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PG&E Sees Up to $6.3 Billion in Costs From Fires, Bankruptcy
PG&E Corp., the California, that went bankrupt in January after its equipment sparked deadly wildfires, expects as much as $6.3 billion in after-tax costs from the blazes, its Chapter 11 case and the recent blackouts. The troubled power giant reported … Source: Claims Journal
Read MoreJuul Documents on Allegedly Contaminated Pods Sought by House
A House subcommittee is demanding that Juul Labs Inc. turn over documents concerning potential contaminated pods that the e-cigarette company may have sold. In a letter dated Thursday, the panel demanded Juul turn over all documents referring to any potentially … Source: Claims Journal
Read MoreBP Invests in App Maker Aimed at Killing Private Car Ownership
BP Plc is investing 10 million euros ($11.1 million) in the makers of the app Whim, which allows users to pay a monthly fee to access both public and private transport in their city. The company that owns Whim, MaaS … Source: Claims Journal
Read MoreViewpoint: Equitable Subrogation Useful Tactic When Insurer Won’t Settle
Every policyholder will likely face a scenario where its primary insurer refuses a settlement offer within limits. The primary insurer is potentially liable for that excess verdict if it acted in bad faith by refusing to settle within limits. Sometimes, … Source: Claims Journal
Read MoreJudge Shields Oxycontin-Maker Purdue From Litigation Until April
Purdue Pharma LP and the company’s Sackler family owners will be shielded until April 8, 2020, from sprawling opioid litigation to give the maker of OxyContin time to try to reach a legal settlement the company says is worth $10 … Source: Claims Journal
Read MoreBlackbeard’s Ship Case About Images Returns to Trial Court
RALEIGH, N.C.– A treasure hunter who accuses the state of North Carolina of misusing his images from Blackbeard’s flagship says he’ll ask for 10 times the damages he originally sought, now that a court ruling has come down in his … Source: Claims Journal
Read MoreCause of Philadelphia Fire Sounds Alarm Over Aging U.S. Refineries
PHILADELPHIA — How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast’s largest and oldest oil refinery? That’s a question safety experts … Source: Claims Journal
Read MoreBoeing to Invest $1 Billion in Global Safety Drive – Sources
SEATTLE/HONG KONG — Boeing Co is planning an initial investment of around $1 billion into industry-wide pilot development as part of a long-term initiative to reduce risks like those faced by the crew in two 737 MAX crashes, people familiar … Source: Claims Journal
Read MoreWildfire Forecasters Race to Stay Ahead of Unpredictable Flames
Predicting what a wildfire will do is no simple matter. When the Getty wildfire erupted in California a week ago, forcing 20,000 people to evacuate, Richard Thompson raced to the scene. His job wasn’t to fight a fire that spread … Source: Claims Journal
Read MoreDispute Erupts Over Radios Utility Workers Use in California Wildfires
Radio technology that’s critical to helping utility workers deal with California wildfires is at the heart of a trial that pits an iconic American brand against a Chinese firm accused of corporate espionage. Motorola Solutions Inc. wants a federal jury … Source: Claims Journal
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