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US Distillate Stocks, Refinery Utilization Drop after Winter Storm
NEW YORK –– U.S. distillate inventories fell more than expected as a winter storm gripped the United States at the end of December and refineries produced fuel at their lowest rate for nearly two years, data from the U.S. Energy … Source: Claims Journal
Read MoreOklahoma AG Announces 4 New Opioid Settlements Worth $226M
OKLAHOMA CITY (AP) — Oklahoma entered settlement agreements with three major pharmacy chains and an opioid manufacturer totaling more than $226 million, Attorney General John O’Connor announced Wednesday. Including the new settlements with drugmaker Allergan and pharmacy chains CVS, Walgreens … Source: Claims Journal
Read MoreMajor Winter Storms Dump on California, Upper Midwest
MINNEAPOLIS (AP) — Major winter storms continued to dump on California and a stretch of the Upper Midwest on Wednesday, with heavy rain on the West Coast and heavy snow in the north-central states — as a possible tornado damaged … Source: Claims Journal
Read MoreDuke Energy: Plant, Purchase Failures Contributed to Outages
RALEIGH, N.C. (AP) — Duke Energy Corp. executives on Tuesday blamed a convergence of widespread extreme cold, higher than projected demand, malfunctioning plant equipment and the inability to buy power elsewhere for rolling blackouts on Christmas Eve — the first … Source: Claims Journal
Read MoreMeta Fined 390M Euros in Latest European Privacy Crackdown
LONDON (AP) — European Union regulators on Wednesday hit Facebook parent Meta with hundreds of millions in fines for privacy violations and banned the company from forcing users in the 27-nation bloc to agree to personalized ads based on their … Source: Claims Journal
Read MoreTrader Joe’s is Sued over Lead, Cadmium Levels in Dark Chocolate
NEW YORK –– Trader Joe’s was sued on Wednesday by a consumer who accused the grocery chain of misleading and endangering shoppers by selling dark chocolate that contains harmful levels of lead and cadmium. The proposed class action was filed … Source: Claims Journal
Read MoreClaims People: The Hanover, Sedgwick, CCC and Great American
The Hanover Appoints Claims Leader The Hanover Insurance Group has appointed David J. Lovely executive vice president and chief claims officer. Lovely joins The Hanover from PricewaterhouseCopper, where he was responsible for building a new practice to help clients strengthen … Source: Claims Journal
Read MoreCIBC Ordered to Pay $848M Damages to Cerberus, Will Appeal
Canadian Imperial Bank of Commerce plans to appeal a New York judge’s order that it pay about $848 million in damages to private equity firm Cerberus Capital Management, in a contract dispute tied to the 2008 global financial crisis. In … Source: Claims Journal
Read MoreSoaked California Braces for Another Deluge as Storm Batters State
Ferocious winds and soaking rain from the Pacific are sweeping toward California, ushering in another day of floods, mudslides and potential blackouts across the state. Heavy rain will start falling across Northern California Wednesday and strong winds will begin raking … Source: Claims Journal
Read MoreLawsuit Alleges Insurance Agency Liable for Child Shooting at Home Office
The parents of a Maine three-year old boy who accidentally shot himself with a loaded pistol filed a negligence suit against the owner of a Vermont home where the boy found the gun while on a visit. The boy’s family … Source: Claims Journal
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