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Travelers Profit Misses on Higher Reserves for Claims

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Insurer Travelers Cos Inc reported a lower-than-expected quarterly profit on Tuesday as it bolstered its reserves to cover asbestos-related and other claims, sending its shares down nearly 4% in trading before the bell. The insurer said it set aside an … Source: Claims Journal

Massachusetts Vaping Sales Ban Can Stand but Needs Fixes – Judge

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BOSTON — A Massachusetts judge on Monday declined to immediately halt a ban on the sale of vaping products adopted after an outbreak of e-cigarette-related lung injuries, but he said the state must redo the ban and get public comment … Source: Claims Journal

Air Taxi Startup Lilium Expands Production as Prototype Exceeds 100 KM/H

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BERLIN — A prototype flying taxi has achieved speeds in excess of 100 km/h (62 mph), its German developer Lilium said on Tuesday, giving it confidence to expand production capacity ahead of a planned commercial launch in 2025. Munich-based Lilium … Source: Claims Journal

$50 Billion Opioid Settlement Bid Sparks States-Cities Fight

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About $50 billion in settlement offers by drugmakers and distributors have sparked a fight between state attorneys general and thousands of local governments over how much the pharmaceutical industry should pay for its role in creating the U.S. opioid epidemic. … Source: Claims Journal

Vladimir Putin Wants Everyone to Love the Way He Watches Them

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The fourth of 10 basic rules Western spies followed when trying to infiltrate Russia’s capital during the Cold War—don’t look back because you’re never alone—is more apt than ever. Only these days it’s not just foreigners who are being tracked, … Source: Claims Journal

Court Allows Suit Alleging ‘Outrageous Conduct’ by AIG and Coventry to Proceed

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An Alabama appellate court has cleared the way for a lawsuit that alleges outrageous and fraudulent conduct by American International Group and Coventry against a worker who was injured in an explosion and sought psychological care. The Court of Civil … Source: Claims Journal

Tornado Spawned by Tropical Storm Nestor Damages Florida Homes

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TALLAHASSEE, Fla. — A tornado spawned by Tropical Storm Nestor damaged homes and a school in central Florida but the storm spared an area of the Florida Panhandle devastated one year ago by Hurricane Michael, authorities said Saturday. The Polk … Source: Claims Journal

Twitter Blamed for Saudi Spy Hack of Activist Tied to Khashoggi

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A Saudi dissident sued Twitter Inc. claiming its failure to tell him about a state-sponsored hack of his account led to government agents discovering his plans for a social media protest with Jamal Khashoggi a few months before the journalist … Source: Claims Journal

Drug Wholesalers, Teva Settle With Ohio Counties Over Opioids

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The three largest U.S. drug distributors and a major generic-drug manufacturer have agreed to pay $260 million to settle the first federal trial over the companies’ role in fueling the U.S. opioid epidemic. Drug distributors McKesson Corp., Cardinal Health Inc. … Source: Claims Journal

Boeing Pilot Assured FAA 737 Was Safe After Scary Simulator Trip

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Boeing Co. and the U.S. Federal Aviation Administration are engulfed in a public rupture over a bombshell revelation about the 737 Max, and the timing couldn’t be worse — just as the planemaker and the regulator are working to get … Source: Claims Journal