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The COVID-era boom in trucking is definitely over. The trucking sector is experiencing one of its most challenging times, with trucking operators’ profitability dropping across all sectors, total costs continuing to rise, and freight tonnage and rates remaining stagnant or … Source: Claims Journal

Catastrophe modeling company KCC estimates that privately insured losses from Hurricane Melissa will hit $2.4 billion. This estimate includes insured damages to residential, commercial, and industrial properties in Jamaica and Cuba, according to Boston-based Karen Clark & Co. in its … Source: Claims Journal

Meta Platforms Inc., ByteDance Ltd., Alphabet Inc. and Snap Inc. must face trial over claims that they designed social media platforms to addict youths, a judge ruled, clearing the way for the first of thousands of cases to be presented … Source: Claims Journal

Boeing Co. will avoid a criminal charge over two fatal 737 Max crashes after a federal judge paved the way for a $1.1 billion settlement agreement, handing the embattled manufacturer a victory in a long-running legal battle. U.S. District Judge … Source: Claims Journal

Already suing the current CEO of Howden US and others, all former employees, broker Marsh has filed a new lawsuit against another group of former employees now at Howden US for breach of various employee contracts. The lawsuit filed Nov. … Source: Claims Journal

JPMorgan Chase & Co. was sued in London by an analyst who alleged she was paid less than a male colleague doing the same job and faced retaliation when she raised the issue with managers. Saidya Najeeb, who joined JPMorgan … Source: Claims Journal

The left engine came off a doomed United Parcel Service Inc. freighter moments before it crashed in a fireball near the company’s global hub in Kentucky, killing at least 12 people. Louisville Mayor Craig Greenberg said in a post on … Source: Claims Journal

Severe weather events are increasing in New York and certain types of events, including thunderstorm-related damaging wind and flash flooding, are also increasing, according to a new report from State Comptroller Thomas P. DiNapoli. Since 1998, New York State has … Source: Claims Journal

Bristol Myers Squibb reached a $239 million settlement of claims that former Celgene shareholders were defrauded about prospects for the psoriasis drug Otezla, and multiple sclerosis treatment now known as Zeposia. A preliminary settlement of the 7-1/2-year-old class action was … Source: Claims Journal

Rising parts costs, consumer affordability issues, changing vehicle technology and tariffs continue to impact the auto claims and repair landscape, experts say. Those were among the topics focused on during CCC Intelligent Solutions’ Q3 Crash Course webinar in late October, … Source: Claims Journal