Archive for August 2024

The Federal Emergency Management Agency approved more than $61 million for Iowa residents who experienced damage from this spring’s flooding, severe storms and tornadoes. FEMA said has provided $56 million in Individual Assistance money to help survivors with home repairs, … Source: Claims Journal

General Motors has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to collect data about drivers, which it then sold to insurers and other companies without drivers’ consent. … Source: Claims Journal

The U.S. Securities and Exchange Commission on Monday sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide, including many Haitian-Americans. NovaTech and co-founders Cynthia and Eddy Petion … Source: Claims Journal

General Motors is recalling 21,469 electric SUVs in the U.S. over concerns of an unexpected activation of the anti-lock brake system, and will remedy the issue through an over-the-air update, the National Highway Traffic Safety Administration said on Tuesday. The … Source: Claims Journal

Avon Products Inc., owner of the beauty brand known for its door-to-door saleswomen, filed for bankruptcy after facing a wave of lawsuits alleging talc in its products caused cancer. The company filed for Chapter 11 in Delaware on Monday as … Source: Claims Journal

More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire damage during the 2024 wildfire season, a new report shows. The 2024 CoreLogic Wildfire Risk … Source: Claims Journal

In 2022, a covert practice by unscrupulous lawyers targeting insurers was uncovered by Demotech Inc., a financial analysis firm serving the property/casualty insurance sector. Demotech’s research conducted with Todd Kozikowski exposed troubling trends detailed recently. A sharp rise in claims … Source: Claims Journal

The family of a Texas man who died while working at Tesla’s Austin-area facility last week is suing the electric vehicle company and his employer. The lawsuit said the worker, Victor Joe Gomez Sr., was at the facility on Aug. … Source: Claims Journal

Plaintiffs’ attorneys in a federal antitrust lawsuit against the NCAA that is not part of a recent $2.78 billion settlement agreement filed a motion asking a judge to deny preliminary approval of the deal. Attorneys in Fontenot v. the NCAA, … Source: Claims Journal

Johnson & Johnson has cleared a key hurdle for advancing a $6.5 billion plan to resolve thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter. More than 75% of … Source: Claims Journal