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Insured Losses From Los Angeles Wildfires Rising: $8B to $20B

Editor’s note: This story has been updated with new AccuWeather total loss estimates. With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of destructive Los Angeles area blazes are sure … Source: Claims Journal

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Judge Approves Tesla Directors’ Deal to End Excess Pay Case

Tesla directors including Chair Robyn Denholm and James Murdoch got court approval on Wednesday for a settlement worth up to $919 million that requires they return compensation to the carmaker to resolve allegations they overpaid themselves. The settlement requires Tesla … Source: Claims Journal

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White House Rushes to Finish Cyber Order After China Hacks

The Biden administration is racing to put out an executive order meant to shore up U.S. cybersecurity in its dwindling days in office, according to four people familiar with the matter. The executive order, which has cleared some internal hurdles … Source: Claims Journal

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