Posts by Y@DminG

The toppled utility pole that Xcel Energy Inc. has been asked to preserve as potential evidence was inspected and marked with a “do not climb” symbol before the start of the worst wildfire in Texas history, photos seen by Bloomberg … Source: Claims Journal

Washington Insurance Commissioner Mike Kreidler on Wednesday sent a letter to insurers urging them to consider loosening personal property claim filing requirements for victims of last summer’s Spokane County wildfires. Insurance companies typically require policyholders to provide a full, itemized … Source: Claims Journal

Lyft has been sued by shareholders for securities fraud after a mistake in a recent earnings release about a key profit metric sent the ride-sharing company’s stock price on a wild ride up, and then down. In a proposed class … Source: Claims Journal

Berkshire Hathaway Inc.’s PacifiCorp was hit with at least another $29.3 million in damages for Oregon’s 2020 Labor Day fires, the latest blow for the company after Chairman Warren Buffett recently warned that he no longer views investments in western … Source: Claims Journal

Toyota Motor said it is recalling about 380,000 trucks in the United States over an axle issue that could increase the risk of a crash. The recall covers 2022 and 2023 model year Tacoma vehicles because an axle shaft separation … Source: Claims Journal

Risk is the “new normal” for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts. “There are going to be global tensions … and I think global … Source: Claims Journal

The workers’ compensation industry faces a daunting challenge: a severe shortage of qualified claims examiners. This crisis threatens to inflate costs, delay crucial benefit decisions, and undermine the quality of claims management. By understanding the root causes and implementing proactive … Source: Claims Journal

California’s Division of Occupational Safety and Health recently increased penalties for certain violations, with some maximum penalties planned to rise as much as $4,983 this year, a smaller increase than in the past. This annual Cal/OSHA increase is required by … Source: Claims Journal

The total number of common vulnerabilities and exposures (CVEs) is expected to increase by 25% in 2024 to 34,888 vulnerabilities, or roughly 2,900 per month, according to a new report by Coalition. Coalition published its Cyber Threat Index 2024, detailing … Source: Claims Journal

Settlements and judgments under the False Claims Act exceeded $2.68 billion in the fiscal year ending Sept. 30, 2023, according to the Attorney General’s office. The False Claims Act imposes treble damages and penalties on those who knowingly and falsely … Source: Claims Journal