Archive for January 2022

New Jersey Gov. Phil Murphy has signed into law a bill that proponents have said makes the auto insurance claims process fairer for policyholders and businesses have warned will raise premiums. The New Jersey Insurance Fair Conduct Act gives motorists … Source: Claims Journal

AT&T and Verizon Communications on Tuesday agreed to temporarily defer turning on some wireless towers near key airports to avert a significant disruption to U.S. flights as they roll out 5G service that will bring faster wireless service to tens … Source: Claims Journal

Teva Pharmaceutical Industries Ltd. has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive scheme to fix the price of generic drugs. The settlement was disclosed on Tuesday in papers filed in federal court … Source: Claims Journal

A retired San Jose Police officer who owns a security business pleaded no contest to insurance fraud, tax evasion, money laundering, and worker exploitation and is expected to be sentenced to three years in jail, prosecutors said Friday. Robert Foster, … Source: Claims Journal

The Biden administration on Tuesday unveiled a 10-year plan to treat and maintain millions of additional acres of forests in the western United States to reduce the severity of seasonal wildfires. “We’re not going to stop fires,” U.S. Agriculture Secretary … Source: Claims Journal

Two owners of an Omaha company were sentenced Friday to federal prison for knowingly violating worker safety standards, leading to an explosion that killed two workers. Nebraska Railcar Cleaning Services; Steven Michael Braithwaite, president and owner of the business; and … Source: Claims Journal

Severe weather events in Canada caused insured losses of C$2.1 billion ($1.68 billion) last year, making 2021 the sixth-costliest since 1983, the Insurance Bureau of Canada (IBC) said in a statement on Tuesday. Floods in British Columbia in November, where … Source: Claims Journal

A dramatic fire near a chemical plant burned through the night and into Saturday in northern New Jersey but led to no evacuation orders or serious injuries — just heavy smoke that was seen and smelled in nearby New York … Source: Claims Journal

Johnson & Johnson should know by the end of next month whether its controversial use of bankruptcy to try to resolve billions of dollars in cancer claims can proceed, or if the consumer products giant must fight roughly 38,000 lawsuits … Source: Claims Journal

Johnson & Johnson on Friday said it had agreed to pay $44 million to resolve claims that it fueled the opioid epidemic in New Mexico, a state which originally opted against participating in a nationwide settlement resolving thousands of similar … Source: Claims Journal