Industry News
Cotton growers are facing devastating losses and delays from Hurricane Helene just as harvest was beginning, marking the latest blow to profits in an already weak market. The storm ripped through the cotton-growing regions of Georgia and the Carolinas after …
Via: Claims Journal
Stellantis’ 771 million euro ($854 million) London lawsuit against two safety equipment makers began on Tuesday, with the European carmaker arguing long-running cartels led to it being overcharged for roughly a decade. The automaker, which was formed by the 2021 …
Via: Claims Journal
General Motors Co.’s robotaxi company will undergo tougher oversight and pay a fine to settle claims by US auto safety regulators that it failed to properly disclose information about a crash involving one of its cars that struck and dragged …
Via: Claims Journal
WCF Insurance named J.D. Ashby as senior vice president of claims. WCF also named Charles Pugh chief operating officer. Ashby started in 2002 in the legal department, transitioning into claims in 2015. He also worked in the firm’s human resources …
Via: Claims Journal
Bristol Myers Squibb won the dismissal on Monday of a $6.4 billion lawsuit claiming it cheated former Celgene shareholders by delaying federal approval for the cancer drug Breyanzi and two other drugs developed by Celgene. U.S. District Judge Jesse Furman …
Via: Claims Journal
T-Mobile has reached a $31.5 million settlement to resolve a probe by the Federal Communications Commission into significant data breaches over three years that impacted tens of millions of U.S. consumers, the agency said on Monday. T-Mobile will pay a …
Via: Claims Journal
Tesla Inc. won dismissal of a shareholder lawsuit alleging misleading statements about self-driving capabilities propped up its stock price, though the company still faces numerous other complaints and regulatory investigations of its marketing. Tesla Chief Executive Officer Elon Musk declared …
Via: Claims Journal
Hurricane Helene has halted chicken processing plants and caused severe damage to some flocks, while also downing pecan trees and flattening cotton crops, as floodwaters swamped the southern U.S. Every commodity was impacted, with cotton, pecans, poultry and timber the …
Via: Claims Journal
AccuWeather increased its estimate of the total damage and economic loss from Hurricane Helene to between $145 billion and $160 billion. This update is an increase from AccuWeather’s preliminary estimate late last week of total damage and economic loss of …
Via: Claims Journal
Key industry and government officials are urging U.S. dockworkers and their employers to avoid a strike at East and Gulf coast ports this week, though many facilities are already bracing for a shutdown. “We are coordinating with partners across the …
Via: Claims Journal