Archive for April 2024

Stung by paying billions of dollars for settlements and trials, chemical giant Bayer has been lobbying lawmakers in three states to pass bills providing it a legal shield from lawsuits that claim its popular weedkiller Roundup causes cancer. Nearly identical … Source: Claims Journal

Workers’ compensation is a crucial safety net for employees who suffer injuries or illnesses in the workplace by providing financial support, rehabilitation and medical care. However, beyond the physical aspects of workplace injuries, the role of behavioral health in workers’ … Source: Claims Journal

Electric car sales already are in a funk in key markets around the globe. Challenges finding enough repair technicians threatens to further stifle demand in the UK, where consumer uptake has stagnated for the better part of two years. A … Source: Claims Journal

A federal appeals court has, at least for now, put an end to lingering questions about some property insurance claims litigation: The insured does not need to submit a competing damage estimate when filing a supplemental claim if the policy … Source: Claims Journal

Unseasonably warm winter weather cost businesses and event planners in the northern Plains and upper Midwest billions of dollars in estimated losses, according to estimates from AccuWeather. Minnesota, North Dakota, Wisconsin, Michigan and Iowa experienced the warmest winter on record, … Source: Claims Journal

The US Supreme Court made it easier for employees to sue over discriminatory job transfers, siding with a St. Louis police officer who says she was shifted to a different role against her will because she is female. The justices … Source: Claims Journal

The economic drivers of the U.S. property/casualty insurance industry are growing faster than the nation’s Gross Domestic Product and are expected to gain further momentum in the event of Federal Reserve monetary rate cuts, according to the Insurance Information Institute’s … Source: Claims Journal

When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility by the name of Xcel Energy Inc. was getting blamed for the massive blaze — a lawsuit pointed the finger … Source: Claims Journal

The first quarter Small Business Index, which measures small business owner confidence, is 62.3—similar to last quarter’s score of 61.3—reflecting a stable business climate. More small businesses see an improving economy, which drove the headline score up one point. One … Source: Claims Journal

Hawaiian Electric stock hit a 40-year low in the wake of a local news report that a probe of the devastating Maui fires does not find fault with first responders. Shares fell as much as 18% to $8.74, the lowest … Source: Claims Journal