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FEMA Officials Charged With Puerto Rico Hurricane Aid Fraud
Federal Emergency Management Agency officials who oversaw the reconstruction of Puerto Rico’s electrical grid and the former president of Cobra Acquisitions were arrested on fraud and conspiracy charges linked to recovery efforts from Hurricane Maria, according to federal prosecutors. FEMA’s … Source: Claims Journal
Read MoreCommission Says Humanity to Pay Massive Cost for Not Adapting to Climate Change
Slowing the planetary march toward climate catastrophe—and the multitrillion-dollar investment required to do it—has become a central issue of global and national debate. But there’s the equally expensive matter of dealing with the here and now: From historic wildfires to … Source: Claims Journal
Read MoreViewpoint: It’s Time to Regulate Outer Space
Last week, the European Space Agency reached out to to warn Elon Musk’s Space Exploration Technologies Corp. that one of its satellites might collide with a SpaceX communications satellite. When ESA first raised such concerns in late August, the chances … Source: Claims Journal
Read MoreBusiness News: FloodMapp, Ironshore, Sedgwick
FloodMapp Announces U.S. Launch of Flood-Prediction Technology FloodMapp, a firm founded in Brisbane, Australia that provides predictive flood modeling, will soon offer its product in Texas and Florida. The company said in a press release that FloodMapp uses a proprietary … Source: Claims Journal
Read MoreNational Weather Service Chief Backs Forecasters who Contradicted Trump
HUNTSVILLE, Ala. — The head of the National Weather Service issued a strong public defense Monday of forecasters who contradicted President Donald Trump’s claim that Hurricane Dorian posed a threat to Alabama as it approached the United States. Director Louis … Source: Claims Journal
Read MoreHackers Net $4.2M in Cyber Theft from Oklahoma Pension Fund
OKLAHOMA CITY — The FBI is investigating after computer hackers managed to steal about $4.2 million in funds from a pension system for retired Oklahoma Highway Patrol troopers and other state law enforcement officers, state officials said Friday. A notice … Source: Claims Journal
Read MorePG&E’s Plan to Cap Fire Liabilities at $18 Billion Draws Ire
California utility giant PG&E Corp. has issued its long-awaited plan for emerging from the largest utility bankruptcy in U.S. history: Raise debt, offer equity and cap wildfire liabilities that led to its collapse at $18 billion — less than half … Source: Claims Journal
Read MoreMusk Deposed in Class-Action Lawsuit Over Tesla SolarCity Merger
Tesla Inc. Chief Executive Officer Elon Musk said he was involved in some discussions about the $2.6 billion acquisition of SolarCity in 2016, though he recused himself from a board vote approving the initial offer. Musk made the disclosure when … Source: Claims Journal
Read MoreFacebook Faces Massive Damages in Cambridge Analytica Suit
Facebook Inc. users suing over the social network’s worst-ever privacy scandal gained leverage to pry into its internal records to back up their claims that it failed to safeguard their personal data, exposing the company to potentially billions of dollars … Source: Claims Journal
Read MoreDelivery Drone Unveiled by a Startup Joins Air Race for Commerce
A startup hoping to challenge more established drone delivery giants such as Amazon.com Inc. is unveiling a pod-like craft that it predicts could someday be used by stores to get products to customers within minutes. The company, Flirtey Inc., also … Source: Claims Journal
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