Uncategorized
Business 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
Read MoreCalifornia Dive Boat Owners Seek to Head Off Lawsuits After Tragic Fire
The owners of the dive boat where 34 people perished in a fire off Southern California filed a lawsuit Thursday to head off potentially costly litigation, a move condemned by some observers as disrespectful to the families of the dead. … Source: Claims Journal
Read MorePurdue Fails in Bid to Nix Public Nuisance Claim Over Opioids
The U.S. judge overseeing nationwide litigation concerning the opioid crisis on Monday rejected Purdue Pharma LP’s effort to dismiss claims that its activities caused a public nuisance. U.S. District Judge Dan Polster in Cleveland said a reasonable jury could conclude … Source: Claims Journal
Read MoreHurricane Dorian Insured Losses in Bahamas Could Hit $6.5 Billion: RMS
Insured losses in the Caribbean from Hurricane Dorian is estimated at $3.5 billion to $6.5 billion, according to RMS, the risk modeling and analytics firm. This estimate represents insured losses associated with wind and storm surge damage across the Caribbean … Source: Claims Journal
Read More