losses News

AccuWeather: Preliminary Damage and Loss from California Storms $9-$11B

The preliminary total damage and economic loss from the intense storms and record rainfall in California this week will be between $9 billion and $11 billion, according to AccuWeather estimates released on Monday. The atmospheric river hit California Saturday and …

Boeing Finds More Misdrilled Holes on 737 in Latest Setback

Boeing Co. found more mistakes with holes drilled in the fuselage of its 737 Max jet, a setback that could further slow deliveries on a critical program already restricted by regulators over quality lapses. The latest manufacturing slip originated with …

Los Angeles Braces for Floods as Atmospheric River Nears

California will get more flooding rains starting late Saturday, unfolding into early next week, as another powerful atmospheric river rolls in off the Pacific Ocean. Los Angeles will likely get 5 to 6 inches (12.7 to 15.24 cm) of rain, …

Crash Tests Indicate Nation’s Guardrail System Can’t Handle Heavy Electric Vehicles

Electric vehicles that typically weigh more than gasoline-powered cars can easily crash through steel highway guardrails that are not designed to withstand the extra force, raising concerns about the nation’s roadside safety system, according to crash test data released Wednesday …

Study: Most Common Violations Following Fatal Crashes was Reckless Driving

A study using data from the National Highway Traffic Safety Administration into offenses that drivers involved in deadly crashes are most likely to be charged with shows the most common charge is reckless driving, followed by license and registration violations. …

Global Ransomware Attacks Reach Record High in 2023, Says Corvus

Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active ransomware groups grew by 34%. Corvus Insurance recently released its Q4 2023 Ransomware Report, featuring data collected from ransomware leak …

Southern California Topped Catalytic Converter Theft Claim Markets

The Southern California regions of Los Angeles and Orange County are again the top spots for catalytic converter theft claims. The regions topped the list for the eighth consecutive quarter in a new report of markets for the most frequent …

California Utilities Regulator Okays $45 Million Penalty for PG&E Over 2021 Dixie Fire

The California Public Utilities Commission (CPUC) approved a $45 million settlement agreement between its Safety and Enforcement Division (SED) and Pacific Gas and Electric Company (PG&E), for the utility’s part in the destructive 2021 Dixie wildfire. The Dixie fire started …

Bayer’s Billions in Roundup Verdicts Increase Pressure for New Legal Strategy

Bayer AG faces mounting pressure to come up with a new plan for handling its Roundup weedkiller litigation after getting hammered by US jury verdicts totaling almost $4 billion over the last three months. The German conglomerate’s latest courtroom loss …

Texas Freeport LNG Unit Faces Month-Long Outage After Winter Storm

U.S. liquefied natural gas (LNG) company Freeport LNG said on Friday it expects one of three liquefaction units at its Texas plant will be out of service for about a month after it faced a technical issue during last week’s …