Archive for July 2020

Facebook Inc. bowed to a judge’s concerns and proposed increasing its settlement offer to $650 million to resolve claims by users that the company illegally gathered biometric data through a photo-tagging tool. A federal judge had voiced skepticism about whether … Source: Claims Journal

Boeing Co. 737 planes in storage because of the coronavirus pandemic are at risk of losing power in both engines when they fly again and must be inspected, aviation regulators said. The emergency order applies to older “Next Generation” and … Source: Claims Journal

PORTLAND, Ore. — The mayor of Portland, Oregon, was tear-gassed by U.S. government agents late Wednesday as he stood at a fence erected to protect a federal courthouse during another night of protests against the presence of the agents sent … Source: Claims Journal

SAN FRANCISCO — More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others, two former employees said, making it hard to … Source: Claims Journal

Indivior Plc on Friday said it had agreed to pay $600 million and have a subsidiary plead guilty to a criminal charge to resolve U.S. allegations that it engaged in an illegal scheme to boost prescriptions of its opioid addiction … Source: Claims Journal

U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct. They see a potential market … Source: Claims Journal

BASF SE, the world’s biggest chemical maker, and a law firm agreed to pay a combined $72.5 million to resolve claims they hid evidence that certain talc products contained asbestos in an effort to scuttle thousands of lawsuits. Executives of … Source: Claims Journal

The workers’ compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance industry economist said during a webcast Thursday. Steven N. Weisbart, senior vice president and chief economist for the Insurance Information … Source: Claims Journal

WASHINGTON — The Federal Aviation Administration (FAA) said on Tuesday it plans to issue a proposed airworthiness directive for the Boeing 737 MAX in the “near future” to address changes made since the plane was grounded in March 2019 after … Source: Claims Journal

Property and casualty insurer Travelers Cos Inc reported a second-quarter loss on Thursday, hurt by a sharp increase in catastrophe losses and dismal returns on non-fixed income investments in pandemic-hit financial markets. Travelers reported a net loss of $40 million, … Source: Claims Journal