Industry News
Berkshire Hathaway Inc.’s PacifiCorp said it has reached a $150 million settlement with 1,434 plaintiffs associated with the 2020 Labor Day fires in Oregon. The accord, disclosed Wednesday in a regulatory filing, will resolve claims by property owners that the …
Via: Claims Journal
GEICO insurance companies can’t dismiss a South Carolina lawsuit that demands they pay almost $70 million in back taxes and penalties, a federal judge ruled in a case that could ultimately affect how insurance taxes are collected by cities in …
Via: Claims Journal
For one claims professional who is working in Jamaica, it is clear that the scale of the damage left in the wake of Hurricane Melissa will have a long-lasting, and far-reaching impact for businesses and people. But the biggest concern …
Via: Claims Journal
Moët Hennessy won a lawsuit against its former finance chief after LVMH’s drinks unit accused him of violating a non-disclosure agreement that he signed last year as part of his settlement when he was dismissed. The Paris employment tribunal ordered …
Via: Claims Journal
NTSB says a loose wire in the ship's electrical system caused a breaker to open, triggering a sequence of events that led to blackouts and propulsion and steering loss.
Via: Claims Journal
Ford is recalling 229,609 Bronco vehicles in the U.S. due to a failure in the instrument panel display, such as warning lights or vehicle speed, the U.S. National Highway Traffic Safety Administration said on Wednesday. The regulator said the instrument …
Via: Claims Journal
Whirlpool on Tuesday asked a U.S. trade agency to block the import and sale of microwaves from rival manufacturers based in South Korea and China, alleging they copied its patented technology for over-the-range models. The complaint, filed with the Washington-based …
Via: Claims Journal
Amazon’s self-driving unit Zoox opened its waitlist on Tuesday for users in San Francisco, offering free rides, just days after Alphabet’s Waymo said it will provide robotaxi rides in the same market. Zoox said it is inviting people to ride …
Via: Claims Journal
Purdue Pharma LP won court approval to exit bankruptcy, capping six years of legal wrangling over a multibillion-dollar settlement and liability releases for the opioid manufacturer’s Sackler family owners. Judge Sean H. Lane said he will sign off on Purdue’s …
Via: Claims Journal
The top Democrat on the Senate Commerce Committee on Tuesday called on the Federal Communications Commission to abandon plans to rescind cybersecurity requirements adopted after the massive Salt Typhoon Chinese hacking incident that infiltrated U.S. telecom companies last year. Senator …
Via: Claims Journal