News
If a shortage of replacement parts and growing claim severity are not enough to contend with, auto insurers are also coping with a labor shortage among auto repair shops that is driving up claim costs, according to CCC Intelligent Solutions. … Source: Claims Journal
The Oklahoma Supreme Court on Tuesday overturned a $465 million judgment against Johnson & Johnson in a lawsuit by the state alleging the drugmaker fueled the opioid epidemic through the deceptive marketing of painkillers. The decision marked the latest setback … Source: Claims Journal
Live Nation Entertainment Inc. is being targeted by more than a dozen lawsuits over the deadly crush of concertgoers at the promoter’s Astroworld Festival in Houston last week, but at least one expert says it may be too early to … Source: Claims Journal
Robinhood Markets Inc. caught criticism last year for its shortcomings in customer support. After racing to staff up, the company has a new problem: a customer service representative mishap allowed a hacker to steal the personal information of about 7 … Source: Claims Journal
SEOUL/WASHINGTON — The U.S. auto safety regulator announced on Tuesday its first-ever reward to a whistleblower, handing out more than $24 million to a former Hyundai Motor Co employee who provided key information about safety lapses at the South Korean … Source: Claims Journal
A U.S. federal judge on Monday ruled United Airlines Holdings Inc can impose a COVID-19 vaccine mandate on its employees that only provides unpaid leave for workers who are exempted for medical or religious reasons. U.S. District Judge Mark Pittman … Source: Claims Journal
CHARLESTON, S.C. (AP) — A strong storm off the Southeast coast combined with periodic higher tides Sunday, causing coastal flooding that approached levels rarely seen outside of hurricanes along the South Carolina and Georgia coasts, officials said. Scientists have said … Source: Claims Journal
LOUISVILLE, Ky. (AP) — Four former coal mine officials are being tried on criminal fraud charges in Kentucky for allegedly skirting federal rules meant to reduce deadly dust in underground mines. The men worked as managers or supervisors for now-bankrupt … Source: Claims Journal
HOUSTON — Phillips 66 on Monday said it would convert its Alliance refinery in Belle Chasse, Louisiana, to an oil terminal, after a short-lived attempt to sell the hurricane-damaged facility. The 50-year-old oil refinery was severely damaged after several feet … Source: Claims Journal
Global warming has already driven an 11% increase in insured wind losses and those losses will grow by an additional 10% to 19% by 2050, Karen Clark & Co. said in a paper released Monday. The catastrophe risk modeling firm … Source: Claims Journal