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La. Insurance Commissioner Accuses Hurricane Claim Law Firm of Fraud
Louisiana Insurance Commissioner Jim Donelon announced today that his department issued a cease-and-desist order to McClenny, Moseley & Associates, a Houston-based law firm that filed more than 1,500 hurricane-damage lawsuits in the state — many which duplicated filings made by … Source: Claims Journal
Read MoreTesla Recalls 362,000 U.S. Vehicles over Full Self-Driving Software
Tesla Inc. will recall more than 362,000 U.S. vehicles to update its Full Self-Driving (FSD) Beta software after U.S. regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes. The … Source: Claims Journal
Read MoreLitigation Funders Deployed $3.2B in U.S. Investments Last Year – Report
Companies that finance U.S. commercial lawsuits in exchange for a cut of any recoveries upped their investments last year, committing $3.2 billion, according to a new report. That represents a 16% increase in capital committed to new U.S. litigation funding … Source: Claims Journal
Read MoreJudge Weighs Key Evidence Ahead of First Zantac Cancer Trial
Lawyers for a man who alleges he developed bladder cancer after taking GSK Plc’s heartburn drug Zantac urged a California judge on Thursday to allow expert testimony linking the drug to the illness at an upcoming trial. The trial in … Source: Claims Journal
Read MoreUN Official Warns of Rising Earthquake Death Toll in Syria
AMMAN (AP) — The United Nations regional humanitarian coordinator for the Syrian crisis said Thursday that the country’s death toll from last week’s deadly earthquake is likely to rise further as teams scramble to remove rubble in hard-hit areas. In … Source: Claims Journal
Read MoreFord Stops Production of Electric F-150 After Battery Fire
DEARBORN, Mich. (AP) — Ford Motor Co. has suspended production and halted shipments of the F-150 Lightning electric pickup after a battery caught fire during a pre-delivery quality check. Production at Ford’s Rouge Electric Vehicle Center in Dearborn, Michigan, has … Source: Claims Journal
Read MoreJeers, Boos from Ohio Villagers Enraged by Toxic Train Spill
EAST PALESTINE, Ohio (AP) — Residents of the Ohio village upended by a freight train derailment packed a gymnasium demanding reassurances after toxic chemicals spilled and burned in a huge plume over their homes and businesses. “I have three grandbabies,” … Source: Claims Journal
Read MoreNJ Court Orders Retrial to Allocate Liability in Premium Fraud Case
There will be a jury retrial on allocation of liability in a New Jersey workers’ compensation premium fraud case won by Liberty Insurance Corp. against a construction firm. The New Jersey Supreme Court ruled yesterday that a trial court erred … Source: Claims Journal
Read MoreTurkey Earthquakes to Cost Insurers $2.4 Billion – KCC
Catastrophe modeling firm Karen Clark & Company (KCC) said on Thursday it expects insured losses of $2.4 billion from the devastating dual Kahramanmaras earthquakes that hit Turkey earlier this month. The number of people killed by the deadliest earthquake in … Source: Claims Journal
Read MoreFAA Head Defends Safety of US Air Travel After Close Calls
The head of the Federal Aviation Administration said Wednesday he has taken steps to avoid a repeat of the technology failure last month that briefly halted all flights nationwide from taking off. Acting FAA administrator Billy Nolen said he has … Source: Claims Journal
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