Archive for March 2023

A train hauling ethanol and corn syrup derailed and caught fire in Minnesota early Thursday and nearby residents were ordered to evacuate their homes, authorities said. The BNSF train derailed in the town of Raymond, roughly 100 miles (161 kilometers) … Source: Claims Journal

The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve supervisors and other regulators, the banking system’s top cop on Wednesday told U.S. lawmakers demanding answers for the lender’s swift collapse. “I think that any … Source: Claims Journal

Walmart Inc. was sued on Thursday by the U.S. Equal Employment Opportunity Commission (EEOC), the agency’s second lawsuit this week accusing the largest U.S. retailer of discrimination against workers with disabilities. The EEOC said Walmart illegally demoted Calvin Hagan for … Source: Claims Journal

Last week’s fatal blast at a Pennsylvania chocolate factory highlighted the combustibility of food plants in general and chocolate making in particular. The powerful explosion at 75-year-old R.M. Palmer Co. – which makes chocolate eggs, bunnies, bars, coins and other … Source: Claims Journal

A federal judge in Chicago on Wednesday ruled that home sellers accusing the National Association of Realtors and a group of real estate brokerages of conspiring to inflate commission rates can move forward as a class action. U.S. District Judge … Source: Claims Journal

Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures about the safety of its dams prior to a 2019 dam collapse in Brazil that killed 270 people, the U.S. … Source: Claims Journal

Dollar General Corp.’s stores are as ubiquitous in small-town America as Starbucks cafes in cities and suburbia. And just like the coffee giant, it’s facing increasing criticism over worker treatment that could disrupt one of the retail industry’s most successful … Source: Claims Journal

Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg, and the country’s energy officials are voicing concerns about the situation. The Group of Seven … Source: Claims Journal

Citizens Property Insurance Corp. has weighed in on a question that could shake up the appraisal process in Florida insurance claims disputes, urging state regulators to require that appraisers be licensed adjusters. In a motion to intervene in a petition … Source: Claims Journal

PG&E Corp. plans to invest $18 billion in wildfire prevention through 2025 following back-to-back seasons of devastating blazes linked to the utility’s network of wires and other equipment. PG&E will bury more than 2,000 miles (3,200 kilometers) of wires, install … Source: Claims Journal