Industry News
Berkshire Hathaway Inc.’s PacifiCorp is asking an appeals court to throw out a 2023 jury verdict in a wildfire class-action case that has exposed the company to billions of dollars in losses. PacifiCorp, which calls itself the largest grid operator …
Via: Claims Journal
The U.S. Northeast, including New York City, will get a brief touch of snow this weekend before a frigid blast of arctic air pushes through the region, leaving winter-weary residents shivering and putting additional stress on power grids and energy …
Via: Claims Journal
The U.S. agency that enforces laws banning workplace discrimination said in a court filing on Wednesday it is investigating Nike for allegedly discriminating against white people through its diversity policies. The Equal Employment Opportunity Commission said in the filing that …
Via: Claims Journal
A unit of Aon Plc agreed to settle a class-action lawsuit alleging that calculation errors and faulty investment advice caused Pennsylvania public school teachers to make millions of dollars in extra contributions to their pension fund. The firm’s Aon Investments …
Via: Claims Journal
Artificial intelligence has spent the last several years pressing at the boundaries of the legal and insurance industries, generating equal parts curiosity and concern. For lawyers and claims professionals, the dominant reaction has been caution: fear of ethical missteps, hallucinated …
Via: Claims Journal
Plaintiffs claiming punitive damages in lawsuits must meet a high bar, a Florida appeals court found in overturning a trial court’s decision in a fatal accident involving an online car-sharing platform. Turo Inc., a firm that connects renters with automobile …
Via: Claims Journal
Tesla Inc. was sued over a fiery crash in Massachusetts that killed the driver after he was unable to exit the vehicle, the latest lawsuit to allege defects with the company’s electrically powered door handles. Samuel Tremblett, 20, died in …
Via: Claims Journal
Cigna Corp.’s Express Scripts has settled the U.S. Federal Trade Commission’s claims its insulin pricing practices violated antitrust and consumer protection laws, and agreed to changes aimed at lowering costs for patients, insurers and small pharmacies, according to a copy …
Via: Claims Journal
Liberty Mutual has received approval to convert three domestic mutual insurance affiliates into stock companies and then merge them into a new wholly-owned subsidiary of Liberty Mutual Holding Company (LMHC). The Massachusetts Division of Insurance has approved the reorganizations of …
Via: Claims Journal
U.S. health officials plan to test certain dairy-based ingredients used in a wide variety of baby formulas for spores that can cause infant botulism, in the wake of the ByHeart recall last year that was connected to 51 infant hospitalizations. …
Via: Claims Journal