Archive for March 2022

LONDON –– Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. Following the Feb. 24 attack on Ukraine and … Source: Claims Journal

LONDON — S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday. This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality … Source: Claims Journal

NASHVILLE, Tenn. (AP) — The moment nurse RaDonda Vaught realized she had given a patient the wrong medication, she rushed to the doctors working to revive 75-year-old Charlene Murphey and told them what she had done. Within hours, she made … Source: Claims Journal

SPRINGDALE, Ark. (AP) — Severe storms injured seven people, damaged buildings and downed power lines in northwest Arkansas early Wednesday as tornadoes and hurricane-force winds were forecast in much of the Deep South, a week after a twister hit the … Source: Claims Journal

COLOMBO, Sri Lanka (AP) — An organization of seven Bay of Bengal nations said its members must urgently use their geographical advantage and other resources to address their post-pandemic vulnerabilities and collectively strengthen their ability to face future calamities. In … Source: Claims Journal

BALTIMORE (AP) — The U.S. Coast Guard prepared a second attempt to free a stranded container ship Wednesday, more than two weeks after it ran aground in the Chesapeake Bay. The effort will be similar to Tuesday’s attempt involving five … Source: Claims Journal

COLUMBUS, Ohio (AP) — An Ohio woman repeatedly raped as a child suffered injuries so severe that she’s owed millions in compensation despite a state cap on pain-and-suffering awards, an attorney told the state Supreme Court Wednesday. At issue before … Source: Claims Journal

Apple Inc. and Meta Platforms Inc., the parent company of Facebook, provided customer data to hackers who masqueraded as law enforcement officials, according to three people with knowledge of the matter. Apple and Meta provided basic subscriber details, such as … Source: Claims Journal

A victim of childhood sexual abuse cannot challenge a trial court’s decision that an insurer had no duty to defend her abuser from a lawsuit, a panel of the 11th Circuit Court of Appeals ruled. The appellate panel on Tuesday … Source: Claims Journal

Florida has reached more than $878 million in settlements with CVS Health Corp and three drug companies to resolve claims and avert a trial next month over their roles in fueling an opioid epidemic in the third most populous state. … Source: Claims Journal