Monthly Archives: <span>June 2024</span>

Kia Recalls 463K Telluride SUVs Due to Fire Risk

Kia America is recalling nearly 463,000 Telluride SUVs — and urging owners to park their cars outside and away from other structures until an issue posing a fire hazard is fixed. The front power seat motor on the affected Tellurides …

U.S. Chamber Research Shows Nuclear Verdicts Growing in Size and Frequency

Massive jury awards of $10 million or more continue to increase in size and frequency, according to a study by the U.S. Chamber of Commerce Institute for Legal Reform. Between 2013 and 2022, the median nuclear verdict was $21 million, …

ShakeAlert Adding Satellite Capabilities for Earthquake Warnings

The U.S. Geological Survey and its partners have come out with a new capability designed to characterize large earthquakes quickly in hopes of helping warn the public about potentially damaging shaking headed their way. The ShakeAlert System, currently available in …

All the Major Legal Battles Elon Musk and His Companies Are Facing

Elon Musk and his companies are embroiled in dozens of lawsuits, ranging from fatal crashes blamed on Tesla Inc.’s Autopilot system to civil rights complaints over the treatment of employees. Tesla’s board and Musk were hit Thursday with another suit …

Snowflake Working to Beef up Security Controls as Firms Probe Breaches

Snowflake Inc. is trying to get its clients to impose stronger security controls as companies including Advanced Auto Parts Inc. and Live Nation Entertainment Inc. investigate potential data breaches. The cloud-based data analytics firm has said that hackers were targeting …

Long-Range EVs Now Cost Less Than the Average New Car in the U.S.

The automotive industry has entered a fiercely competitive phase in the electric vehicle transition, and it’s producing an intriguing result for US car buyers: the first long-range EVs that are cheaper to buy than the average gas-powered car. At least …

Netflix Sued for $170 Million by ‘Real-Life’ Baby Reindeer Stalker

Netflix Inc. faces a defamation lawsuit seeking at least $170 million from a woman who claims to be the inspiration behind a central character in the hit series Baby Reindeer. Fiona Harvey sued the streaming service in a California court …

Ex-HSBC Trader Seeks €1.4 Million Over Broker-Fees Warning

A former HSBC Holdings Plc trader is demanding a €1.4 million ($1.5 million) payout from the lender in France, alleging it suddenly turned against him when he warned top bosses about a potential scandal over exorbitant brokerage fees. Yoram Loeb, …

5th Circuit: Louisiana Law Voids Arbitration Clause in Surplus Lines Policies

A panel of the 5th Circuit Court of Appeals ruled this week that a Louisiana statute voids the formation of an arbitration clause in a surplus lines insurance contract. In its opinion, the appellate court reasoned that the general principles …

IIHS: Crash Tests Highlight Large SUV Vulnerabilities

Large SUVs give the impression of a safer ride; however, that isn’t always the case, new crash test results by the Insurance Institute for Highway Safety show. The Jeep Wagoneer is the only model out of three popular large SUVs …