National News

California Wildfire Grows to 575 Square Miles, Destroying at Least 100 Structures

At least 100 structures have been destroyed and roughly 4,200 more are being threatened by the Park Fire, near Chico, California, which has burned 368,256 acres and now touches four counties. Containment on the Park Fire, which has 4,742 fighting …

Mozambique Wins U.K. $3.1B Suit Against Privinvest Over ‘Tuna Bond’ Scandal

Mozambique has substantially won its $3.1-billion lawsuit at London’s High Court against Emirati-Lebanese shipbuilder Privinvest for allegedly paying bribes in relation to the decade-old “tuna bond” scandal. The southeast African country sued Privinvest and its now late owner Iskandar Safa, …

Bridging the Flood Insurance Gap – A Call to Action

Hurricane Beryl caused destruction and loss across Texas and throughout the middle of the country, reminding us, once again, of the dangers of climate change-impacted storms. As the rest of the 2024 hurricane season looms, homeowners across the country are …

Amazon Says Washington State Injury Case Has Been Dismissed

A case alleging that Amazon.com Inc. exposed warehouse workers to injuries has been dismissed for lack of evidence, the company said in a statement Thursday. The Washington state Department of Labor and Industries cited the e-commerce giant for setting rapid …

Penn National Can’t Avoid Asbestos Coverage Payout, South Carolina Supreme Court Rules

Pennsylvania National Mutual Casualty Insurance Co. cannot escape the long tail of asbestos, and must cover part of the litigation losses for an asbestos installation company that went out of business more than 30 years ago, the South Carolina Supreme …

Indivior Reaches $86M Opioid Settlement With 16 U.S. States

Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’salleged role in spreading opioid addiction across the United States, New York Attorney General Letitia James said on Friday. James said the settlement in principle concerned Indivior’s …

Banks Need to Prioritize Spending on Cyber Defenses, ECB Says

The European Central Bank said lenders in the region need to keep investing in their ability to respond to attacks by hackers after a landmark stress test of the industry showed “room for improvement.” “Banks need to prioritize investment in …

California Wildfire Continues to Spread Rapidly to 164K Acres

A massive wildfire in Northern California has destroyed an undetermined number of buildings and is threatening thousands or properties, prompting thousands of evacuations orders, as it continued to rage on Friday morning. The Park fire, which became the state’s largest …

Allstate’s National General Sued by DOJ Over Alleged Force-Placed Insurance ‘Scheme’

Allstate’s National General auto insurance brand has been sued by the U.S. Department of Justice over allegation that National General and subsidiaries “engaged in a scheme to defraud customers” by putting its insurance product onto vehicles financed by Wells Fargo. …

J&J Loses Latest Legal Bid to Revive Talc Bankruptcy Strategy

Johnson & Johnson lost its bid in a federal appeals court to revive a plan to settle tens of thousands of talc cancer lawsuits by placing a subsidiary into bankruptcy. The ruling Thursday upheld a bankruptcy judge’s dismissal last year …

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