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Industry rating agency AM Best said the U.S. property/casualty industry’s underwriting loss for 2023 reached a 10-year high of $38 billion, attributable to severe weather-related losses, stubborn inflation, and upward reinsurance pricing. Analysts in the report published yesterday found that … Source: Claims Journal

Some of manufacturer Kimberly-Clark Corp.’s neighbors in New Milford, Connecticut believe the paper goods manufacturer has contaminated their soil and drinking water with PFAS chemicals. Three of them have filed a proposed class action claiming that contamination from the manufacturer’s … Source: Claims Journal

An Ohio cannabis manufacturer and its insurer are suing a lighting products provider for negligence after a lamp it sold exploded at a greenhouse, causing six figures worth of damages. Cure Ohio and Dorchester Insurance filed a complaint last week … Source: Claims Journal

Pixel tracking stands at the forefront of digital marketing innovation and is a key tool for understanding user behavior and optimizing marketing strategies. Yet, this powerful technology demands responsible use, especially considering the liability and insurance implications it brings. Understanding … Source: Claims Journal

The latest trial over claims that Johnson & Johnson’s talc products cause cancer ended in a mistrial on Tuesday, as a Florida state court jury said it could not agree on a verdict. The lawsuit was brought by Bob Sugarman, … Source: Claims Journal

The toppled utility pole that Xcel Energy Inc. has been asked to preserve as potential evidence was inspected and marked with a “do not climb” symbol before the start of the worst wildfire in Texas history, photos seen by Bloomberg … Source: Claims Journal

Washington Insurance Commissioner Mike Kreidler on Wednesday sent a letter to insurers urging them to consider loosening personal property claim filing requirements for victims of last summer’s Spokane County wildfires. Insurance companies typically require policyholders to provide a full, itemized … Source: Claims Journal

Lyft has been sued by shareholders for securities fraud after a mistake in a recent earnings release about a key profit metric sent the ride-sharing company’s stock price on a wild ride up, and then down. In a proposed class … Source: Claims Journal

Berkshire Hathaway Inc.’s PacifiCorp was hit with at least another $29.3 million in damages for Oregon’s 2020 Labor Day fires, the latest blow for the company after Chairman Warren Buffett recently warned that he no longer views investments in western … Source: Claims Journal

Toyota Motor said it is recalling about 380,000 trucks in the United States over an axle issue that could increase the risk of a crash. The recall covers 2022 and 2023 model year Tacoma vehicles because an axle shaft separation … Source: Claims Journal