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Safety Chief Objects to Use of Driver Error Statistic She Says Is Misleading
With traffic fatalities spiking higher, the nation’s top safety investigator says a widely cited government statistic that 94% of serious crashes are solely due to driver error is misleading and that the Transportation Department should stop using it. Jennifer Homendy, … Source: Claims Journal
Read MoreAirlines Report Only Minor Disruptions From 5G Deployment
U.S. airlines said on Wednesday the rollout of new 5G services was having only a minor impact on air travel as the U.S. Federal Aviation Administration (FAA) said it has issued new approvals to allow more low-visibility landings. The increased … Source: Claims Journal
Read MoreDrugmaker Endo Signs $65 Million Opioid Settlement with Florida
Drugmaker Endo International plc said on Tuesday it had agreed to pay up to $65 million to resolve claims by the state of Florida and local governments that the drugmaker helped fuel the U.S. opioid epidemic. The deal is the … Source: Claims Journal
Read MoreJudge Dismisses Former Employees’ Suit Against Marsh & McLennan Over Data Breach
A federal judge in New York has dismissed a potential class action against Marsh & McLennan by two former employees who sued after the firm suffered a data breach in 2021. The plaintiffs, Florida residents Nancy Bohnak and Janet Lea … Source: Claims Journal
Read MoreLoss Experience Drives Prices During January Reinsurance Renewals: Fitch
Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while loss-free lines of business attracted additional capital, which caused prices to stay stationary or … Source: Claims Journal
Read MoreNew Jersey Governor Signs Auto Insurance Bad Faith Bill Into Law
New Jersey Gov. Phil Murphy has signed into law a bill that proponents have said makes the auto insurance claims process fairer for policyholders and businesses have warned will raise premiums. The New Jersey Insurance Fair Conduct Act gives motorists … Source: Claims Journal
Read MoreAT&T, Verizon Agree to Delay 5G Near Key Airports to Avoid Flight Disruptions
AT&T and Verizon Communications on Tuesday agreed to temporarily defer turning on some wireless towers near key airports to avert a significant disruption to U.S. flights as they roll out 5G service that will bring faster wireless service to tens … Source: Claims Journal
Read MoreTeva Pharmaceutical Settles With Shareholders Over Pricing for $420M
Teva Pharmaceutical Industries Ltd. has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive scheme to fix the price of generic drugs. The settlement was disclosed on Tuesday in papers filed in federal court … Source: Claims Journal
Read MoreCalifornia Police Officer Who Owned Security Firm Charged with Insurance Fraud
A retired San Jose Police officer who owns a security business pleaded no contest to insurance fraud, tax evasion, money laundering, and worker exploitation and is expected to be sentenced to three years in jail, prosecutors said Friday. Robert Foster, … Source: Claims Journal
Read MoreBiden Administration Unveils Plan to Combat Wildfires in Western States
The Biden administration on Tuesday unveiled a 10-year plan to treat and maintain millions of additional acres of forests in the western United States to reduce the severity of seasonal wildfires. “We’re not going to stop fires,” U.S. Agriculture Secretary … Source: Claims Journal
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