Archive for August 2024

Texas is facing its biggest test of the summer this week to keep the power on — and air conditioners running — as temperatures hit triple digits and push electricity consumption to all-time highs. Power use on the state grid … Source: Claims Journal

Does signing up for Disney’s popular streaming service mean you have agreed to never sue the entertainment giant over anything forever? That is what Disney argues in a wrongful death lawsuit involving a 42-year-old New York doctor whose family claims … Source: Claims Journal

Two U.S. lawmakers want the Biden administration to probe China’s TP-Link Technology Co and its affiliates for potential national security risks from their widely used WiFi routers over fears they could be used in cyber attacks against the U.S. Republican … Source: Claims Journal

The creeks around East Palestine, Ohio, were so badly contaminated by last year’s disastrous Norfolk Southern derailment that some workers became sick during the cleanup. Workers who reported headaches and nausea — while shooting compressed air into the creek bed, … Source: Claims Journal

German automaker BMW and its joint venture will recall a combined 1.36 million locally produced and imported cars in China due to potential risks with the Takata airbag, China’s market regulator said on Friday. The recalls, effective immediately, are for … Source: Claims Journal

A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers. Catastrophe bonds, which are issued by insurers, reinsurers and governments seeking an extra layer of disaster … Source: Claims Journal

New York Attorney General Letitia James and the attorneys general of Connecticut and New Jersey secured $4.5 million from Enzo Biochem Inc. for failing to safeguard the personal and private health information of its patients. Enzo is a biotechnology company … Source: Claims Journal

Total reconstruction costs in the U.S. rose by 5.2% from July 2023 to July 2024. That’s a large increase from the cost growth from July 2022 to July 2023 (4.0%) and over the cost growth in the second quarter (1.6%), … Source: Claims Journal

Sedgwick named Ronnie Adcock global practice leader for the marine business. Adcock was previously senior vice president of Sedgwick’s U.S. marine operations, a team he has overseen for more than 20 years. He has been with Sedgwick more than 25 … Source: Claims Journal

What’s in a name? Thousands of dollars, a lost job, denied insurance coverage and the possibility of a suspended law license for a Mississippi workers’ compensation attorney, apparently. It all has to do with injured workers – both named Dorothy … Source: Claims Journal