Uncategorized

A class action lawsuit is being filed against the parent company of Silicon Valley Bank, its CEO and its chief financial officer, saying that company didn’t disclose the risks that future interest rate increases would have on its business. The … Source: Claims Journal

Utility workers raced to restore power to parts of central California, after the latest atmospheric river struck the state with heavy rain and blasting winds, plunging parts of Silicon Valley into darkness. Falling trees took down power lines and blocked … Source: Claims Journal

RENO, Nev. (AP) — Most of Nevada was under an emergency declaration Monday in anticipation of more rain, from California to Utah, and more heavy snow in the Sierra where repeated storms already have made it one of the snowiest … Source: Claims Journal

Silicon Valley Bank’s collapse rattled the technology industry that had been the bank’s backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club … Source: Claims Journal

The start of a winter storm with heavy, wet snow led to hundreds of school closings, canceled flights and thousands of power outages in parts of the Northeast on Tuesday. The storm’s path included parts of New England, upstate New … Source: Claims Journal

MCPHERSON, Kan. (AP) — Union Pacific officials believe that a broken wheel likely caused this weekend’s derailment that spilled denatured alcohol inside a Kansas refinery. Railroad spokeswoman Kristen South said crews continued to clean up the site of the derailment … Source: Claims Journal

The poorly executed handoff of a claims file from a retiring claims adjuster to his replacement may have made USAA liable for a $5.2 million excess judgment. A panel of the 11th Circuit Court of Appeals on Tuesday reversed a … Source: Claims Journal

MANILA — Philippine authorities have increased efforts to contain an oil spill from a sunken fuel tanker that has affected coastal towns and was still spreading, the environment ministry said on Tuesday, as the country grapples with cleanup challenges. Improvised … Source: Claims Journal

Parts of New England, upstate New York, northeastern Pennsylvania, and northern New Jersey were bracing Monday for a winter storm that could drop more than 12 inches (30 centimeters) of heavy, wet snow. The National Weather Service says the storm … Source: Claims Journal

PELL CITY, Ala. (AP) — Parents are suing an east Alabama school district after they say their son received a concussion when older baseball teammates hazed him by beating him with pillows. Local news outlets report the lawsuit was filed … Source: Claims Journal