Archive for August 2020

NEW YORK — Oil prices inched lower on Friday as Hurricane Laura passed the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage and companies were beginning to restart operations. Brent crude futures for … Source: Claims Journal

ALBANY, N.Y. — The owner of the stretched limousine that crashed and killed 20 people in upstate New York repeatedly changed the listed number of seats in the vehicle and took other steps to avoid safety regulations, according to documents … Source: Claims Journal

DETROIT — The U.S. government’s road safety agency is offering a smartphone app that will alert drivers if their vehicles are recalled. The National Highway Traffic Safety Administration was scheduled to roll out the free app for both Android and … Source: Claims Journal

CLEVELAND — FirstEnergy Corp. was once blamed for its part in triggering North America’s largest blackout nearly 20 years ago. Now, the multistate power company is again facing intense scrutiny — this time for its role in an alleged $60 … Source: Claims Journal

Gradient AI Teams Up With Origami and Sapiens Gradient AI has formed partnerships with Origami Risk and Sapiens to make Gradient’s claims and policy modeling and predictive modeling available on the Origami’s risk management and Sapiens’ workers’ compensation platforms. Gradient, … Source: Claims Journal

The U.S. Labor Department is reminding employers that they must make a reasonable effort to keep track of all hours worked by non-exempt employees — even those working varied hours from home due to the COVID-19 pandemic. The department’s Wage … Source: Claims Journal

Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place added stress on its rated insurance companies’ balance sheets, which it adds … Source: Claims Journal

U.S. energy companies on Thursday were organizing crews and beginning to review offshore Gulf of Mexico platforms and assess damage to coastal operations as Hurricane Laura took its fierce winds inland. The storm hit Louisiana early Thursday with 150 mile-per-hour … Source: Claims Journal

Boeing Co.’s grounded 737 Max jet took a major step toward a return to flying after Europe’s air-safety regulator said it would send pilots to Canada to conduct test flights, overcoming Covid 19-related travel curbs. The European Union Aviation Safety … Source: Claims Journal

As Hurricane Laura pounded the U.S. Gulf Coast with nearly 150 mile-per-hour winds, causing water levels to rise almost 10 feet above normal in the wee hours of the morning, wildfires in California were still raging across more than a … Source: Claims Journal