News Archives - Claims Journal

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17 07, 2023

Alaska Volcano Spews Ash Cloud High Enough to Draw Weather Service Warning for Pilots

By | July 17th, 2023|Uncategorized|Comments Off on Alaska Volcano Spews Ash Cloud High Enough to Draw Weather Service Warning for Pilots

ANCHORAGE, Alaska (AP) — An erupting volcano in Alaska’s Aleutian Islands sent a towering cloud of ash into the air Friday, prompting the National Weather Service to issue an inflight warning to pilots. The Shishaldin Volcano began erupting July 11, …

17 07, 2023

Insurers Reviewing Black Sea Ship Cover After Russia Suspension

By | July 17th, 2023|Uncategorized|Comments Off on Insurers Reviewing Black Sea Ship Cover After Russia Suspension

LONDON, July 17 (Reuters) – Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia said on Monday it will suspend participation in a UN-backed deal that allows the export of grain through …

18 07, 2023

Progressive Caps Its Worst Day Since 2000 After Results

By | July 18th, 2023|Uncategorized|Comments Off on Progressive Caps Its Worst Day Since 2000 After Results

Shares of Progressive Corp. fell the most since 2000 after the insurance company released second quarter results that missed analysts’ estimates. The stock tumbled by about 13% on Thursday, following the report that its combined ratio — a measure of …

18 07, 2023

Tesla Directors Pay $735M to Settle Lawsuit over Excess Compensation

By | July 18th, 2023|Uncategorized|Comments Off on Tesla Directors Pay $735M to Settle Lawsuit over Excess Compensation

WILMINGTON, Delaware –– Tesla Inc’s directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court. The …

11 07, 2023

Flash Floods Rage in Vermont, New York; 50 Rescued by Swift Boat

By | July 11th, 2023|Uncategorized|Comments Off on Flash Floods Rage in Vermont, New York; 50 Rescued by Swift Boat

Torrential downpours unleashed flash floods on the U.S. Northeast on Monday that washed out roadways, overwhelmed rivers, prompted 50 swift boat rescues and killed a woman who was swept away in front of her fiancé, officials said. More than 13 …

11 07, 2023

Heavy Rains Cause Flooding and Mudslides in Japan, Leaving 2 Dead and at Least 6 Missing

By | July 11th, 2023|Uncategorized|Comments Off on Heavy Rains Cause Flooding and Mudslides in Japan, Leaving 2 Dead and at Least 6 Missing

TOKYO (AP) — Torrential rain pounded southwestern Japan, triggering floods and mudslides and leaving two people dead and at least six others missing, officials said Monday. Rain falling in the regions of Kyushu and Chugoku since the weekend caused flooding …

11 07, 2023

Jurors Urged to Impose Heavy Punitive Damages in J&J Talc Trial

By | July 11th, 2023|Uncategorized|Comments Off on Jurors Urged to Impose Heavy Punitive Damages in J&J Talc Trial

Lawyers for a California man who says he developed a rare cancer from exposure to asbestos in Johnson & Johnson’s JNJ.N talc-based baby powder on Monday urged a jury to order the company to pay heavy punitive damages, calling its …

11 07, 2023

AXA Weighs Offloading $2B Reinsurance Arm to Cut Disaster Risk – Sources

By | July 11th, 2023|Uncategorized|Comments Off on AXA Weighs Offloading $2B Reinsurance Arm to Cut Disaster Risk – Sources

One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French insurer AXA SA has been discussing …

6 07, 2023

15 Killed by Floods in Southwestern China as Seasonal Torrents Hit Mountain Areas

By | July 6th, 2023|Uncategorized|Comments Off on 15 Killed by Floods in Southwestern China as Seasonal Torrents Hit Mountain Areas

BEIJING (AP) — At least 15 people have been killed by floods in southwestern China as seasonal torrents hit mountain areas, authorities said Wednesday. Another four people were reported missing by mid-morning in Chongqing, a vast mountainous region of 31 …

6 07, 2023

US Agency Seeks Updated Responses from Tesla in Autopilot Probe

By | July 6th, 2023|Uncategorized|Comments Off on US Agency Seeks Updated Responses from Tesla in Autopilot Probe

WASHINGTON, July 6 (Reuters) – U.S. auto safety regulators said on Thursday they are seeking updated responses and current data for an ongoing probe into 830,000 Tesla vehicles and the automaker’s advanced driver assistance system Autopilot. The National Highway Traffic …