Posts by Y@DminG

NEW YORK/FRANKFURT — Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as … Source: Claims Journal

Demand for electricity in Texas will reach record levels on Monday and Tuesday as consumers crank up their air conditioners to escape a heat wave baking much of the U.S. Southeast, according to projections by the state’s power grid operator. … Source: Claims Journal

Zurich Insurance Group AG said it will exceed all of its financial targets as the global insurer benefits from a three-year turnaround plan that slashed costs. The combined ratio, a key measure of underwriting performance, declined to 95.1%, the company … Source: Claims Journal

Life does not always turn out quite like we planned. If you had asked me at age 16 what I was going to be when I grew up, without hesitation I would have told you about my future as an … Source: Claims Journal

Greenlight Re Invests in Handdii Greenlight Re Innovations, a specialist property and casualty reinsurance company headquartered in the Cayman Islands, has investment in Handdii Pty Ltd., a property insurance claims fulfillment platform. Handdii, an insurtech based in Melbourne, Australia, provides … Source: Claims Journal

People who cheat on their spouses are a lot more likely to engage in misconduct in the workplace, according to a new academic study. The researchers looked at the records of police officers, financial advisers, white-collar criminals and senior executives … Source: Claims Journal

HONOLULU — Honolulu police said Wednesday surveillance video recorded images of the same man at three different high-rise hotels near Waikiki Beach where fires were intentionally set in recent days. Two rooms were burglarized while guests were evacuated from one … Source: Claims Journal

PG&E Corp., the bankrupt California utility giant, reported a $2.6 billion second-quarter loss and said it expects more charges this year tied to wildfires that devastated the state in 2017 and 2018. The company, which didn’t provide an outlook for … Source: Claims Journal

When you visit a meat plant, humans are completing tasks like stacking pallets and packing chicken drumsticks. But Tyson Foods Inc. thinks robots can do it all. The U.S. meat giant is betting that automation and robotics can alleviate a … Source: Claims Journal

Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An agreement, which could take months to work out, … Source: Claims Journal