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Texas state lawmakers on Thursday dug into the causes and cast blame for deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand. Dual hearings in … Source: Claims Journal

Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and most of it could have been avoided, according to Enki Research disaster modeler Chuck Watson. Arctic cold brought ice and sub-zero temperatures … Source: Claims Journal

As regulators around the world order urgent inspections of certain Boeing Co. 777 engines after one failed dramatically over suburban Denver last Saturday, they must also wrestle with a decades-old quandary: The complex technology necessary to find cracks buried within … Source: Claims Journal

FRANKFURT — German reinsurance group Munich Re expects net profit to bounce back this year after more than halving in 2020 as the coronavirus crisis helped drive claims to a near-decade high. Major losses in 2020 for the virus and … Source: Claims Journal

Texas state legislators on Thursday started digging into the causes of deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand. Hearings are highlighting shortcomings by … Source: Claims Journal

LAS VEGAS (AP) — Class action lawsuits were filed in Nevada against 10 major auto insurance companies on Tuesday, contending that the companies charged excessive insurance premiums during the pandemic by failing to account for a drop in driving and … Source: Claims Journal

FORT LAUDERDALE, Fla. (AP) — A deaf former employee of a South Florida Costco store won’t be collecting $775,000 a federal jury awarded her in a discrimination and wrongful termination case. The U.S. Supreme Court on Monday declined to reconsider … Source: Claims Journal

RANCHO PALOS VERDES, Calif. (AP) — The steep stretch of road where Tiger Woods’ car hopped a median, rolled and crashed Tuesday is known for drivers hitting speeds so high that there is an emergency exit for runaway vehicles just … Source: Claims Journal

Successful subrogation against power companies is not a given. In determining whether the Electric Reliability Council of Texas (ERCOT) may be sued for its clear negligence in failing to properly winterize power production facilities and the power grid that it … Source: Claims Journal

Hyundai Motor Co. will recall about 82,000 electric cars globally and take an almost $900 million hit after the South Korean government found defects in some of the vehicles’ battery cells. The recall affects electric versions of the Kona crossover … Source: Claims Journal