Monthly Archives: <span>August 2023</span>

Maui Fire Victims Pursue Legal Tactic That Led to $13.5 Billion California Settlement

Hawaii property owners are seizing on a legal shortcut used by fire victims in California to secure compensation from Hawaiian Electric Industries Inc. for damages following the fires that ravaged Maui. The strategy, which doesn’t require proving negligence, helped push …

Severe Weather Set to Boost U.S. Disaster Funding Needs, FEMA Says

Growing extreme-weather risks mean President Joe Biden’s expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. Biden’s roughly $12 billion request would cover the spending year ending …

San Francisco Archdiocese Files for Bankruptcy Citing 500 Sex Abuse Claims

The Roman Catholic Archdiocese of San Francisco has filed a voluntary petition for bankruptcy relief under Chapter 11 of the U.S. Bankruptcy Code. The church said the filing is necessary to manage the more than 500 lawsuits alleging child sexual …

Ukraine in Talks With Insurers to Start Program to Cover Ships Hauling Grain Exports

Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of the riskiest parts of the Black Sea. The service could start as soon as early September, though a precise framework …

Deepfake Imposter Scams Are Driving a New Wave of Fraud

Computer-generated children’s voices so realistic they fool their own parents. Masks created with photos from social media that can penetrate a system protected by face ID. They sound like the stuff of science fiction, but these techniques are already available …

Maui Fire Lays Bare Utility Missteps Mirrored Across the Country

When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire, it was a wake-up call to power companies across the country. Electric lines would ultimately be blamed for the blaze, …

Drugmaker Indivior Agrees to Pay $30M to Settle Suboxone Monopoly Claims

Indivior has agreed to pay $30 million to settle a class action lawsuit filed in a U.S. court by health plans accusing the drugmaker of illegally suppressing generic competition for its opioid addiction treatment Suboxone. The settlement, disclosed on Saturday …

Starbucks Told to Pay $2.7M to Fired Manager on Top of $25M Jury Award

A judge has ordered Starbucks to pay an additional $2.7 million in lost wages and tax damages to a former regional manager who was earlier awarded more than $25 million after alleging she and other white employees were unfairly punished …

Early Estimate of Tropical Storm Hilary’s Damage and Economic Loss: $9 Billion

AccuWeather’s preliminary estimate of the total damage and economic loss from Tropical Storm Hilary in the U.S. is $7 billion to $9 billion. Hilary brought widespread flooding through Southern California, washing out roads and bridges, flooding cars and homes, and …

Commercial Restoration Company Announces Daniel Deutscher as New Vice President of Finance, Strengthening Financial Leadership

CENTENNIAL, COLORADO, August 17, 2023 – Commercial Restoration Company (CRC), a leading national provider of commercial restoration and reconstruction services, is thrilled to announce the appointment of Daniel Deutscher as its new Vice President of Finance. With a strong background …