Archive for August 2019
PG&E Posts $2.6 Billion Loss Stemming From Bankruptcy, Wildfires
PG&E Corp., the bankrupt California utility giant, reported a $2.6 billion second-quarter loss and said it expects more charges this year tied to wildfires that devastated the state in 2017 and 2018. The company, which didn’t provide an outlook for … Source: Claims Journal
Read MoreTyson Bets on Robots to Fight Meat Industry Worker Shortage
When you visit a meat plant, humans are completing tasks like stacking pallets and packing chicken drumsticks. But Tyson Foods Inc. thinks robots can do it all. The U.S. meat giant is betting that automation and robotics can alleviate a … Source: Claims Journal
Read MoreBayer Is Said to Seek $8 Billion Roundup Cancer-Claim Deal
Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An agreement, which could take months to work out, … Source: Claims Journal
Read MoreEnbridge Says Gap Opens Beneath Great Lakes Oil Pipeline
TRAVERSE CITY, Mich. — Erosion has created a gap beneath an oil pipeline in a key Great Lakes channel that’s wider than allowed under an agreement with the state of Michigan, oil transport company Enbridge Inc. said Wednesday. The Canadian … Source: Claims Journal
Read MoreWildfire Threatens Idaho Hot Springs Resort Area Near McCall
BOISE, Idaho — Firefighters are trying to stop a wildfire from reaching a popular hot springs resort area with buildings dating to the late 1800s. Fire spokesman Jim Mackensen said Wednesday that nine fire engines are positioned at Burgdorf Hot … Source: Claims Journal
Read MoreMoody’s Says Wildfire Catastrophe Losses the New Normal in Calif.
California had long been a good bet for homeowners’ insurers, with most carriers having no problem recouping paid losses through premiums. But in 2017 and 2018, the state experienced six of the 10 most destructive wildfires in its history and … Source: Claims Journal
Read MoreUniversity of Georgia Research Shows Simulators Reduce Police Car Crashes
Police car wrecks are the biggest risk management expense related to law enforcement, causing local governments to lose money. New research from the University of Georgia shows that a driver training program can result in big savings. Specifically, proper training … Source: Claims Journal
Read MoreApple Sued Over Siri’s Unauthorized Recording of Users
Apple Inc. was sued over claims that the privacy of Siri users was violated when human reviewers listened to customer recordings. The lawsuit was filed as a class action Wednesday, just days after Apple said it would pause its program … Source: Claims Journal
Read MoreFacebook Must Face Lawsuit Over Facial Recognition
Facebook Inc. failed to undo a ruling that allows millions of its users to band together in a lawsuit accusing the social network of gathering and storing biometric data without consent, potentially exposing the company to billions of dollars in … Source: Claims Journal
Read MoreN.J. Couple Spooked by ‘Watcher’ Sell $1.4 Million Home at Loss
The New Jersey family plagued by a stalker’s spooky letters mailed to their $1.4 million dream home in Westfield has sold the six-bedroom property at a loss. The “Watcher” house, at the center of an unsolved criminal investigation in one … Source: Claims Journal
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