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What Will Silicon Valley Learn From Holmes’ Conviction?
SAN JOSE, Calif. (AP)–The fraud conviction of former Theranos CEO Elizabeth Holmes could offer Silicon Valley’s culture of hubris and hype some valuable lessons. Will anyone in the tech industry actually take this moment to heart? Don’t count on it. … Source: Claims Journal
Read MoreDestructive Winds Flip Airplanes, Trucks Near Anchorage
ANCHORAGE, Alaska (AP) –Destructive winds battered an area just north of Anchorage for the third straight day on Monday–flipping small airplanes and semitrailers, forcing schools to close, leaving thousands without power and severely damaging a fast-food restaurant. Two shelters opened … Source: Claims Journal
Read MoreInvestigators Narrow Search For Origin of Colorado Wildfire
BOULDER, Colo. (AP)–Federal and state investigators have interviewed dozens of people in their search for the cause of a destructive Colorado wildfire, but the results of that investigation–and even a progress report–could take days, if not weeks, the Boulder County … Source: Claims Journal
Read MoreCalif. Court of Appeal Allows 2 Insurers To Pursue Fraud Suits Against Pain Doctor
A decision by a California appellate court last month allows both Allstate and State Farm to pursue lawsuits seeking penalties against an Orange County pain-management doctor who is accused of over-billing insurers. California’s Insurance Fraud Prevention Act allows insurers or … Source: Claims Journal
Read MoreNevada to Join $26B Opioid Settlement With Drug Distributors, J&J
Nevada has agreed to back a proposed nationwide settlement worth up to $26 billion resolving lawsuits against three large drug distributors and the drugmaker Johnson & Johnson over the deadly U.S. opioid epidemic, the state’s attorney general said on Tuesday. … Source: Claims Journal
Read MoreDrivers Snowed-In All Night as Crews Work to Reopen I-95 Near DC
A pileup of tractor trailers in Virginia shut down Interstate 95, the U.S. East Coast’s major north-south artery, during a snowstorm, stranding hundreds of motorists overnight in freezing temperatures and disrupting private and commercial traffic.The Virginia Department of Transportation said … Source: Claims Journal
Read MoreDaimler Warns Car Owners of Fire Risk it Lacks Parts to Fix
BERLIN–Daimler’s Mercedes-Benz has informed owners of its luxury cars of a technical defect that could spark afire, the company said on Tuesday, adding a recall was not possible because parts needed to fix the problem are not available. The issue … Source: Claims Journal
Read MoreSome Hope New Florida Appeals Court Will Be Friendlier to Insurers
The Florida Supreme Court’s call for an additional appellate court and six – now seven – new judges in the state has met with mixed reviews, with some attorneys welcoming the idea, while others, including a few judges, have said … Source: Claims Journal
Read MoreCOVID-19 Loss of $44B Is 3rd Largest Catastrophe Cost to Insurers – Howden
LONDON–Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on Tuesday. However, initial projections of $100 billion-plus for COVID-19 … Source: Claims Journal
Read MoreFire Reignites at South Africa’s Parliament in Cape Town
CAPE TOWN, South Africa (AP)–The fire that has already destroyed South Africa’s main Parliament chamber flared up again Monday about 36 hours after it started in the 130-year-old complex of historic buildings, authorities said. Firefighters have been sent back to … Source: Claims Journal
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