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Major Cyber Attack Could Cost Global Economy $3.5 Trillion, Lloyd’s Says
A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according to research from Lloyd’s and the Cambridge Centre for Risk Studies. While … Source: Claims Journal
Read MorePG&E`s Plan to Bury Power Lines and Prevent Wildfires Faces Opposition Because of High Rates
VACAVILLE, Calif. (AP) — Pacific Gas & Electric — one of the nation`s largest utilities whose equipment has sparked some of California`s deadliest wildfires — wants to bury power lines in some of its most at-risk areas to prevent destructive … Source: Claims Journal
Read MoreColorado Court Upholds Google Keyword Search Warrant Which Led to Arrests in Fatal Arson
DENVER (AP) — Colorado’s highest court on Monday upheld the search of Google users` keyword history to identify suspects in a 2020 fatal arson fire, an approach that critics have called a digital dragnet that threatens to undermine people`s privacy … Source: Claims Journal
Read MoreCoast Guard Opens Formal Inquiry into Collapse of Mast on Maine Schooner that Killed Passenger
PORTLAND, Maine (AP) — The Coast Guard said Monday it has launched a formal investigation into a fatal accident aboard a historic schooner off the coast of Maine in which a mast fell and killed one person and injured three … Source: Claims Journal
Read MoreAriz. Supreme Ct. Rejects Constitutional Challenge to Law that Limits Liquor Servers’ Liability
A divided Arizona Supreme Court upheld a state law that limits liability to bars and restaurants for damages caused by intoxicated patrons, overturning a jury verdict that would have awarded $800,000 to the family of a man who was killed … Source: Claims Journal
Read MoreUS Agency Probes Pedestrian Risks at GM’s Self-Driving Unit Cruise
U.S. auto safety regulator has opened a probe into whether General Motors’ self-driving unit Cruise has taken sufficient precautions with its autonomous vehicles to safeguard pedestrians, it said on Tuesday. The National Highway Traffic Safety Administration (NHTSA) said its Office … Source: Claims Journal
Read MoreToyota Extends Partial Production Halt at Two Japan Plants to Wednesday
TOKYO —Toyota Motor, the world’s biggest automaker by sales, will extend until Wednesday a partial production halt at two domestic assembly plants due to an accident at a supplier’s facility, a company spokesperson said. The incident at supplier Chuo Spring, … Source: Claims Journal
Read MoreCaptain Likely Asleep Before Ferry Crash in Washington Last Year, Officials Conclude
Fatigue and complacency led to a passenger and car ferry crashing into a terminal in Seattle last year, causing $10.3 million in damage to the ferry, according to the National Transportation Safety Board’s final report. The Cathlamet ferry departed Vashon … Source: Claims Journal
Read MoreFiling a Day Late Leaves Insurer Short Under Mississippi’s Statute of Limitations
The Mississippi Supreme Court has ruled that an insurer misunderstood when a three-year statute of limitations begins in dismissing the insurer’s claims relating to a fire on an insured’s property. The high court affirmed that a statute of limitations begins … Source: Claims Journal
Read MoreFormer Washington NFL Player Denied Workers’ Compensation for Hip
Stuart Anderson, who played linebacker for the National Football League’s Washington Redskins (now known as the Washington Commanders) in the mid-1980s, has lost his bid to collect workers’ compensation medical benefits. Anderson filed clams in 2018 and 2019 seeking benefits … Source: Claims Journal
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