Archive for March 2023

US roadways are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted, according to CCC Intelligent Solutions’ annual Crash Course report. Each of those factors has a bearing on the frequency and … Source: Claims Journal

WASHINGTON —U.S. Senate Majority Leader Chuck Schumer on Wednesday urged the National Transportation Safety Board to launch an investigation into safety practices of all seven major freight railroads, following the East Palestine, Ohio derailment. The companies, in addition to Norfolk … Source: Claims Journal

A class action lawsuit is being filed against the parent company of Silicon Valley Bank, its CEO and its chief financial officer, saying that company didn’t disclose the risks that future interest rate increases would have on its business. The … Source: Claims Journal

Utility workers raced to restore power to parts of central California, after the latest atmospheric river struck the state with heavy rain and blasting winds, plunging parts of Silicon Valley into darkness. Falling trees took down power lines and blocked … Source: Claims Journal

RENO, Nev. (AP) — Most of Nevada was under an emergency declaration Monday in anticipation of more rain, from California to Utah, and more heavy snow in the Sierra where repeated storms already have made it one of the snowiest … Source: Claims Journal

Silicon Valley Bank’s collapse rattled the technology industry that had been the bank’s backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club … Source: Claims Journal

The start of a winter storm with heavy, wet snow led to hundreds of school closings, canceled flights and thousands of power outages in parts of the Northeast on Tuesday. The storm’s path included parts of New England, upstate New … Source: Claims Journal

MCPHERSON, Kan. (AP) — Union Pacific officials believe that a broken wheel likely caused this weekend’s derailment that spilled denatured alcohol inside a Kansas refinery. Railroad spokeswoman Kristen South said crews continued to clean up the site of the derailment … Source: Claims Journal

The poorly executed handoff of a claims file from a retiring claims adjuster to his replacement may have made USAA liable for a $5.2 million excess judgment. A panel of the 11th Circuit Court of Appeals on Tuesday reversed a … Source: Claims Journal

MANILA — Philippine authorities have increased efforts to contain an oil spill from a sunken fuel tanker that has affected coastal towns and was still spreading, the environment ministry said on Tuesday, as the country grapples with cleanup challenges. Improvised … Source: Claims Journal