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US Warns of Cyberattacks Against Water Systems Throughout Nation
The Biden administration is warning states to be on guard for cyberattacks against water systems, citing ongoing threats from hackers linked to the governments of Iran and China. “Disabling cyberattacks are striking water and wastewater systems throughout the United States,” … Source: Claims Journal
Read MoreVale Faces $3.8 Billion Dutch Lawsuit Over Brazilian Dam Collapse
Vale SA is set to face a fresh legal front over a catastrophic Brazilian dam collapse in 2015 after thousands of victims sued the company in a Dutch court in a claim that could cost the mining giant £3 billion … Source: Claims Journal
Read MoreJD Power: Satisfaction with Homeowners Insurance Property Claims Hits Low Amid Record Catastrophic Events
More catastrophic weather events last year led to longer timeframes between steps in the claims processes, delivering a big hit to customer satisfaction, a new report shows. The J.D. Power 2024 U.S. Property Claims Satisfaction Study out this week shows … Source: Claims Journal
Read MoreNew Jersey Property Flood Risk Disclosure Law Going Into Effect
A New Jersey law requiring residential and commercial landlords and sellers of real estate to disclose any flood history and potential flood risks to prospective renters and purchasers goes into effect Wednesday, March 20. Prior to the adoption of the … Source: Claims Journal
Read MoreBankruptcy Court Approves New Jersey Diocese’s $87.5M Plan for Abuse Victims
Almost three-and-one-half years after the Catholic Diocese of Camden, New Jersey filed for bankruptcy citing financial effects from the pandemic and sexual abuse settlements, its Chapter 11 reorganization plan has been approved. The final plan, the ninth amended proposal, establishes … Source: Claims Journal
Read MoreGenesis’s $21 Million Settlement With SEC Green Lit by Judge
A federal judge signed off on bankrupt crypto firm Genesis Global Capital’s settlement with the Securities and Exchange Commission over allegations a digital-asset lending program it helped run violated the agency’s rules. Genesis will pay $21 million under the terms … Source: Claims Journal
Read MoreFerrari Sued for Failing to Fix ‘Life-Threatening’ Brake Defect
Ferrari NV was accused in a US lawsuit of failing to fix a “dangerous safety defect” with the brakes in some of its luxury sports cars despite issuing multiple recalls. The recalls were no more than “an interim corrective measure” … Source: Claims Journal
Read MoreFlorida Jury: NICO Did Not Act in Bad Faith in Keys Crash that Killed 4 Women from Spain
Six months after a federal appeals court upheld a $12 million verdict against a waste-hauling company in a crash that killed four Spanish women in the Florida keys, a jury has found that the firm’s insurer did not act in … Source: Claims Journal
Read MoreChances of a Weather-Roiling La Niña This Year Are Now Above 80%
The odds of a weather-roiling La Niña in the coming months are rising, elevating the risk of an unusually active Atlantic hurricane season. The chances of La Niña, a cooling of the equatorial Pacific, rose to 82% for August, September … Source: Claims Journal
Read MoreReckitt Chief Defends Safety of Baby Formula, Will Fight Verdict
Reckitt Benckiser Group Plc’s chief executive officer vowed to fight to overturn a verdict that blamed one of the company’s Enfamil formulas for the death of a premature baby. Enfamil Premature 24 “is safe and critical and we have no … Source: Claims Journal
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