Takata Corp’s U.S. unit has reached a settlement with representatives of those injured by lethally defective airbags, paving the way for the company to exit Chapter 11 bankruptcy and move forward with a reorganization plan, according to court documents. The … Source: Claims Journal

Wells Fargo has made missteps in its efforts to make amends to customers who were forced to buy unneeded auto insurance. Bank spokeswoman Catherine Pulley said 38,000 customers received a letter they did not need and that contained no refund. … Source: Claims Journal

It has almost become a refrain: just what is Masayoshi Son up to? After plowing money into companies as diverse as Uber Technologies Inc., office rental specialist WeWork Cos Inc. and fintech lender SoFi, the billionaire chief of Softbank Group … Source: Claims Journal

Maryland Reports 77 Charged With Insurance Fraud in 2017, $466,000 in Fines and Penalties The Maryland Insurance Administration continues to partner with federal, state and local government agencies, insurance carriers and producers to investigate and prosecute individuals and businesses for … Source: Claims Journal

The Nebraska Supreme Court in Barnes v. American Standard Insurance Company of Wisconsin, 297 Neb. 331, 900 N.W.2d 22 (2017) recently considered whether an insurance company’s cancellation of an auto policy by certified mail permitted the granting of summary judgment … Source: Claims Journal

The maker of the powerful painkiller OxyContin said it will stop marketing opioid drugs to doctors, bowing to a key demand of lawsuits that blame the company for helping trigger the current drug abuse epidemic. OxyContin has long been the … Source: Claims Journal

Uber is paying $245 million to Google’s self-driving car spinoff to end a legal brawl that aired out allegations of a sinister scheme that tore apart the once-friendly companies. The surprise settlement announced Friday came as lawyers for Uber and … Source: Claims Journal

Weather junkie John Grosso knew it was highly unlikely a monster wave was barreling toward the Connecticut coast. Still, when a tsunami warning appeared out of the blue on his phone Tuesday, he felt a twinge of fear. His co-workers, … Source: Claims Journal

A new research letter published in a medical journal details hundreds of cases of black lung disease in the Central Appalachian coalfields. Three clinics in southwestern Virginia identified 416 coal miners with the disease from January 2013 to February 2017, … Source: Claims Journal

The Equifax data breach exposed more of consumers’ personal information than the company first disclosed last year, according to documents given to lawmakers. The credit reporting company announced in September that the personal information of 145.5 million consumers had been … Source: Claims Journal