Volkswagen of America Inc. is recalling 280,915 CCs and Passats because a fuel pump failure could cause the engine to stall, increasing the risk of a crash.
Insurance companies have a right to compel claimants to be interviewed under oath, the state’s supreme court ruled today. The ruling reversed a lower court decision last year that said insurers have no such right because examinations under oath (EUOs) are not specifically written into the state’s no-fault law.
When the flood waters left behind by Hurricane Harvey eventually recede, they will leave behind billions of dollars in property damage. However, a large majority of homeowners will likely have to spend their own money to make their homes livable again.
As floodwaters continue to surge in much of southeast Texas, hundreds of State Farm and Allstate employees have flocked to the state to start assessing the mounting damage from Hurricane Harvey.
Property and casualty insurer and reinsurer Lancashire Holdings is not exposed to the first $40 million of windstorm reinsurance claims and does not expect to pay out huge amounts from Tropical Storm Harvey, its head of investor relations said.
Tropical Storm Harvey made landfall in Louisiana early on Wednesday after hammering Texas, threatening more infrastructure in the heart of the U.S. oil and natural gas industry.
Silt police Cpl. Michael Taylor has been charged with insurance fraud and other financial crimes, Colorado Attorney General Cynthia H. Coffman said in a news release. Taylor was indicted by the Colorado Statewide Grand Jury on three counts of felony insurance fraud, three counts of felony forgery and three counts of felony theft.
Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircraft’s ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders.
A fast-moving wildfire destroyed several homes and forced the evacuation of residents in Northern California on Tuesday, local media and fire officials said. The fire started at 1:15 p.m. and burned 1,000 acres (405 hectares) in Butte County, about 85 miles (135 km) north of Sacramento, according to information on the Cal Fire website. At least nine houses were destroyed, local media reported.
Tropical Storm Harvey made a second landfall just west of Cameron, La., early Wednesday, although any flooding was expected to be nowhere near levels that have devastated this battered city, forecasters said.
A weather system off Africa that’s being monitored by the National Hurricane Center is likely to develop as it approaches the eastern Atlantic Ocean, forecasters said Tuesday.
At Houston, United Airlines operates its second-biggest hub -- and one of its most profitable. One analyst estimates $265 million in lost revenue from Hurricane Harvey.
The Kraft family has offered to match up to $1 million in donations to the American Red Cross’ Hurricane Harvey Disaster Relief fund.<br /><br />The New England Patriots are working with the American Red Cross to create a site to accept these donations.
Hurricane Harvey’s whipsaw of wind and rain across Houston and the Texas Gulf Coast hurt the shares of U.S. property and casualty insurers on Monday as Wall Street analysts estimated insured losses as high as $20 billion.
The flooding from Hurricane Harvey, which has wreaked havoc in Texas, is both catastrophic and historic. The reported death toll rose to at least nine Monday, and officials were projecting that as many as 30,000 people will ultimately be evacuated from flooded homes in Houston and other cities and towns in the state.
