damages News

PG&E Tumbles on Risk of Up to $18 Billion in Fire-Lawsuit Costs

PG&E Corp. shares plunged Monday after a judge ruled that a jury can determine whether it should pay as much as $18 billion in damages to wildfire victims. The California utility giant fell as much 28%, to $10.22, at 9:35 …

Damage Claim Hinges on Whether ‘Feral Cats’ are Domestic

Some bears can balance balls on their noses and some elephants can perch on pedestals, but that doesn’t make them domestic animals. On that principle, the Arizona Court of Appeals revived a claim against State Farm Fire and Casualty Co. …

Broker not Liable for Late Notice that Cost Client $1.34 Million

An Illinois construction company that waited six years to inform its excess insurer that it had been sued cannot expect coverage from that carrier, and it can’t go after the insurance brokerage that sold it the policy either, a federal …

ViewPoint: Why Artificial Intelligence is Critical to True Claims Automation

Once thought of as highly traditional and reluctant to change, insurers today are rethinking everything. The rise of digital-first carriers, with an ethos borrowed from their ecommerce and ebanking cousins, has generated an intense interest from incumbent carriers to focus …

Author Says Lawyers, not Plaintiffs, the Real Winners in Class-Action Suits

Brooke Melton died on her 29th birthday. Her Chevy randomly shut off in the middle of the highway a little before 8 p.m., and she crashed into a creek in Atlanta. A couple hours later, her parents were notified by …

Boeing Offers $100 Million to Families of 737 Max Crash Victims

Boeing Co. said it would offer $100 million to support the families of victims and others affected by the recent crashes of its 737 Max jetliner, which killed 346 people and have led to scores of lawsuits. The money will …

Bayer’s $80 Million Roundup Verdict Will Probably Be Cut

A federal judge said he’ll probably reduce — but not throw out entirely — an $80 million jury verdict against Bayer AG in the second case to go to trial over claims the company’s Roundup herbicide causes cancer. U.S. District …

Texas Supreme Court Clarifies Bad Faith in Appraisal Process

An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act, a split Texas Supreme Court …

Judge Tosses Suit over Northwest Iowa City’s Odor Ordinance

SIOUX CITY, Iowa — A northwest Iowa company that’s been fined thousands of dollars for the stink coming from its plant lost its lawsuit targeting the city of Sibley’s odor ordinance. Judge Leonard Strand of the U.S. District Court in …

Insurer Liable for Bad Faith Mistake of Law: Viewpoint

A recent ruling from the District of Massachusetts suggests that insurers are responsible for training their claims handlers to know and understand the law affecting their insureds’ liability – and that the insurer may be held liable for bad faith, …