Archive for May 2019

Boeing Co. met with 737 Max operators and lessors in Amsterdam on Tuesday, the first of about six sessions planned around the world as the planemaker lays the groundwork for resuming commercial flights of the aircraft following two deadly crashes. … Source: Claims Journal

About the photo: Hardware from Project OWL, an IoT software solution that keeps first responders and victims connected in a natural disaster, at their work space in Brooklyn, New York on May 2, 2019. Photographer David Williams/Bloomberg. From a cramped … Source: Claims Journal

ST. PAUL, Minn. — A Minnesota man accused of faking his own death eight years ago in Eastern Europe to collect a $2 million life insurance policy has pleaded guilty. The St. Paul Pioneer Press reports that 54-year-old Igor Vorotinov, … Source: Claims Journal

WICHITA, Kan. — The process of obtaining a new Real ID is creating headaches for some Kansas residents. Vietnam War veteran Armando Fleming is among several Kansas residents who have left driver’s license offices empty-handed after learning that the documents … Source: Claims Journal

MOSCOW — The plane that burst into flames while making an emergency landing at a Moscow airport, killing 41 of the 78 people on board, was without radio communications because of a lightning strike, Russian news media on Monday quoted … Source: Claims Journal

NEW YORK — Ruth Madoff, the wife of imprisoned swindler Bernard Madoff, agreed to pay $594,000 and surrender her remaining assets when she dies to settle claims by the court-appointed trustee liquidating her husband’s firm. According to settlement papers, Ruth … Source: Claims Journal

Johnson & Johnson agreed to pay about $1 billion to resolve most lawsuits claiming it sold defective metal-on-metal hips that ultimately had to be removed, according to people with knowledge of the matter. With the agreement, J&J has now resolved … Source: Claims Journal

Purdue Pharma LP’s former chief executive officer appeared to blame victims of opioid abuse for their suffering in a 2001 email to an acquaintance, a court filing shows. “Abusers aren’t victims; they are the victimizers,” Richard Sackler said in the … Source: Claims Journal

A fatal airplane crash a decade ago prompted a life-saving fix across thousands of Boeing 737 cockpits. So why wasn’t the same lesson applied to the design of the 737 Max, an upgraded version on which 346 people died in … Source: Claims Journal

Separate reports by financial analysts concluded that property and casualty carriers improved the condition of their claim reserves in 2018, in large part because of favorable loss development in the workers’ compensation line. Keefe, Bruyette & Woods reported that property … Source: Claims Journal