Archive for February 2021

As regulators around the world order urgent inspections of certain Boeing Co. 777 engines after one failed dramatically over suburban Denver last Saturday, they must also wrestle with a decades-old quandary: The complex technology necessary to find cracks buried within … Source: Claims Journal

FRANKFURT — German reinsurance group Munich Re expects net profit to bounce back this year after more than halving in 2020 as the coronavirus crisis helped drive claims to a near-decade high. Major losses in 2020 for the virus and … Source: Claims Journal

Texas state legislators on Thursday started digging into the causes of deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand. Hearings are highlighting shortcomings by … Source: Claims Journal

LAS VEGAS (AP) — Class action lawsuits were filed in Nevada against 10 major auto insurance companies on Tuesday, contending that the companies charged excessive insurance premiums during the pandemic by failing to account for a drop in driving and … Source: Claims Journal

FORT LAUDERDALE, Fla. (AP) — A deaf former employee of a South Florida Costco store won’t be collecting $775,000 a federal jury awarded her in a discrimination and wrongful termination case. The U.S. Supreme Court on Monday declined to reconsider … Source: Claims Journal

RANCHO PALOS VERDES, Calif. (AP) — The steep stretch of road where Tiger Woods’ car hopped a median, rolled and crashed Tuesday is known for drivers hitting speeds so high that there is an emergency exit for runaway vehicles just … Source: Claims Journal

Successful subrogation against power companies is not a given. In determining whether the Electric Reliability Council of Texas (ERCOT) may be sued for its clear negligence in failing to properly winterize power production facilities and the power grid that it … Source: Claims Journal

Hyundai Motor Co. will recall about 82,000 electric cars globally and take an almost $900 million hit after the South Korean government found defects in some of the vehicles’ battery cells. The recall affects electric versions of the Kona crossover … Source: Claims Journal

SEATTLE — Two years ago, after a second fatal 737 MAX crash in five months, Boeing Co worked behind the scenes to urge aviation regulators not to ground the jet. Its efforts went as far as the White House, with … Source: Claims Journal

LONG BEACH TOWNSHIP, N.J. (AP) — The federal government will recommend flood control measures including storm surge barriers, floodwalls, and elevating homes and other buildings in a report later this year on combating back bay flooding, a major problem in … Source: Claims Journal