Posts by Y@DminG

New York is considering asking propert/ casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure is one of several options under discussion as the state’s Department … Source: Claims Journal

A former top executive with Sony Group Corp.’s Bungie video-game studio sued his former employers, claiming they destroyed his reputation by insinuating he had engaged in sexual misconduct and fired him to avoid paying him the nearly $50 million he … Source: Claims Journal

Mega claims in workers’ compensation represent far less than 1% of total workers’ comp claims yet account for more than 2% of total loss dollars, and total in excess of $1 billion each year, a new study from 10 state … Source: Claims Journal

The National Highway Traffic Safety Administration announced $171 million in grants to 19 states and territories to upgrade and standardize their crash data systems. The system upgrades are intended to improve the accuracy, timeliness, and accessibility of fatality information, including … Source: Claims Journal

Texas Attorney General Ken Paxton filed a lawsuit on Dec. 11 against manufacturers 3M and DuPont for misrepresenting the health risks of products made with forever chemicals The lawsuit alleges the companies for decades manufactured, marketed, and sold an array … Source: Claims Journal

Product recalls are at the top of consumers’ minds ahead of a busy retail season and following a series of high-profile food industry recalls. Brands often fear the risks and setbacks that come with managing a recall. But recalls don’t … Source: Claims Journal

A federal court on Wednesday affirmed a federal judge’s 2021 ruling imposing a $14.25 million penalty on Exxon Mobil for thousands of violations of the federal Clean Air Act at the company’s refinery and chemical plant complex in Baytown. The … Source: Claims Journal

Florida lawmakers established the Birth-Related Neurological Injury fund in 1988 to provide a no-fault remedy for parents of children with certain injuries incurred at birth, with an aim toward reducing the soaring cost of medical malpractice claims. But hospitals cannot … Source: Claims Journal

All it takes is one hacker and a batch of faulty solar panels to threaten the safety of Europe’s electric grid. Vangelis Stykas, a cybersecurity consultant, said he figured out how to do it. Using a laptop and smartphone at … Source: Claims Journal

Starbucks Corp.’s system for logging employee hours is back online nearly three weeks after a vendor hack had forced the company to keep track of schedules by hand. Starbucks worked with third-party software supplier Blue Yonder Group, which was hit … Source: Claims Journal