Posts by Y@DminG

A fire at Japanese industrial gas maker Kanto Denka Kogyo Co.’s factory is spurring concerns about possible disruptions to the semiconductor supply chain. Last week, a fire broke out at Samsung Electronics Co. and Kioxia Holdings Corp. supplier Kanto Denka’s … Source: Claims Journal

Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing certain documents underpinning its business were falsified. A … Source: Claims Journal

The world may be about to shift into a La Niña weather pattern, a development that would increase the risk of storms in the Atlantic as the height of hurricane season approaches there. Forecasters at the U.S. Climate Prediction Center … Source: Claims Journal

The world may be about to shift into a La Niña weather pattern, a development that would increase the risk of storms in the Atlantic as the height of hurricane season approaches there. Forecasters at the U.S. Climate Prediction Center … Source: Claims Journal

Despite allegations of fraud and padding of premiums, neither a Miami-based cargo insurance broker nor a Lloyd’s coverholder can be asked to pay punitive damages in a breach-of-contract dispute, a Florida appeals court decided last week. “A plaintiff … may … Source: Claims Journal

Tesla Inc. is looking to hire someone to test its driver-assistance technology on the streets of New York City, suggesting the carmaker could be looking to expand its ride-hailing services to the largest U.S. metropolis. A new job listing in … Source: Claims Journal

“Are you being serious?” Christopher Swift, chair and chief executive officer of The Hartford, was taken aback by a question from an analyst during the company’s second-quarter earnings call about the impact of litigation finance on the insurer’s results. “It’s … Source: Claims Journal

Forty-one former employees of Fannie Mae on Wednesday sued the company, its chief executive and Federal Housing Finance Agency Director Bill Pulte for alleged defamation related to their dismissals in April. The ex-employees of the government-controlled mortgage giant are seeking … Source: Claims Journal

European shipbuilder Fincantieri sued Owens Corning for fraud, accusing one of the largest global suppliers of fiberglass insulation of selling faulty fire-resisting panels, resulting in costly repairs and the delayed launch of at least two ships. In the lawsuit, filed … Source: Claims Journal

The Trump administration is proposing nearly $1 billion in funding to speed the development of U.S. critical minerals and materials, used in everything from electric vehicle batteries to semiconductors, the Energy Department said on Wednesday. The department intends to offer … Source: Claims Journal