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Cracks Found on 5% of Older Boeing 737 Planes in Inspections
More than 5% of older Boeing Co. 737 jets that underwent urgent inspections worldwide in the past week have cracks in a structure connecting the wings to the fuselage and will have to be temporarily grounded. So far, 36 of … Source: Claims Journal
Read MoreCalifornia Blackout Spreads as Cities Brace for Days in the Dark
The unprecedented power shutdown by California’s PG&E Corp. has spread deeper into cities near San Francisco, ensnaring millions of people and raising the prospect that much of a major metropolitan area could go days without electricity. The bankrupt utility began … Source: Claims Journal
Read MoreNew York Sues Online E-Cigarette Sellers Amid Vape Crackdown
New York City sued more than a dozen online retailers for allegedly selling e-cigarettes to underage residents, expanding a U.S. crackdown on the industry after a wave of lung illnesses tied to vaping. The city asked a federal judge in … Source: Claims Journal
Read MoreJudge Strips PG&E of Exclusive Control Over Recovery Plan
California power giant PG&E Corp. was stripped of its right to exclusively pitch a reorganization plan in court, escalating an already-heated battle over the largest utility bankruptcy in U.S. history. The shares dropped more than 25% in after-hours trading. U.S. … Source: Claims Journal
Read MoreTo Live or Die by Google Search Brings an Escalating Cost
“Where’s the best place to hide a body? The second page of a Google search.” The gallows humor shows that people rarely look beyond the first few results of a search, but Lee Griffin isn’t laughing. In the 13 years … Source: Claims Journal
Read MoreAmerican Airlines Cancels 737 Max Flights Until Jan. 16
American Airlines Group Inc on Wednesday extended cancellations of Boeing 737 MAX flights through Jan. 15, running contrary to the U.S. planemaker’s promises that the grounded jets would be flying again before the year-end. The largest U.S. airline, which had … Source: Claims Journal
Read MorePurdue’s Sacklers Get Closer to an Opioid Trial in Massachusetts
Purdue Pharma LP’s billionaire owners, the Sackler family, are a step closer to a trial in Massachusetts over their role in the opioid epidemic, after a judge said the state had made credible allegations of misconduct in marketing of the … Source: Claims Journal
Read MoreJ&J Unit Ordered to Pay $8 Billion Over Anti-Psychotic Drug
Johnson & Johnson’s Janssen unit was hit with an $8 billion punitive-damages verdict — the largest jury award in the U.S. this year — over its alleged mishandling of an anti-psychotic drug blamed for causing adolescent boys to grow female-sized … Source: Claims Journal
Read MoreViewpoint: Scrutiny Undermines Argument that Cyber Insurance Encourages Ransomware
As the cyber insurance market continues to grow, it’s only natural to discuss its place in the battle against cyber-attacks, including ransomware, which has been a prevalent topic in recent months. Over the last several years, the cyber insurance market … Source: Claims Journal
Read MorePG&E Cuts Power to Half a Million in California on Fire Risk
PG&E Corp., the California utility giant forced into bankruptcy by devastating wildfires, has cut power to 513,000 customers in the first phase of its biggest-ever intentional blackout to keep power lines from sparking more blazes. The shutdowns in Northern California … Source: Claims Journal
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