A major recall of Segway e-scooters due to a faulty folding mechanism poses significant injury risks to riders. Learn how this impacts potential liability and claims.

The claims sector is crucial in transforming property insurance by adopting sustainable practices, reducing waste, and meeting new environmental regulations to protect against climate risks.

Hurricane Ian caused widespread flooding across Florida, North Carolina, and South Carolina in October, resulting in losses estimated at between $41 billion and $70 billion. Among those losses were up to 358,000 vehicles damaged by floodwaters, according to Carfax.

Heather O’Brien’s phone hasn’t stopped ringing in the two weeks since Hurricane Ian hit. O’Brien, who along husband Capt. Pat O’Brien has owned the Fort Myers Sea Tow franchise since 1996, already has responded to ‘hundreds’ of situations where boats were sunk or displaced or need to be recovered because of the storm.

Responding to a crime trend involving the theft of catalytic converters, Gov. Gavin Newsom signed two bills on Sept. 25. The new laws, the Governor’s office said, prohibit the sale of used catalytic converters by parties who aren’t licensed auto dealers or dismantlers.

An electrical fault from an improperly disconnected battery in a used vehicle led to the fire aboard a cargo ship docked in Florida that resulted in $40 million worth of damage, officials said Thursday.

An official providing an update on the Golden Ray wreck removal off the coast of Georgia said it is the largest in United States history and required more than 3 million collective man-hours.

The U.S. National Transportation Safety Board said it would scan the ocean floor on Monday to locate a Boeing 737-200 cargo plane that sank off Hawaii last week after the two-member crew made an emergency water landing.

Analysts at specialist broker McGill and Partners believe that the re/insurance industry could be looking at costs in excess of $100 million due to the ongoing obstruction in the Suez Canal.

The stranded mega-container vessel, Ever Given in the Suez Canal, is holding up an estimated $400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every day, according to shipping data and news company Lloyd’s List.

An engineering problem has forced another delay before salvage crews can start removing an overturned cargo ship that’s been partially submerged on the Georgia coast for more than a year, officials said Wednesday.

Every industry has been impacted by actions taken to control the spread of COVID-19, including the automotive industry. Growing unemployment, coupled with a pivot to remote working, has changed consumer priorities and curtailed car-buying habits.