Archive for February 2024

The risk of flash flooding and landslides persists for 21 million people across California as rains from a deadly atmospheric river keep falling throughout the day. Flood watches continue across Southern California, where about an additional 0.5 to 0.75 inch … Source: Claims Journal

Bayer AG suffered a blow to its efforts to put a lid on the expensive and long-running litigation over its Roundup weedkiller, as a US appeals court ruled against it. In an opinion Monday, the 11th US Circuit Court of … Source: Claims Journal

A New York university-connected research foundation has filed a lawsuit against Japan chip materials maker JSR 4185.T, court documents show, saying the company has commercialized its technology without permission. JSR is a top manufacturer of photoresists, which are chemicals used … Source: Claims Journal

Britain’s most prominent business group, the Confederation of British Industry, has reached a settlement with its former chief Tony Danker who was dismissed following complaints of workplace misconduct. Danker was sacked as director general of the CBI last April after … Source: Claims Journal

Johnson & Johnson was sued by an employee who said the company’s health plan wasted workers’ money by paying inflated prices for prescription drugs. In one instance, the health plan agreed to pay more than $10,000 for a drug to … Source: Claims Journal

]A second contractor has reached a $25 million settlement over its role in Flint, Michigan’s lead-contaminated water scandal. The class-action litigation agreement includes payments of $1,500 for individual minors, according to Boston-based Veolia North America. The company says the agreement … Source: Claims Journal

The preliminary total damage and economic loss from the intense storms and record rainfall in California this week will be between $9 billion and $11 billion, according to AccuWeather estimates released on Monday. The atmospheric river hit California Saturday and … Source: Claims Journal

Fintech firm EquiLend said on Friday some services, including trading and post-trading solutions, had been restored, more than a week after it suffered an outage due to unauthorized access to its systems. EquiLend, a company at the heart of securities … Source: Claims Journal

Broker Marsh said the composite rate change at renewal for U.S. commercial lines was up 3% in the fourth quarter 2023, led by an 11% increase in property rates. The Marsh Global Insurance Market Index said it was the 25th … Source: Claims Journal

Boeing Co. found more mistakes with holes drilled in the fuselage of its 737 Max jet, a setback that could further slow deliveries on a critical program already restricted by regulators over quality lapses. The latest manufacturing slip originated with … Source: Claims Journal