Posts by Y@DminG

A wildfire that started Wednesday near Chico, California grew quickly to 45,549 acres overnight to become the state’s largest active blaze. Evacuation orders and warnings were issued, but the number of residents affected or properties damaged or destroyed has yet … Source: Claims Journal

Boeing Co. has completed an agreement with the US government to plead guilty to criminal conspiracy in connection with two fatal crashes of its 737 Max jetliner, setting the stage for a possible courtroom confrontation with relatives of those who … Source: Claims Journal

The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4 billion, modeling and insurance services firm Parametrix estimates. The portion of the loss covered under cyber insurance policies … Source: Claims Journal

SCA Claim Services named Ron Trozzo as a national director for its auto operations division. Trozzo has 15 years of experience in claims adjusting and collision management. Trozzo was most recently in claims with Tesla. SCA Claim Services is a … Source: Claims Journal

The Rev. John Parks was taking his first sabbatical in 40 years of ministry when he got a call from his church’s accountant with some bad news. Church Mutual, the church’s insurance company, had dropped them. “This does not make … Source: Claims Journal

Just 27% of Gen Z adults could correctly identify the insurance terms “deductible” and 29% knew how to define “copay,” a new survey shows. The survey from the National Association of Insurance Commissioners also found 22% of Gen Z respondents … Source: Claims Journal

After its nationwide rollout on Earth Day, the HeatRisk forecasting tool is getting a real-world test as deadly temperatures stress much of the US. Created by the US Centers for Disease Control and Prevention and the National Oceanic and Atmospheric … Source: Claims Journal

Electric car maker Rivian Automotive will go on trial over allegations that it encouraged its employees who defected from Elon Musk’s Tesla to steal trade secrets, according to a tentative ruling issued by a California judge. Judge Theodore C. Zayner … Source: Claims Journal

The highest court in Massachusetts has ruled that rainwater accumulation on roofs of buildings does not constitute “surface waters” within the meaning of “flood” in property insurance policies. The court found that the term “surface waters” in policies is ambiguous … Source: Claims Journal

CrowdStrike Holdings Inc., the cybersecurity company at the center of massive global IT outages, said that a bug in a quality-assurance tool the company uses to check updates for mistakes allowed flawed data to go out to customers, causing last … Source: Claims Journal