Posts by Y@DminG

Intercontinental Terminals Company LLC agreed to pay more than $6.6 million to federal and state natural resource trustees to resolve claims for natural resource damages resulting from a 2019 fire at ITC’s Deer Park terminal facility near Houston that released … Source: Claims Journal

German software developer Andres Freund was running some detailed performance tests last month when he noticed odd behavior in a little-known program. What he found when he investigated has sent shudders across the software world and drawn attention from tech … Source: Claims Journal

A lawyer for a Credit Suisse trust seeking to overturn the $743 million in damages the bank owes to Georgian billionaire Bidzina Ivanishvili said the staff responsible did their “incompetent best.” In a surprise concession to the challenge the Swiss … Source: Claims Journal

Dog-related injury claims payouts are now more than $1 billion. U.S. insurers paid out $1.12 billion in dog-related injury claims in 2023, according to a report from the Insurance Information Institute and State Farm. Dog bite and related injury claims … Source: Claims Journal

A migrant farmworker who survived a mass shooting last year at a Northern California mushroom farm has filed a lawsuit against the farm and one of its owners, saying they failed to keep him safe from the colleague who authorities … Source: Claims Journal

As generative AI transitions from an emerging innovation to a tried-and-true tool, this multi-use technology has given way to key use cases for the risk and insurance space. According to a recent study, by the end of 2023, half of … Source: Claims Journal

New technologies and rising labor costs are putting pressure on auto insurance carriers and auto repairers by making repairs more costly and increasing repair times, trends that a new report asserts are “reshaping” the industries. The bottom-line message: Newer vehicles … Source: Claims Journal

A worker burned in a 2022 explosion during renovation work on the University of Wisconsin’s Camp Randall Stadium has settled his lawsuit against the project’s general contractor for $22 million, his attorney says. The settlement in Jeremy Rose’s lawsuit against … Source: Claims Journal

Bayer AG’s Monsanto unit persuaded a Missouri judge to cut almost $1 billion from a $1.5 billion jury verdict that was one of the largest in the six years the company has been fighting thousands of claims that its Roundup … Source: Claims Journal

Tesla Inc. is headed for its highest-profile trial yet over a crash blamed on Autopilot, the driver-assistance system Elon Musk has billed as crucial to his pursuit of self-driving cars. The electric-vehicle maker prevailed in two previous trials in California … Source: Claims Journal