Uncategorized
PG&E to Fire Safety Critics: We’re Going Beyond Call of Duty
PG&E Corp. sought to assure a judge it’s making progress on fire prevention, saying it’s exceeding regulatory requirements to clear vegetation from power lines. Kevin Orsini, a lawyer for the utility, on Tuesday acknowledged criticism from a court-appointed compliance monitor, … Source: Claims Journal
Read MoreBusiness News: Davies Group, Marsh, Travelers and Hover, Purkeys
London-Based Davies Buys US Claims Shop Davies Group, an international consulting firm based in London, has acquired Frontier Adjusters, a multi-line independent claims adjusting shop headquartered in Independence, Ohio. The purchase marks Davies’ first claims deal in the United States. … Source: Claims Journal
Read MorePropane Explosion Kills Firefighter, Injures 6 Other People
FARMINGTON, Maine — A powerful propane explosion leveled a recently opened nonprofit center after crews arrived to investigate the smell of gas Monday morning, killing one firefighter and injuring six other people, including fellow firefighters, officials said. The building had … Source: Claims Journal
Read MoreOil Trims Losses on Conflicting Signals About Saudi Recovery
Oil pared an earlier decline on contradicting reports about when Saudi Arabia will restore production lost in unprecedented attacks. A Financial Times report citing unidentified Saudi sources contradicted an earlier article from Reuters that the kingdom is close to restoring … Source: Claims Journal
Read MoreBusinesses are Walking a Fine Line Between Innovation and Cybersecurity
Companies are working to balance their desire for new innovations with their need for strong cyber-defenses, a new report from CompTIA, a technology industry trade association, finds. CompTIA’s “Cybersecurity for Digital Operations,” based on a survey of 500 U.S. businesses, … Source: Claims Journal
Read MoreAs Shock Wears Off, Mental Health Concerns Grow in Bahamas
HIGH ROCK, Bahamas — One woman and her husband huddled on top of a bedroom dresser for two days, surrounded by floodwaters. Another man sat in his wheelchair for nearly 48 hours in water up to his chest, alone in … Source: Claims Journal
Read MoreFAA Chief to Meet with Boeing Officials, Test 737 MAX Simulator
New Federal Aviation Administration chief Stephen Dickson plans to fly to Seattle this week to fly “newly configured” Boeing 737 MAX software in a simulator and will visit with Boeing officials, the agency said Monday. Boeing plans to revise the … Source: Claims Journal
Read MorePurdue’s Bankruptcy Deal Has Holes the Size of 24 States
If Purdue Pharma LP wants its bankruptcy plan to work, it’ll have to find a way to halt the kind of government lawsuits that normally can’t be stopped by a Chapter 11 case. Purdue said the point of its court … Source: Claims Journal
Read MoreJPMorgan Inherited ‘Spoof’ Method From Bear Stearns, U.S. Says
When JPMorgan Chase & Co. took over Bear Stearns more than a decade ago, it got two traders with a new trick. Their strategy: Use multiple fake orders to manipulate the prices of precious metals futures. The maneuver, adopted by … Source: Claims Journal
Read More3rd Circuit Revives Some of Manufacturer’s Claims Against Insurers
Sapa Extrusions purchased 28 insurance policies from eight carriers, but not one of them would reimburse the manufacturer for the cost of a settlement it paid after being sued for shoddy workmanship. A federal appellate court, however, has cleared the … Source: Claims Journal
Read More