Archive for November 2020
Pimco Accused of ‘Fraternity Culture’ in Suit by Female Workers
Allianz SE’s Pacific Investment Management Co. was sued by a pair of female workers who allege the money manager operates as a fraternity that favors white males. Sue Collazo and Lisa Anthony, employees at the firm’s Newport Beach office, say … Source: Claims Journal
Read MoreSouthwest Prepares 737 MAX Jets’ Return From Desert, Says Some Customers Wary
CHICAGO, Nov 19 — Southwest Airlines has sent a team of mechanics to Victorville, California, to start the long process of bringing its 34 Boeing 737 MAX jets out of their desert hibernation, after the planes’ permission to fly was … Source: Claims Journal
Read MoreNRA Pays $2.5M After NY Probe into ‘Dangerous’ Insurance
ALBANY, N.Y. — The National Rifle Association is banned from marketing insurance in New York for five years and will pay $2.5 million to settle an investigation into “dangerous” policies promoted to gun owners as a way to cover costs … Source: Claims Journal
Read MoreHurricane Iota’s Destruction Coming into Focus in Nicaragua
MANAGUA, Nicaragua — Piles of wind-tossed lumber used to be homes. Concrete walls have been pounded into painted chunks. Colorful pieces of clothing hang from tree branches. The devastation caused by Hurricane Iota became clear Wednesday as phone and internet … Source: Claims Journal
Read MoreNorthern California Agencies Sue PG&E Over 2019 Wildfire
SANTA ROSA, Calif. — Sonoma County and several Northern California agencies sued Pacific Gas & Electric Co. on Tuesday over damage caused by a wildfire that burned a large swath of land last year and caused nearly 100,000 people to … Source: Claims Journal
Read MoreWildfire Destroys Multiple Reno Homes; Hundreds Threatened
RENO, Nev. — A fast-moving wildfire driven by strong winds destroyed or damaged about 20 homes in two Reno foothills neighborhoods and forced the evacuation of hundreds more on the edge of the Sierra Nevada foothills, authorities said Wednesday. It … Source: Claims Journal
Read MoreCOVID Exposing Small Businesses to ‘Staggering’ Number of Employment Lawsuits
A disproportionate share of employment lawsuits related to COVID-19 have been filed against small businesses, reversing the usual trend of the deepest pockets attracting the most litigation. The Fisher Phillips law firm discovered when it updated its COVID-19 employment law … Source: Claims Journal
Read MoreU.S. Upgrades Safety Probe Into Nearly 159,000 Tesla Vehicles
WASHINGTON — The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it was expanding a probe into nearly 159,000 Tesla Model S and Model X vehicles, upgrading it to an engineering analysis, a step required before it can … Source: Claims Journal
Read MoreLloyd’s of London Sees Global Pandemic Insurance Losses Above Previous Estimate
Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had previously estimated, its Chairman Bruce Carnegie-Brown said on Wednesday. Carnegie-Brown told the Reuters Events Future of Insurance USA conference that … Source: Claims Journal
Read MoreBoy Scouts Aim to Settle 95,000 Abuse Claims Before Cash Crunch
More than 95,000 victims have filed sexual-abuse claims against the Boy Scouts of America, and the organization risks running out of cash if it can’t settle the claims and exit bankruptcy by summer 2021, the group said in court Wednesday. … Source: Claims Journal
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