Posts by Y@DminG
GM Halts Vehicle Production at Two US Plants Due to Hurricane Helene
General Motors has temporarily halted truck and SUV production at two assembly plants in Texas and Michigan because of impacts to its suppliers due to Hurricane Helene, the automaker said Friday. The Detroit automaker said production at Flint Assembly and … Source: Claims Journal
Read MoreLong COVID Claims Still Impact California’s Workers Comp System, Report Shows
The impact and surge of long-term COVID on the California workers’ compensation system since 2020 has been prevalent, including long-term impacts on disability and long-term patterns of medical cost and treatment on long COVID claims. That’s from a report by … Source: Claims Journal
Read MoreCoreLogic Increases Total Insured Loss Estimate From Hurricane Helene to $10.5B-$17.5B
Total insured loss from Hurricane Helene is now estimated at between $10.5 billion and $17.5 billion—a figure that continues to grow as more damages are assessed, pushing catastrophe modelers to continually revise estimates upward. The estimate out from CoreLogic on … Source: Claims Journal
Read MoreSmith & Wesson Gets Supreme Court Review on Mexico Gun Suit
The U.S. Supreme Court will consider tossing out a Mexican government lawsuit accusing Smith & Wesson Brands Inc. and other gunmakers of facilitating firearm sales to people connected to the country’s violent drug cartels. In a case that could bolster … Source: Claims Journal
Read MoreThe US’s Flood Insurance Program Is Making More Repeat Payouts
When Hurricane Helene barreled ashore last week, it caused devastating flooding across the southeastern U.S., including in the Shore Acres area of St. Petersburg, Florida. The neighborhood saw 6 feet of storm surge, which flooded roads and homes. It was … Source: Claims Journal
Read MoreMayorkas Warns FEMA Doesn’t Have Enough Funding to Last Through Hurricane Season
The Federal Emergency Management Agency can meet immediate needs but does not have enough funding to make it through the hurricane season, Homeland Security Secretary Alejandro Mayorkas told reporters this week. The agency is being stretched as it works with … Source: Claims Journal
Read MoreNHTSA Opens Probe into 360K Ford SUVs Over Loss of Braking
A U.S. auto safety regulator said on Friday it was investigating 368,309 Ford crossover SUVs in the country over loss of braking caused by rear brake hose failure. The preliminary evaluation covers some Ford Edge crossovers from model years 2015-2017, … Source: Claims Journal
Read MoreShipping Containers Are Regularly Lost at Sea. What Happens When They Burst Open?
Russ Lewis has picked up some strange things along the coast of Long Beach Peninsula in Washington state over the years: Hot Wheels bicycle helmets with feather tufts, life-size plastic turkey decoys made for hunters, colorful squirt guns. And Crocs … Source: Claims Journal
Read MoreBecton Dickinson Hernia-Mesh Settlements Will Exceed $1 Billion
Becton Dickinson & Co. will pay more than $1 billion to resolve more than 38,000 lawsuits alleging medical patients suffered damaged organs from surgical mesh improperly used to treat hernias, according to people familiar with the deal who weren’t authorized … Source: Claims Journal
Read MoreTexas Attorney General Sues Insulin Makers and Pharmacy Middlemen Over High Costs
The Texas attorney general has sued leading insulin manufacturers and pharmacy benefit managers (PBMs), accusing them of collaborating to inflate the cost of insulin. Texas Attorney General Ken Paxton’s office said on Thursday it had sued insulin makers Eli Lilly, … Source: Claims Journal
Read More