Posts by Y@DminG

A crash that killed three passengers on a party bus on a Virginia highway was caused by a fatigued truck driver working for a company that allowed its drivers to log excessive hours, a federal report concluded this week. The … Source: Claims Journal

Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week that could pave the way for U.S. regulations on the technology evolving at warp speed. The proposal, aiming to reduce … Source: Claims Journal

General Motors was ordered by a federal appeals court to face a class action claiming it violated laws of 26 U.S. states by knowingly selling several hundred thousand cars, trucks and SUVs with faulty transmissions. The 6th U.S. Circuit Court … Source: Claims Journal

Elon Musk and Tesla Inc. won dismissal of a lawsuit claiming they pumped up the price of the cryptocurrency Dogecoin into a $258 billion “pyramid scheme.” Investors who lost tens of thousands of dollars investing in the token faulted Musk … Source: Claims Journal

The saga of the Murdaugh family in South Carolina continues, now with a convenience store company suing its liability insurers for failing to defend it against a second lawsuit stemming from the sale of beer to an underage Paul Murdaugh … Source: Claims Journal

The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall … Source: Claims Journal

Southern California Edison, a unit of utility Edison International said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018. Under the agreement with the … Source: Claims Journal

Typhoon Shanshan weakened to a tropical storm after hitting Japan’s southwestern island of Kyushu, with the government continuing to warn that landslides could be triggered by heavy rain as the weather system beats its way slowly across the country in … Source: Claims Journal

In the complicated and highly regulated world of workers’ compensation, predicting the trajectory and resolution of a claim can be an intricate challenge. The interactions among injured workers, employers, insurance adjusters and treating physicians significantly influence how quickly a claim … Source: Claims Journal

A Chinese hacking group exploited a software bug to compromise several internet companies in the United States and abroad, a cybersecurity firm said on Tuesday. Researchers at the firm Lumen Technologies said in a blog post that the hackers took … Source: Claims Journal