Monthly Archives: <span>January 2024</span>

Progressive Q4 Net Income Up 141% as Combined Ratio Exceeds Goal for 2023

Progressive Corp. said fourth quarter 2023 net income jumped to nearly $2 billion compared to about $826 million a year ago during the same period. The Mayfield Village, Ohio-based insurer reported some quarterly and year results as it announced its …

PacifiCorp Fire Victim Who Leapt in River Awarded $9 Million

A jury ordered a Berkshire Hathaway Energy Co. unit to pay nine homeowners at least $62 million for failing to prevent some Oregon wildfires in 2020, including $9 million for a man who jumped off a cliff into a river …

Samsara Accuses Rival Motive of Stealing Its Vehicle-Tracking Technology

Samsara Inc., a maker of vehicle tracking software, sued rival Motive, accusing the startup of systematically stealing its technology. Motive Technologies Inc., formerly known as KeepTruckin, “based much of its product line and even its business strategy on routinely stealing …

New Jersey Expands Workers’ Compensation for First Responders

New Jersey Gov. Phil Murphy recently signed into law a change in workers’ compensation coverage for volunteer and professional public safety and law enforcement personnel. The new law (A-5909/S-4267) amends current workers’ compensation law to add that a response to …

Florida Senate Committee Adopts Litigation Funding Rules; Expands Wrongful Death

Litigation financing could soon become more transparent and less influential in Florida, but a 34-year-old restriction on who can file medical malpractice wrongful death claims would be expanded under bills approved Monday by a key Florida legislative panel. The Senate …

J&J Agrees to Resolve Talc Investigations in 42 States

Johnson & Johnson on Tuesday said it had reached a tentative settlement to resolve probes by U.S. states into whether it misled consumers about the safety of its talc products, which thousands of lawsuits claim can cause cancer. The deal …

Study Probes States Where Poor Road Design Endangers Drivers Most

A study of more than 100 fatal accidents in the U.S. every year where inadequate road design is a related factor shows Arkansas is the worst state for poor road design followed by Alaska and North Dakota. The study analyzed …

Startup AiDash Raises $50M for Tech Using AI, Satellites to Spot Wildfire Risk

A California startup using artificial intelligence (AI) and satellites to spot fire and weather risks on power lines, AiDash, reported on Tuesday it had raised $50 million in new funding, reflecting Silicon Valley efforts to create products that help energy …

California May Face Major Flooding from Jan. 30: Weather Watch

The odds are rising that California and the West will be struck by a plume of moisture known as an atmospheric river from Jan. 30 to Feb. 3, the US Climate Prediction Center said in a social media post. The …

Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty

The 5th U.S. Circuit Court of Appeals ruled last week that Southwest Airlines can continue to seek reimbursement under its Liberty Mutual cyber risk policy for costs incurred during a 2016 massive computer failure. An appeals court panel disagreed with …