Industry News
Bayer AG’s Monsanto unit persuaded a Missouri judge to cut almost $1 billion from a $1.5 billion jury verdict that was one of the largest in the six years the company has been fighting thousands of claims that its Roundup …
Via: Claims Journal
Tesla Inc. is headed for its highest-profile trial yet over a crash blamed on Autopilot, the driver-assistance system Elon Musk has billed as crucial to his pursuit of self-driving cars. The electric-vehicle maker prevailed in two previous trials in California …
Via: Claims Journal
The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions. However, insurers are expected to weather the financial impact well, according to GlobalData, the London-based data …
Via: Claims Journal
Jatiek Smith, a Bloods gang member convicted on extortion and racketeering charges in New York, blamed ruthless competition and a culture of violence in the fire restoration industry for the accusations made against him by federal prosecutors. Smith was a …
Via: Claims Journal
The California Labor Commissioner’s Office reached a $2 million settlement against Pearl B-Star Inc., DBA Lin’s Fusion for underpaying 32 workers. Pearl B-Star violated state labor laws governing recordkeeping, payroll timekeeping and cash pay without wage statements, according to the …
Via: Claims Journal
A report from the Colorado Chamber of Commerce and the American Property Casualty Insurance Association estimates a proposal to remove the noneconomic damage caps in Colorado would result in a $2.1 billion annual loss in state GDP and 15,500 jobs. …
Via: Claims Journal
The New York area’s strongest earthquake in 140 years rattled northern New Jersey on Friday morning, shaking office buildings in Manhattan and snarling travel. The preliminary 4.8 magnitude temblor was the strongest in the New York area since 1884, according …
Via: Claims Journal
Thousands of homes and businesses were without power this week as severe weather roared through several states, causing at least one death and spawning possible tornadoes. Parts of Ohio, Pennsylvania, Kentucky, Mississippi, Alabama, Tennessee, West Virginia, Virginia and Georgia were …
Via: Claims Journal
The U.S. Army Corps of Engineers said Thursday it expects to open a new channel to the Port of Baltimore by the end of April, freeing up commercial shipping blocked by a collapsed bridge, and then restore port access to …
Via: Claims Journal
The Federal Emergency Management Agency and the Small Business Administration today have distributed more $20 million in disaster recovery assistance for survivors in San Diego County. It is part of an effort by FEMA and the California Governor’s Office of …
Via: Claims Journal