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NHTSA Says Traffic Fatalities Fell 4.4% in the First Nine Months of 2024

Early estimates of U.S. traffic fatalities for the first nine months of 2024 show fatalities declined for the 10th straight quarter despite more miles being driven. An estimated 29,135 people died in traffic crashes during that period, representing a decrease …

CCC Intelligent Solutions Acquires EvolutionIQ for $730M

CCC Intelligent Solutions Inc. signed a definitive agreement to acquire claims management platform EvolutionIQ Inc. Subject to the terms and conditions included in the agreement, CCC is expected to acquire EvolutionIQ for $730 million to be paid for with a …

US Consumer Watchdog Sues Big Banks Over ‘Widespread’ Fraud on Zelle Payment App

The U.S. Consumer Financial Protection Bureau said on Friday it filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo for failing to protect consumers from alleged “widespread fraud” on payments platform Zelle. The lawsuit was initiated as …

Tesla Recalls Nearly 700K Vehicles in US Over Tire Pressure Monitoring System Issue

Tesla said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS). The TPMS warning light may not remain illuminated between drive cycles, failing to warn the driver of …

Safeco to Stop Writing New Condo and Renter Policies in California

It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …

Amazon Agrees to Worker Safety Measures to Settle US Probe

Amazon.com will implement new safety measures at all of its U.S. facilities to settle a federal agency’s claims that it failed to prevent workers from developing back problems and other ergonomic injuries, the agency said on Thursday. Amazon settled a …

Aerospace Firm AAR Settles US Bribery Charges for $55M

Global aerospace company AAR Corp. has agreed to pay more than $55 million to resolve allegations of bribing Nepalese and South African public officials, the U.S. Securities and Exchange Commission said on Thursday. The amount involved settlements with the SEC …

Losses From Crypto Hacks Jump to $2.2B in 2024, Report Says

Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The hacking amount exceeded $1 billion for the fourth straight year and the …

Cargo Theft Surges as Holiday Season Approaches, Verisk Says

Be on the lookout for Grinch-like characters hanging out at transportation hubs over the holidays. A CargoNet analysis of holiday-period theft data from the past five years shows a heightened risk during the Christmas and New Year periods. The days …

California Man Sentenced to 16 Years for Filing False Auto Insurance Claims

A California man was sentenced to 16 years in prison for filing false claims on dozens of auto collisions. Jacob McNabb, 33, of Bakersfield, was sentenced following a jury’s guilty verdict on four felony counts including insurance fraud after a …