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FEMA Approves $61M For Iowans Affected by Spring Flooding and Severe Storms

The Federal Emergency Management Agency approved more than $61 million for Iowa residents who experienced damage from this spring’s flooding, severe storms and tornadoes. FEMA said has provided $56 million in Individual Assistance money to help survivors with home repairs, …

Texas Sues GM for Allegedly Violating Drivers’ Privacy

General Motors has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to collect data about drivers, which it then sold to insurers and other companies without drivers’ consent. …

U.S. SEC Sues Over Alleged $650M Global Crypto Fraud

The U.S. Securities and Exchange Commission on Monday sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide, including many Haitian-Americans. NovaTech and co-founders Cynthia and Eddy Petion …

GM to Recall 21,000 U.S. Electric SUVs Over Braking Concerns

General Motors is recalling 21,469 electric SUVs in the U.S. over concerns of an unexpected activation of the anti-lock brake system, and will remedy the issue through an over-the-air update, the National Highway Traffic Safety Administration said on Tuesday. The …

Avon Products Files for Bankruptcy to Wrangle Talc Lawsuits

Avon Products Inc., owner of the beauty brand known for its door-to-door saleswomen, filed for bankruptcy after facing a wave of lawsuits alleging talc in its products caused cancer. The company filed for Chapter 11 in Delaware on Monday as …

Report: 2.6M Homes with a Cost of $1.3 Trillion at Moderate to Very High Risk of Wildfire

More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire damage during the 2024 wildfire season, a new report shows. The 2024 CoreLogic Wildfire Risk …

New Report Outlines How Tech Is Used to Target Transportation, Logistics Sectors

In 2022, a covert practice by unscrupulous lawyers targeting insurers was uncovered by Demotech Inc., a financial analysis firm serving the property/casualty insurance sector. Demotech’s research conducted with Todd Kozikowski exposed troubling trends detailed recently. A sharp rise in claims …

Plaintiffs in Lawsuit Vs. NCAA Ask Judge to Deny Preliminary Approval of Billion Settlement

Plaintiffs’ attorneys in a federal antitrust lawsuit against the NCAA that is not part of a recent $2.78 billion settlement agreement filed a motion asking a judge to deny preliminary approval of the deal. Attorneys in Fontenot v. the NCAA, …

J&J Gets Plaintiff Backing for $6.5 Billion Baby Powder Accord

Johnson & Johnson has cleared a key hurdle for advancing a $6.5 billion plan to resolve thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter. More than 75% of …

Hawaiian Electric Pegs Loss at $1.7 Billion From Maui Fire

Hawaiian Electric Industries Inc. pegged losses from estimated accrual of liabilities stemming from one of the worst wildfires in US history at $1.7 billion and issued a going-concern warning. Hawaiian Electric said last week that it had agreed to pay …