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Mapfre to Make $983.8M Pay-Out Over Colombia Dam

BOGOTA — Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency pay-out to Colombia’s Empresas Publicas de Medellin (EPM) over issues with the construction of the massive Hidroituango dam. The funds will guarantee that the … Source: Claims Journal

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‘The Internet’s on Fire’ as Techs Race to Fix Software Flaw

BOSTON (AP)–A critical vulnerability in a widely used software tool –one quickly exploited in the online game Minecraft–is rapidly emerging as a major threat to organizations around the world. “The internet’s on fire right now,” said Adam Meyers, senior vice … Source: Claims Journal

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Woman Charged With Stealing $300K From California Retailers

COSTA MESA, Calif. (AP)–A woman has been charged with grand theft for allegedly stealing more than $300,000 in merchandise from retail stores in California. Ekaterina Zharkova, 38, was arrested last month after an investigator with the California Highway Patrol’s Organized … Source: Claims Journal

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Father, Son Charged With Starting Wildfire Plead Not Guilty

PLACERVILLE, Calif. (AP)–A father and son charged with starting a massive California wildfire that destroyed many homes and forced tens of thousands of people to flee Lake Tahoe communities earlier this year pleaded not guilty in court Friday. The El … Source: Claims Journal

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Crews Search For the Missing After Devastating Tornadoes

MAYFIELD, Ky. (AP)–Rescuers in an increasingly bleak search picked through the tornado-splintered ruins of homes and businesses Sunday, including a candle factory that was bustling with night-shift employees when it was flattened, as Kentucky’s governor warned the state’s death toll … Source: Claims Journal

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Wells Media Group Transitions Ownership to Its Employees

Wells Media Group, Inc announced that it has become a 100% employee-owned firm via the launch of an Employee Stock Ownership Plan (ESOP). Wells Media, the publisher of Insurance Journal, Carrier Management and Claims Journal and other news and insights … Source: Claims Journal

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VW to Pay $3.5 Million to Resolve Illinois Diesel Lawsuit

WASHINGTON –Volkswagen AG’s U.S. unit will pay $3.5 million to resolve a lawsuit by the state of Illinois against the German automaker for updates of emissions software arising from the 2015 diesel cheating scandal. Last month, the U.S. Supreme Court … Source: Claims Journal

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