Posts by Y@DminG

Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two … Source: Claims Journal

A sharp decline in claim frequency helped the commercial auto line achieve its best underwriting performance in a decade last year, but rising claim severity threatens to erode profits as traffic returns to US roadways, according to a report released … Source: Claims Journal

Utility giant PG&E Corp. rejected criminal liability for its role in a 2019 wildfire that burned 78,000 acres in Northern California, arguing that a local prosecutor is twisting state law in an attempt to find the company culpable. Sonoma County … Source: Claims Journal

NEW ORLEANS (AP) — Hurricane Zeta, which swept through southeast Louisiana at the tail end of the 2020 hurricane season, has been upgraded to a major, Category 3 storm at Louisiana landfall, according to a federal report released Tuesday that … Source: Claims Journal

After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of motor fuels after a crippling cyberattack led to fuel shortages across East Coast states. The Colonial Pipeline, which carries 100 … Source: Claims Journal

NASHVILLE, Tenn. (AP) — More than 20 hospitals want a slew of documents from a drug manufacturer made public after a Tennessee judge ruled against the company without a trial in a lawsuit over the opioid epidemic, saying the company … Source: Claims Journal

ANN ARBOR, Mich. (AP )– Staff at the University of Michigan missed many opportunities to stop a doctor who committed sexual misconduct for decades with long-term consequences for hundreds of patients, including generations of student athletes, a law firm hired … Source: Claims Journal

SALEM, Ore. (AP) — A Willamette Valley grass seed dealer accused of mislabeling over 8 million pounds of seed will pay $300,000 in a settlement with Oregon state agriculture officials. Dynamic Seed Source LLC and owner Trevor Abbott have agreed … Source: Claims Journal

A crew member aboard a Cuba-flagged oil tanker on its way from a Mexican shipyard to Venezuela was reported missing this week, according to a shipping report seen by Reuters, marking the second incident aboard the same vessel in about … Source: Claims Journal

Because of “ambiguous” policy language in a complicated insurance contract, a directors and officers insurer may be liable for more than $600,000 in legal fees paid by the founder of a business that was sued by its investors. A panel … Source: Claims Journal