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Teva to Pay $523M to New York as it Looks to Move past Opioid Lawsuits
JERUSALEM –– Teva Pharmaceutical Industries Ltd. will pay up to $523 million to New York State as part of a nationwide settlement of lawsuits alleging the company helped fuel the U.S. opioid epidemic. The settlement with New York adds an … Source: Claims Journal
Read MoreLisa Weakens to Tropical Storm After Leaving Belize’s Main Port in Dark
BELIZE CITY — Lisa weakened into a tropical storm as it moved across Belize Wednesday, leaving much of the country’s largest city in the dark, although there were no reports of deaths or major damage so far in the Caribbean … Source: Claims Journal
Read MoreChrysler-Parent Urges 276,000 U.S. Owners to Stop Driving After Air Bag Deaths
WASHINGTON –– Chrysler-parent Stellantis is urged owners of 276,000 older U.S. vehicles to immediately stop driving after three crash deaths tied to faulty Takata air bag inflators were reported in the last seven months. The “Do Not Drive” warning is … Source: Claims Journal
Read MoreHong Kong Braces for Tropical Storm Nalgae
HONG KONG (AP) — Schools and offices closed and some events were canceled in Hong Kong on Wednesday as Tropical Storm Nalgae swept south of the city, while a finance conference meant to restore Hong Kong’s image as an international … Source: Claims Journal
Read MoreCrowd Management an Issue in 3 Disasters that Took Hundreds of Lives in Asia
SEOUL, South Korea (AP) — More than 400 people died in October in a series of crowd-related disasters in Asia, when a bridge packed with revelers collapsed in India, Halloween partiers were crushed in South Korea’s capital, and spectators fled … Source: Claims Journal
Read MoreS.C. Supreme: Ambiguous Policy Language Allows Auto Claimant to Stack Benefits
A woman who was injured in a crash while driving a rental car provided by an auto insurer may collect uninsured motorist benefits from more than one policy, the South Carolina Supreme Court ruled Wednesday. In a 3-2 decision, the … Source: Claims Journal
Read MoreUS Banks Reported $1 Billion in 2021 Ransomware Payments
US financial institutions reported nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the Treasury Department. The payments more than doubled from 2020, underscoring the pernicious damage … Source: Claims Journal
Read MoreNFIP: 43,000 Flood Claims and $273 Million Paid So Far After Hurricane Ian
The Federal Emergency Management Agency is reminding flood insurance policyholders hit by Hurricane Ian that they have an extra three months to renew their expiring policies. The agency said last week that Florida property owners with National Flood Insurance Program … Source: Claims Journal
Read MoreCVS, Walmart, Walgreens Agree to Pay $13.8B to Settle U.S. Opioid Claims
CVS Health Corp., Walgreens Boots Alliance Inc. and Walmart Inc. have agreed to pay about $13.8 billion to resolve thousands of U.S. state, local and tribal government lawsuits accusing the pharmacy chains of mishandling opioid painkillers. CVS said Wednesday it … Source: Claims Journal
Read MorePhilippine Leader Blames Deforestation for Killer Mudslide
MANILA, Philippines (AP) — Philippine President Ferdinand Marcos Jr. on Tuesday blamed years of deforestation for a deadly mudslide that buried a mountainside community amid last week’s torrential rains set off by a storm that has left more than 130 … Source: Claims Journal
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