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PG&E Soars After Striking a $13.5 Billion Deal With Fire Victims

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PG&E Corp. surged to a two-month high after reaching a $13.5 billion settlement with the victims of wildfires ignited by its power lines — a major step toward resolving the biggest utility bankruptcy in U.S. history. The agreement, announced late … Source: Claims Journal

Tesla on Autopilot Rear-Ends Parked Police Car in Connecticut

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Another Tesla Inc. vehicle operating on the carmaker’s driver-assistance system branded as Autopilot has crashed into a emergency vehicle parked on the side of the road, eliciting fresh warnings about the shortcomings of automated technology on public roads. A Tesla … Source: Claims Journal

Elon Musk Beats Back Defamation Lawsuit Over Insulting Tweet

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Elon Musk beat back a defamation claim from a British cave expert who sued the billionaire CEO over a tweet in which Musk labeled Vernon Unsworth a “pedo guy.” A federal jury in Los Angeles Friday took about an hour … Source: Claims Journal

Business People: FRISS, Cross Country Adjusting, Freeborn & Peters

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FRISS Appoints Product Development Leader FRISS, an international provider of risk analytics services to property and casualty insurers, has appointed Dan Gumpright as global vice president of products. Gumpright will drive the company’s development teams to strengthen fraud indicators and … Source: Claims Journal

Vermont 2nd State to Sound Alarm About Photo Estimates for Auto Claims

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Another state insurance commissioner is warning auto insurers about the overuse of photo estimates when making settlement offers. Vermont Insurance Commissioner Michael Pieciak issued a bulletin on Thursday to “clarify the division’s position regarding the use of visual adjusting.” “While … Source: Claims Journal

Second Evacuation Order Lifted in Texas City Hit by Explosion, Chemical Fire

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HOUSTON — Authorities on Thursday lifted a second evacuation order in a week for thousands of people in a Texas city as U.S. safety officials began examining what caused the latest in a series of chemical plant fires in the … Source: Claims Journal

Cave Explorer Dubbed ‘Pedo Guy’ Describes Hurt, Humiliation

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LOS ANGELES — A British cave explorer who helped rescue a dozen boys and their soccer coach from a flooded Thailand cave last year testified Wednesday that Elon Musk branded him a pedophile and sullied his reputation. Vernon Unsworth choked … Source: Claims Journal

Viewpoint: The Wrong Way to Fight Porch Pirates

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One consequence of America’s Cyber Monday shopping binge is the imminent arrival of $9.4 billion worth of merchandise on the nation’s doorsteps. And that will cue the annual cries of frustration about porch pirates — along with a raft of … Source: Claims Journal

Two Bayer Roundup Trials Postponed to Give Time for Talks

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Bayer AG agreed to postpone two upcoming U.S. trials involving its Roundup weedkiller to allow time for mediation talks on a possible settlement with plaintiffs. The German agriculture giant agreed to delay two trials that were set to begin in … Source: Claims Journal

FDA is Green-Lighting Drugs at Breakneck Speed and Raising Alarm

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The U.S. is approving new drugs so fast that companies are now preparing for a green light months in advance of the scheduled decision date, a pace that’s helping patients with rare or untreatable diseases but raising alarm among consumer … Source: Claims Journal