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McDonald’s to Pay $26M To Settle California Wage Lawsuit

McDonald’s Corp agreed to pay $26 million to settle a nearly seven-year-old lawsuit accusing the fast food chain of underpaying U.S. staff at its corporate-owned restaurants in California. The preliminary settlement resolves claims that the company used a timekeeping system … Source: Claims Journal

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Typhoon-Lashed Philippines Taps Catastrophe Bonds

The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. The dual-tranche transaction consists of a $150 million issuance against losses from, , … Source: Claims Journal

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Road-Safety Regulator Rapped Over Regulating Autonomous Cars

The nation’s road-safety regulator is under fire again for what critics call lax oversight of tests involving autonomous vehicles. The National Highway Traffic Safety Administration doesn’t give enough direction to companies developing automatous cars, the chairman of the National Transportation … Source: Claims Journal

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California Faces Decade of ‘Unique’ Wildfire Blackouts

California utility PG&E Corp has imposed 10 intentional blackouts this year to reduce risks its power infrastructure could spark wildfires and said they will continue for a decade. PG&E initially said outages would happen only a couple of times a … Source: Claims Journal

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