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PG&E Plunges as It Races to Meet Governor Bankruptcy Demand
PG&E Corp. shares plummeted after California Governor Gavin Newsom rejected its bankruptcy restructuring plan, forcing the company to make sweeping changes to meet his demands. The state’s largest power company has until Tuesday to address conditions that Newsom laid out … Source: Claims Journal
Read MoreBankrupt Philadelphia Refinery Expects Second Insurance Payment
Insurers of Philadelphia Energy Solutions (PES) have indicated they will make a second payment of $15 million from its property policy in connection to the June fire and subsequent shutdown of the plant, court documents showed. The payout will be … Source: Claims Journal
Read MoreInsurers Balk at Defending Sexual Misconduct Claims; Weinstein No Exception
While Harvey Weinstein’s insurers have reportedly agreed to pay $47 million to settle civil suits against the movie producer, most policyholders should prepare for an epic legal battle just to get their insurers to defend them against accusations of sexual … Source: Claims Journal
Read MoreAgency Probes 12th Tesla Crash Tied to Possible Autopilot Use
WASHINGTON — The U.S. auto safety agency said on Friday it will investigate a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in … Source: Claims Journal
Read MoreFamily Files Lawsuit Over Deadly New Mexico School Shooting
FARMINGTON, N.M. — The family of a New Mexico student who was killed when a gunman opened fire inside Aztec High School in 2017 is suing the school district and police, saying more could have been done to prevent the … Source: Claims Journal
Read MoreMontana, Wyoming Governors Seek Federal Disaster Relief for Crops
BILLINGS, Mont. — Montana’s governor requested a disaster designation from the U.S. Department of Agriculture for 11 counties that reported significant weather-related crop losses, officials said. Democratic Gov. Steve Bullock has submitted the request to Agriculture Secretary Sonny Perdue, The … Source: Claims Journal
Read MoreReport: North Korean Hackers are Working with Eastern European Cybercriminals
North Korean state-backed hackers appear to be cooperating with Eastern European cybercriminals, a report said on Wednesday, a finding that suggests digital gangsters and state-backed spies are finding common ground online. Mountain View, California-based SentinelOne says that the Lazarus Group … Source: Claims Journal
Read MoreAnother Massive Takata Recall Looms for Large Batch of Air Bags
Global automakers may face another potentially huge air-bag recall as the U.S. transport regulator evaluates the long-term safety of inflators made by bankrupt supplier Takata. The manufacturing entity left after the supplier’s implosion faces a Dec. 31 deadline toshow the … Source: Claims Journal
Read MoreVale Report Blames Water Level for Brazil Mining Waste Dam Disaster
SAO PAULO — The deadly collapse of a Vale SA’s mining waste dam in Brazil was partially triggered by “a persistently high water level” that caused the structure to lose strength and stability, according to a report by a panel … Source: Claims Journal
Read MoreBusiness People: Provencher, Goetz Law Firm, CRDN, DropIn and ATF Medical
Provencher Appoints Examiner Provencher & Co. LLC, a nationwide independent adjusting firm based in Hammond, La., has appointed Charles Wojciechowski as a supervising examiner on its general liability team. Wojciechowski, who goes by “Chuck,” has more than 25 years experience … Source: Claims Journal
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