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Six Minutes to Disaster: Ethiopian Pilots Battled Boeing Max
The alarms started sounding just seconds after Ethiopian Airlines Flight 302 took off on March 10 from Addis Ababa with 157 people on board. As speed and altitude readings started going haywire, a device known as a stick shaker activated … Source: Claims Journal
Read MoreCalifornia Lawmakers Eyeing Catastrophic Wildfire Fund
Creation of a catastrophic wildfire risk pool is emerging as the most likely option as California lawmakers seek to protect the solvency of investor-owned utilities from record payouts for fire damages. PG&E filed for a bankruptcy reorganization this year, saying … Source: Claims Journal
Read MoreEdmunds: Safety Tech is Making Auto Repairs More Costly
Vehicle safety technology continues to evolve at a rapid pace. Today’s cars can watch your blind spot, help keep you in your lane, automatically hit the brakes in an emergency, and more. But while the technology helps prevent accidents, there … Source: Claims Journal
Read MoreOklahoma Lawmakers Grumble Openly about Opioid Settlement
OKLAHOMA CITY — A $270 million settlement between the state of Oklahoma and the maker of OxyContin praised last week as an innovative way to help combat opioid addiction is facing bipartisan criticism from Oklahoma lawmakers who say the state’s … Source: Claims Journal
Read MoreOpioid Crisis ‘Kingpin’ Is Oklahoma’s New Target in Lawsuit
About the photo: Opium poppy plants in a field in Tasmania, Australia. Oklahoma is claiming that as the prior owner of poppy fields in Tasmania, Johnson & Johnson “acted as a ringleader” in a scheme to flood the state with … Source: Claims Journal
Read MoreAtlantic Hurricane Season Could Bring 13 Named Storms This Year
There’s a lot of reasons people think 13 is an unlucky number. This year may add another. At least 13 storm systems should reach tropical strength and get a name in 2019, with five becoming hurricanes and two spawning winds … Source: Claims Journal
Read MoreQuick-Cash, Risk-Swap Deals Multiply in Extreme Weather Era
Some of the world’s largest insurers are eagerly pitching cities, states and even school districts on policies designed to pay out quickly with few questions in the event of extreme weather. The catch: Even a hurricane might not be extreme … Source: Claims Journal
Read MoreEthiopia Backs Pilots, Says Boeing Max 737 Plunged on Its Own
Pilots on a doomed Ethiopian Airlines flight followed proper procedures and still couldn’t bring the 737 Max out of a dive, Ethiopia’s transport minister said, pressing Boeing Co. to fix the flight controls of its plane to avoid further disasters. … Source: Claims Journal
Read MoreBoeing Sued by Family of American in Ethiopian Air 737 Crash
Boeing Co., Ethiopian Airlines and aircraft-sensor maker Rosemount Aerospace Inc. were sued in the U.S. for alleged negligence in connection with a plane crash last month that killed 157 people and intensified concern about the safety of 737 Max passenger … Source: Claims Journal
Read More‘Matching Regulations’ Affecting Homeowners’ Insurance Claims: Viewpoint
It remains one of the most difficult issues to deal with in the world of property insurance. Homeowners’ insurance policies usually contain a provision obligating the carrier to repair or replace an insured’s damaged property with “material of like kind … Source: Claims Journal
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