Archive for January 2021

Property and casualty insurer Travelers Cos Inc reported a jump in quarterly profit that beat analysts’ estimates on Thursday, helped by an increase in returns from investments and lower catastrophe claims. Travelers reported a core income of $1.26 billion, or … Source: Claims Journal

HOUSTON (AP) — A chemical company and a former employee have been indicted for their roles in a 2014 poisonous gas leak that killed four workers at a Houston-area plant, federal prosecutors announced Tuesday. Four employees at the now-closed DuPont … Source: Claims Journal

SANTA CRUZ, Calif. (AP) — Months-old embers from a deadly California fire were blown back to life Tuesday by powerful winds that raked the state and prompted safety blackouts to tens of thousands of people. Firefighters chased wind-driven blazes up … Source: Claims Journal

RENO, Nev. (AP) — Satellite imagery and surveillance video from a casino roof 5 miles (8 kilometers) away helped pinpoint arcing power lines in gale force winds as the cause of a November brush fire that destroyed five Reno homes … Source: Claims Journal

A federal appellate court ruled Tuesday that insurers are entitled to a strict interpretation of a doctrine in maritime law that imposes a duty of “utmost good faith” on parties to marine insurance contracts. The 1st Circuit Court of Appeals … Source: Claims Journal

The world’s biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the coast of West Africa. The number of attacks on vessels globally jumped 20% last year to 195, with 135 crew … Source: Claims Journal

Automakers in Japan, where almost 30% of the population is 65 or older, are taking the lead on adapting cars so the nation’s legions of elderly drivers can feel more confident — and be safer — behind the wheel. A … Source: Claims Journal

Two Fieldwood Energy LLC oil workers face federal criminal charges for allegedly separately allowing crude oil spills from offshore U.S. Gulf of Mexico platforms to avoid required shut downs. The two were indicted Tuesday for spills in 2015 and 2018, … Source: Claims Journal

WASHINGTON — Ford Motor Co must recall 3 million vehicles with potentially defective driver-side Takata air bags, the U.S. auto safety regulator said on Tuesday, rejecting a bid by the second-largest U.S. automaker to avoid a recall. The National Highway … Source: Claims Journal

BOSTON (AP) — Efforts to assess the impact of a more than seven-month-old cyberespionage campaign blamed on Russia — and boot the intruders — remain in their early stages, says the cybersecurity firm that discovered the attack. The hack has … Source: Claims Journal