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

Farmworker Who Survived Mass Shooting at Mushroom Farm Sues Company And Owner

A migrant farmworker who survived a mass shooting last year at a Northern California mushroom farm has filed a lawsuit against the farm and one of its owners, saying they failed to keep him safe from the colleague who authorities …

Viewpoint: How Generative AI Enables a Brighter Claims Future in 2024 and Beyond

As generative AI transitions from an emerging innovation to a tried-and-true tool, this multi-use technology has given way to key use cases for the risk and insurance space. According to a recent study, by the end of 2023, half of …

Report: Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair

New technologies and rising labor costs are putting pressure on auto insurance carriers and auto repairers by making repairs more costly and increasing repair times, trends that a new report asserts are “reshaping” the industries. The bottom-line message: Newer vehicles …

Worker Burned in Explosion at Wisconsin Stadium Settles Lawsuit for $22M

A worker burned in a 2022 explosion during renovation work on the University of Wisconsin’s Camp Randall Stadium has settled his lawsuit against the project’s general contractor for $22 million, his attorney says. The settlement in Jeremy Rose’s lawsuit against …

Bayer’s $1.5 Billion Roundup Verdict Slashed to $600 Million

Bayer AG’s Monsanto unit persuaded a Missouri judge to cut almost $1 billion from a $1.5 billion jury verdict that was one of the largest in the six years the company has been fighting thousands of claims that its Roundup …

Tesla Faces Trial Over Apple Engineer’s Fatal Autopilot Crash

Tesla Inc. is headed for its highest-profile trial yet over a crash blamed on Autopilot, the driver-assistance system Elon Musk has billed as crucial to his pursuit of self-driving cars. The electric-vehicle maker prevailed in two previous trials in California …

Report: $2.1B Loss if Noneconomic Damage Caps Removed in Colorado

A report from the Colorado Chamber of Commerce and the American Property Casualty Insurance Association estimates a proposal to remove the noneconomic damage caps in Colorado would result in a $2.1 billion annual loss in state GDP and 15,500 jobs. …

California Labor Commissioner Reaches $2M Settlement with Restaurant for 32 Workers

The California Labor Commissioner’s Office reached a $2 million settlement against Pearl B-Star Inc., DBA Lin’s Fusion for underpaying 32 workers. Pearl B-Star violated state labor laws governing recordkeeping, payroll timekeeping and cash pay without wage statements, according to the …

Property Restoration Industry: A Culture in Need of Repair?

Jatiek Smith, a Bloods gang member convicted on extortion and racketeering charges in New York, blamed ruthless competition and a culture of violence in the fire restoration industry for the accusations made against him by federal prosecutors. Smith was a …

Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData

The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions. However, insurers are expected to weather the financial impact well, according to GlobalData, the London-based data …