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California Finally Settles Old Public Nuisance Claim for Lead Paint Remediation

When Californian counties and cities first sued paint makers in 2000, they wanted the companies to pay billions to remove dangerous old lead paint from hundreds of thousands of homes. After a 19-year legal struggle, they have finally succeeded in …

Calif. Employers Still Guessing If Comp Reforms Can Withstand New Governor

ANAHEIM, California — Seven months into the administration of Gov. Gavin Newsom, employers in solid-blue California are still waiting to see how well the workers’ compensation reforms championed by his predecessor will fare under new leadership. So far, so good, …

U.S. Again Delays Remote Drone Tracking Guidance

The Federal Aviation Administration has again delayed plans to propose new rules requiring the remote identification of drones, according to records and a member of Congress on Wednesday. Congress directed the FAA in 2016 to issue regulations or guidance by …

Feinberg to Administer $50 Million Boeing 737 Crash Victims’ Fund

Boeing Co. said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired …

Nursing Home Risks Heightened by Staffing Fluctuations

Researchers who discovered large daily staffing fluctuations, low weekend staffing and daily staffing levels that often fall well below the expectations of the Centers for Medicare and Medicaid Services (CMS) say the situation can increase the risk of adverse events …

Seeking to Avoid Escalation, Ships Deploy Unarmed Guards to Navigate Gulf

LONDON — Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said. Relations between Iran and the West are increasingly …

Chinese Drones Banned by Tech Supplier to U.S. Police

A supplier of drone technology to dozens of state and local law enforcement and public safety agencies, located in the U.S. and a handful of other countries, will stop working with Chinese drone manufacturers, citing security concerns. Cape, a Redwood …

Private Insurance Losses from Tropical Storm Barry to Add Up to Nearly $300 Million

Catastrophe modeling firm, Karen Clark & Co. (KCC), says insured losses from Tropical Storm/Hurricane Barry and its remnants will near $300 million. That figure does not include National Flood Insurance Program (NFIP) losses. KCC based the estimate on its high …

Google Attacked Over Limits on Internet Company Liability

U.S. senators used a Congressional hearing on Tuesday to push the idea of overhauling a law that protects YouTube, Facebook and other internet services from being sued for the content users post. The Senate Judiciary subcommittee hearing, led by Senator …

Lessons from Fintech Applied to Insurtech

I’ve seen this story before. Having worked in fintech since 2005, I witnessed the fintech wave forming, cresting, and eventually crashing into the financial ecosystem. If there is a fraternal twin to banking, it’s the insurance industry. Both industries are …

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