Uncategorized

Lithuania’s central bank has told the country’s banks to prepare for power cuts and cyberattacks as Russia’s standoff with Ukraine risks spilling over into a military conflict, according to a document and two sources familiar with the matter. Russia has … Source: Claims Journal

The cost of a $73 million settlement that gunmaker Remington Arms agreed to pay to families of victims of the Sandy Hook massacre will fall on four insurers. Ironshore, a Liberty Mutual subsidiary; James River Insurance Co., ACE (now Chubb), … Source: Claims Journal

U.S. insurer American International Group Inc AIG.N topped fourth-quarter profit expectations on Wednesday as it benefited from strong underwriting and lower catastrophe losses at its general insurance business. Catastrophe losses came in at just $189 million in the quarter to … Source: Claims Journal

After his house burned down in 2015, Rick Merechka turned in a sworn proof of loss statement telling his insurance company that the replacement value of his household goods was $607,640. But in December 2010, Merechka and his wife at … Source: Claims Journal

On Jan. 5, a 2005 Porsche Carrera GT with just 780 miles on its odometer sold on the online auction site Bring a Trailer for $1.9 million. The astounding sum set a world record for the sale of this kind … Source: Claims Journal

SAN FRANCISCO —Alphabet Inc’s GOOGL.O self-driving technology unit Waymo and truck fleet operator C.H. Robinson Worldwide Inc CHRW.O said on Wednesday they would team up to test automated trucks with safety drivers behind the wheels in Texas in the coming … Source: Claims Journal

Vermont has at least 1,200 dams on waterways scattered across the state, but a lack of regulatory oversight and enforcement authority means their owners are able to leave some of them in poor condition for years, the state auditor’s office … Source: Claims Journal

SACRAMENTO, Calif. (AP) — A fire-resistant roof, at least 5 feet of defensible space around a home, a clearly defined evacuation route in a neighborhood and the removal of vegetation overgrowth in a community are some of the new statewide … Source: Claims Journal

DETROIT (AP) — General Motors says it will start making Chevrolet Bolt electric vehicles again in early April after an eight-month pause due to a series of battery fire recalls. The automaker says Tuesday that battery supplier LG Energy Solution … Source: Claims Journal

DES MOINES, Iowa (AP) — Farms that raise turkeys and chickens for meat and eggs are on high alert and taking steps to increase biosecurity, fearing a repeat of a widespread bird flu outbreak in 2015 that killed 50 million … Source: Claims Journal