Posts by Y@DminG
FirstEnergy Had Big Stake in Tainted Nuclear Plant Bailout
CLEVELAND — FirstEnergy Corp. was once blamed for its part in triggering North America’s largest blackout nearly 20 years ago. Now, the multistate power company is again facing intense scrutiny — this time for its role in an alleged $60 … Source: Claims Journal
Read MoreBusiness News: Gradient AI, Betterview, Flyreel and Snapsheet
Gradient AI Teams Up With Origami and Sapiens Gradient AI has formed partnerships with Origami Risk and Sapiens to make Gradient’s claims and policy modeling and predictive modeling available on the Origami’s risk management and Sapiens’ workers’ compensation platforms. Gradient, … Source: Claims Journal
Read MoreLabor Dept. Offers Overtime Guidance to Employers With Remote Workers
The U.S. Labor Department is reminding employers that they must make a reasonable effort to keep track of all hours worked by non-exempt employees — even those working varied hours from home due to the COVID-19 pandemic. The department’s Wage … Source: Claims Journal
Read MoreAnalysts Warn of Effects of Hurricane Laura Losses on P/C Insurers
Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place added stress on its rated insurance companies’ balance sheets, which it adds … Source: Claims Journal
Read MoreEnergy Firms Tally Hurricane Damage, Plot Restarts as Laura Races North
U.S. energy companies on Thursday were organizing crews and beginning to review offshore Gulf of Mexico platforms and assess damage to coastal operations as Hurricane Laura took its fierce winds inland. The storm hit Louisiana early Thursday with 150 mile-per-hour … Source: Claims Journal
Read MoreBoeing Max Breakthrough Has Key Europe Tests Set for Canada
Boeing Co.’s grounded 737 Max jet took a major step toward a return to flying after Europe’s air-safety regulator said it would send pilots to Canada to conduct test flights, overcoming Covid 19-related travel curbs. The European Union Aviation Safety … Source: Claims Journal
Read MoreHurricane Laura and the California Fires Are Part of the Same Crisis
As Hurricane Laura pounded the U.S. Gulf Coast with nearly 150 mile-per-hour winds, causing water levels to rise almost 10 feet above normal in the wee hours of the morning, wildfires in California were still raging across more than a … Source: Claims Journal
Read MoreMcDonald’s Internal Investigation Extends Beyond Ousted CEO
An internal investigation by McDonald’s of potential misconduct has extended beyond its former CEO who was forced out late last year. McDonald’s board of directors has hired an outside law firm as part of a probe into its human resources … Source: Claims Journal
Read MoreExotic Dancer Involved in 2010 Crash Gets $8.6M From Insurer
WORCESTER, Mass. — A former exotic dancer seriously injured in a 2010 car crash with an off-duty Massachusetts police officer has been paid about $8.6 million by the insurance company for the strip club, according to court records. Kailee Higgins … Source: Claims Journal
Read MoreWeather, Reinforcements Helping in California Wildfire Fight
VACAVILLE, Calif. — Firefighters hard-pressed by some of the largest wildfires in California history scrambled Wednesday to take advantage of cooler weather and an influx of aid as they carved and burned containment lines around the flames to prevent more … Source: Claims Journal
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