All Tesla Inc. directors except Chief Executive Officer Elon Musk agreed to a $60 million settlement to resolve shareholder lawsuits over the company’s purchase of SolarCity, according to court filings. Insurers covering Tesla’s directors and executives will foot the bill … Source: Claims Journal

Recent wildfires in California Wine Country, particularly those that devastated parts of Napa and Sonoma counties in October 2017, have focused attention on whether insurance covers smoke taint damage to grapes and wine. Many wineries and grape growers have notified … Source: Claims Journal

I shudder at the thought that an algorithm developed by artificial intelligence will allow the insurance industry to no longer spread the risk among all policyholders, but stick it to the few whom the data points identify as the most … Source: Claims Journal

U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less insurance coverage for physical damage and business interruption, energy companies … Source: Claims Journal

Johnson & Johnson was ordered to pay $344 million for misrepresenting the risks of vaginal-mesh implants to consumers in California, the first state to bring its claim against the company to trial after thousands of U.S. women sued and some … Source: Claims Journal

HOUSTON — The head of a company involved in a massive explosion in Houston that killed two workers and injured 20 others on Tuesday backtracked on a pledge he had made earlier in the day to fix the hundreds of … Source: Claims Journal

McALESTER, Okla. — An Oklahoma jury has found a Houston-based company 10% responsible for a January 2018 explosion and fire that killed five men. The Pittsburg County jury on Monday ordered National Oilwell Varco to pay $1 million each to … Source: Claims Journal

HAVANA — A powerful magnitude 7.7 earthquake struck in the Caribbean Sea between Jamaica and eastern Cuba on Tuesday, shaking a vast area from Mexico to Florida and beyond, but there were no reports of casualties or heavy damage. The … Source: Claims Journal

Hackers posing as a veteran London art dealer tricked a Dutch museum buying a John Constable painting into paying 2.4 million pounds ($3.1 million) into a fraudulent bank account. Scamming their way into the middle of months of negotiating emails … Source: Claims Journal

Online insurance startup Policygenius raised $100 million from investors including KKR & Co. and venture capital operations backed by Axa SA, Massachusetts Mutual Life Insurance Co. and Transamerica. The company has annual revenue of $60 million, which is 10 times … Source: Claims Journal