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A gang member who ran a fire restoration company has been convicted of using violence, threats of violence, and extortion to terrorize and dominate the fire restoration industry in New York City. After presiding over a two-week bench trial in … Source: Claims Journal

The federal government announced that additional $100 million of Inflation Reduction Act funding will be allocated toward 21 high-risk landscapes the Agriculture Department has identified as priorities. The total will include $400 million in funds from the Inflation Reduction Act … Source: Claims Journal

Billionaire Mike Ashley said he brought his lawsuit against Morgan Stanley because he was concerned with how “grotesquely and unfairly” the bank had acted during a margin call rather than the potential damages. The retail tycoon made the comments as … Source: Claims Journal

A new analysis using data from the National Highway Traffic Safety Administration data on fatal crashes in states where drivers are most likely to be over the legal alcohol limit shows Connecticut and Texas with the highest percentages of drivers … Source: Claims Journal

Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a relatively benign year for P&I claims in 2023, according to a report from AM Best. The … Source: Claims Journal

When does a hallucinogenic drug become the direct cause of a catastrophic injury, triggering a homeowners’ policy exclusion? Not when a young man falls out of bed and is later moved by his comrades, potentially worsening a spinal injury, a … Source: Claims Journal

Artificial intelligence experts and industry executives, including one of the technology’s trailblazers Yoshua Bengio, have signed an open letter calling for more regulation around the creation of deepfakes, citing potential risks to society. “Today, deepfakes often involve sexual imagery, fraud, … Source: Claims Journal

Last year saw 141 days with large hail (2 inch or greater)—the highest number of days in 20 years, according to a new report by CoreLogic. The 2024 Severe Convective Storm Report details how severe thunderstorm risk is growing in … Source: Claims Journal

Pinnacle Actuarial Resources Inc. named Roosevelt Mosley managing principal effective April 9. Outgoing Managing Principal Joe Herbers will return to his role as firm principal. Herbers has been Pinnacle’s managing principal for nearly 16 years. He is one of the … Source: Claims Journal

President Joe Biden will sign an executive order designed to implement new cybersecurity requirements for the nation’s port owners and operators amid growing concerns that hackers could roil crucial supply chains. The order will give the US Coast Guard new … Source: Claims Journal