Posts by Y@DminG

Another above-average hurricane season will threaten the Atlantic this year, with as many as six storms affecting the U.S., AccuWeather Inc. said. Between 13 and 18 storms will at least reach tropical storm strength, and seven to 10 of those … Source: Claims Journal

A Los Angeles Department of Water and Power (LADWP) above-ground power line near the Pacific Palisades was energized when the Palisades Fire began early this year, but that there is no evidence that the line contributed to the blaze, the … Source: Claims Journal

Ticketmaster may have broken U.K. law by selling some Oasis concert tickets for 2.5 times what it charged for other seats without informing the public of its pricing plans, regulators in London said. The Competition and Markets Authority began investigating … Source: Claims Journal

Ripple Labs agreed to settle a U.S. Securities and Exchange Commission civil lawsuit over the alleged sale of unregistered securities and pay just $50 million of a previously imposed $125 million fine, the cryptocurrency company’s chief legal officer said on … Source: Claims Journal

In the past few years, we’ve seen a significant rise in bad faith claims against insurers in the U.S. According to a 2022 article by Reuters, multiple jurisdictions have lowered barriers for insured parties, making it easier to establish bad … Source: Claims Journal

New bursts of yellow dot the hills of Mendocino County. Smears of burnt orange now span the aqueduct near Bakersfield. A fresh splash of crimson juts east of Chico like a fresh wound. With the release of its fourth and … Source: Claims Journal

Standard Chartered on Tuesday lost a bid to halve the value of a roughly 1.5 billion-pound ($1.94 billion) London lawsuit brought over allegations the lender broke U.S. sanctions against Iran in a more widespread way than it has previously admitted. … Source: Claims Journal

Aurora Innovation plans to allow its self-driving trucks to operate without a driver in inclement weather ahead of launching commercial trips this year in Texas, the company said on Tuesday. The autonomous trucks are expected to start operating on public … Source: Claims Journal

Scammers who share tricks with one another on social media are pushing auto loan fraud to record levels. The dollar amount of car loans involving fraud grew last year by more than 16% to $9.2 billion, according to a report … Source: Claims Journal

Several residents of Los Angeles who were affected by the deadly Palisades wildfire sued city authorities over claims that municipal utility power lines ignited the fire, according to a lawsuit filed Monday. The suit cited a Washington Post article dated … Source: Claims Journal