared first on Claims Journal. Source:…

With the biggest boxing match in years just days away, the fight to keep it off illegal streaming sites is well under way. HBO, Showtime, and the promoters for Manny Pacquiao and Floyd Mayweather filed a federal lawsuit on Tuesday … The post Mayweather-Pacquiao Match Will Be a Game of Piracy Whack-a-Mole appeared first on…

The leading voice for the refining sector on Thursday said it was not realistic for U.S. regulators to expect existing oil train tankers to be retired within five years, and sought a meeting with the National Transportation Safety Board (NTSB). … The post Oil Refiners Say Fed Train Safety Plan Not Feasible appeared first on…

The ice cream industry’s widening listeria scare, which has prompted at least five companies to recall products, is fueled in part by DNA testing and other new tools that can better detect the bacteria and trace its origins. Advances in … The post Advances in Science Help Fuel Ice Cream Industry Recalls appeared first on…