Archive for November 2019

Tyson Foods Inc fell short of Wall Street estimates for quarterly revenue and profit on Tuesday after a fire at a Kansas slaughterhouse hurt sales volumes in its beef business, the company’s biggest segment. Shares of the maker of Ball … Source: Claims Journal

Bankrupt utility giant PG&E Corp. is trying to offer $13.5 billion in compensation to the victims of wildfires sparked by its power lines as part of a restructuring plan, according to people with knowledge of the situation. The company’s shares … Source: Claims Journal

For the first time since a fire last month scorched 77,758 acres of northern California, PG&E Corp. returns to the courtroom of the judge whose personal crusade is to “reduce to zero” the number of wildfires caused by the utility’s … Source: Claims Journal

MEXICO CITY — A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers’ latest bid to wring ransom from a major company. Hackers have … Source: Claims Journal

A Federal Aviation Administration official wrote a memo last month saying that Southwest Airlines Co. should ground 49 of its airliners because repairs were performed that didn’t meet legal standards. There is “a high likelihood of a violation of a … Source: Claims Journal

Workers’ compensation insurers are reporting dramatic reductions in opioid use by injured workers. In some cases, all it took was asking doctors to stop renewing prescriptions. A peer-reviewed study by Mitchell International and Utah’s WCF Mutual Insurance Co. found that … Source: Claims Journal

CHICO, Calif. — Amber Blood got to Chico on Nov. 8, 2018, wearing pink slacks and her favorite white peacoat. It was all she had left. Blood was among tens of thousands forced to flee as a wildfire roared through … Source: Claims Journal

HONOLULU — Plaintiffs and defendants reached a settlement over a deadly Honolulu high-rise fire, although the amounts to be paid by insurance companies remains confidential, attorneys said. A settlement conference concluded Tuesday regarding the July 2017 Marco Polo building fire … Source: Claims Journal

A federal appeals court found United Parcel Service Inc liable to New York state and New York City for shipping hundreds of thousands of cartons of untaxed cigarettes, but reduced its payout for damages and unpaid taxes to about $97.6 … Source: Claims Journal

A Buffalo Wild Wings employee died and at least 10 people checked themselves into hospital after being exposed to a strong chemical cleaning agent at a restaurant in Burlington, Massachusetts, authorities said on Thursday. The Burlington fire department responded to … Source: Claims Journal