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New York Court Dismisses Homeowner’s Construction Defect Claim Over Missed Filing Deadline

New York Court Dismisses Homeowner’s Construction Defect Claim Over Missed Filing Deadline

A New York court dismissed a homeowner's breach of contract claim for delayed filing, ruling that the lawsuit, filed almost seven years after project completion, was beyond the six-year statute of limitations for construction defect claims. Pandemic-related deadline extensions could not save the case.
November 14, 2024 Legislation & Regulation Litigation Property Risk Management New York

Tesla Cybertruck Recall of 2,400 Units Marks Sixth This Year

Tesla Cybertruck Recall of 2,400 Units Marks Sixth This Year

Tesla recalls 2,400 Cybertrucks in the U.S. over a faulty driver inverter that could cause loss of power, raising crash risks. This latest issue, which affects Cybertrucks manufactured through July 30, follows several other recalls issued in 2024.
November 14, 2024 Auto Legislation & Regulation Risk Management Technology

Florida Hurricane Damage Claims Reach $4.775 Billion After Hurricanes Helene and Milton

Florida Hurricane Damage Claims Reach $4.775 Billion After Hurricanes Helene and Milton

Insurance claims in Florida from Hurricanes Helene and Milton have reached $4.775 billion, up $169 million from last week's total. The storms have left extensive residential and commercial property damage, according to the Office of Insurance Regulation.
November 12, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida Georgia North Carolina South Carolina Tennessee

Maximizing Flood Preparedness Benefits for Insurers and Policyholders, Swiss Re Institute Study Finds

Maximizing Flood Preparedness Benefits for Insurers and Policyholders, Swiss Re Institute Study Finds

A new Swiss Re Institute study reveals that proactive flood preparedness, from resilient infrastructure to policy measures, could substantially reduce economic losses, protecting both insurers and policyholders. The research highlights cost-effective flood adaptation methods and the potential for public-private partnerships in climate adaptation efforts.
November 11, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management

Progressive Faces Class Action Over Alleged Denial of Collision Insurance in Massachusetts

Progressive Faces Class Action Over Alleged Denial of Collision Insurance in Massachusetts

Progressive is embroiled in a class-action lawsuit alleging that it unlawfully refused to offer collision insurance to Massachusetts drivers, potentially impacting hundreds and sparking questions about legal compliance.
November 11, 2024 Auto Insurance Industry Legislation & Regulation Litigation Massachusetts

How to Tell When Your SSE Solution is Holding Back Your Cybersecurity

How to Tell When Your SSE Solution is Holding Back Your Cybersecurity

As cyber threats evolve, outdated security service edge (SSE) solutions may fail to provide the protection, performance, and cost-efficiency modern businesses need. Here are the top indicators that your SSE platform might need an upgrade to stay effective.
November 11, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

California Court Reverses Verdict in Asbestos Exposure Case, Allows Sophisticated User Defense

California Court Reverses Verdict in Asbestos Exposure Case, Allows Sophisticated User Defense

An appellate court in California reversed a significant asbestos exposure verdict, allowing a sophisticated user defense, and remanded the case to address unresolved allocation of fault and offset issues, providing guidance on future damage recovery for the plaintiff's loss of consortium.
November 11, 2024 Legislation & Regulation Liability Litigation Workers' Compensation California

High Cost of Car Insurance Drives 35% of Parents to Commit Fraud

High Cost of Car Insurance Drives 35% of Parents to Commit Fraud

In a new study, 35% of parents admit to "fronting" on car insurance policies for young drivers to save on rising premiums. Although common, fronting is illegal and can result in fines, policy cancellation, or criminal charges.
November 7, 2024 Auto Fraud Legislation & Regulation Risk Management

Danone Wins Dismissal of U.S. Lawsuit Over ‘Natural’ Label on Evian Spring Water

Danone Wins Dismissal of U.S. Lawsuit Over ‘Natural’ Label on Evian Spring Water

A federal judge dismissed a lawsuit accusing Danone of misleading consumers with Evian's 'natural' label, despite claims that plastic micro-particles seep into the water from its packaging. The ruling cited FDA guidelines that focus on the water's source, not microplastic content.
November 7, 2024 Insurance Industry Legislation & Regulation Liability Litigation Illinois New York

Momentum Builds for Florida Insurance Law Board Certification

Momentum Builds for Florida Insurance Law Board Certification

Support grows for a new Florida Bar board certification in "Insurance Coverage Law," aiming to help residents find specialized legal help for insurance disputes following major hurricane seasons.
November 7, 2024 Insurance Industry Legislation & Regulation Litigation Property Florida

Washington State Fines Lumber Company $126,000 for Multiple Safety Violations

Washington State Fines Lumber Company $126,000 for Multiple Safety Violations

The Washington Department of Labor & Industries is imposing over $126,000 in fines on Fox Lumber Sales following an inspection that found excessive sawdust buildup, fire hazards, and unprotected machinery. The company, which has experienced two fires since opening, is appealing the fines.
November 7, 2024 Legislation & Regulation Property Risk Management Workers' Compensation Washington

Volkswagen to Recall 114,000 U.S. Vehicles Over Airbag Explosion Hazard

Volkswagen to Recall 114,000 U.S. Vehicles Over Airbag Explosion Hazard

Volkswagen is recalling over 114,000 Beetle and Passat vehicles across the U.S. due to a defect that may cause driver-side airbags to explode. The NHTSA cites long-term exposure to heat and humidity as a risk factor.
November 7, 2024 Auto Legislation & Regulation Liability Risk Management

Florida Communities’ Resilience Investments Prove Effective Against Hurricane Milton

Florida Communities’ Resilience Investments Prove Effective Against Hurricane Milton

As Hurricane Milton hit Florida, resilience-focused communities like Babcock Ranch and Hunters Point emerged unscathed, showcasing how disaster preparedness measures protect homes and reduce long-term costs, even amid costly initial investments.
November 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Alabama California Florida Louisiana Oklahoma

NFIP Introduces Monthly Payment Option for Flood Insurance Policies

NFIP Introduces Monthly Payment Option for Flood Insurance Policies

The National Flood Insurance Program (NFIP) will allow policyholders to pay flood insurance premiums monthly starting December 31, aiming to ease financial pressure on households and broaden access to flood coverage.
November 5, 2024 Insurance Industry Legislation & Regulation Property Risk Management

Spain Sets $11.5 Billion Fund for Flood Relief Amid $20 Billion Loan Exposure

Spain Sets $11.5 Billion Fund for Flood Relief Amid $20 Billion Loan Exposure

Following devastating floods in Valencia, Spain has announced an initial $11.5 billion aid package for affected communities, covering direct aid, credit guarantees, and municipal rebuilding. Officials anticipate further relief measures as cleanup continues.
November 5, 2024 Catastrophe Insurance Industry Legislation & Regulation Property
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