Archive for May 2019
Mississippi River Barge Shipping Resumes After Floods, but Rains to Return
The upper Mississippi River fully reopened to boat and barge traffic this week for the first time since November as shippers scrambled to move a backlog of overdue fertilizer barges to farmers racing to sow corn before the end of … Source: Claims Journal
Read MoreLoose Lips and FX Tips: How Chats Cost Banks $1.2 Billion
Talk may be cheap, but in currency traders’ chatrooms, at least, improper messages can be very expensive for their companies. In instant message groups with names such as “Semi Grumpy Old Men” and “Three Way Banana Split” up to nine … Source: Claims Journal
Read MoreStay or Go? As Weather Gets Wilder, States Urged to Prepare for Displacement
GENEVA — Warned that Typhoon Haiyan would slam into the coastal part of the Philippine town of Dulag in November 2013, Leah C. Caminong’s family rented a room 300 meters back from the shoreline where they planned to ride out … Source: Claims Journal
Read MoreBayer Bets on ‘Silver Bullet’ Defense in Roundup Litigation
Bayer AG plans to argue that a $2 billion jury award and thousands of U.S. lawsuits claiming its glyphosate-based weed killer Roundup causes cancer should be tossed because a U.S. regulatory agency said the herbicide is not a public health … Source: Claims Journal
Read MoreWCRI: States Without Work Comp Fee Schedules Paying the Price
The dwindling number of states that have no fee schedule, or that set fees according to a percentage of billed charges, are paying far more for outpatient surgery than states that have adopted some version of Medicare’s payment system, according … Source: Claims Journal
Read MoreCalifornia Dioceses Create Clergy Abuse Compensation Program
SACRAMENTO, Calif. — Six Roman Catholic dioceses in California are creating a program to compensate people who were sexually abused by priests as children, in return for them promising not to sue. The program announced Tuesday includes the Archdiocese of … Source: Claims Journal
Read MoreTesla Autopilot was Engaged During Fatal Florida Crash
WASHINGTON — Tesla Inc’s Autopilot feature was engaged during a fatal March 1 crash of a 2018 Model 3 in Delray Beach, Florida, in at least the third fatal U.S. crash reported involving the driver-assistance system, the National Transportation Safety … Source: Claims Journal
Read MorePurdue Is Sued by Five More States Over OxyContin Marketing
Purdue Pharma LP and its billionaire owners are being sued by five more states alleging the company’s aggressive marketing of the OxyContin painkiller triggered a vast addiction epidemic that has claimed hundreds of thousands of lives in the U.S. The … Source: Claims Journal
Read MoreTesla Fires Sound Alarms About Safety of Electric-Car Batteries
Electric vehicles may be less prone to catch fire than gas guzzlers, but recent blazes involving Tesla Inc. and NIO Inc. cars in Greater China are prompting the industry to take steps to alleviate concerns from potential customers in the … Source: Claims Journal
Read MoreBoeing Crashes Leave $450 Million Bill for European Insurers
Europe’s biggest insurers are on the hook for as much as $450 million from a pair of airline crashes involving Boeing Co. 737 Max planes. Munich Re reckons it could pay 150 million euros ($168 million), an estimate that Chief … Source: Claims Journal
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