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Posts by Y@DminG

State Farm Sued Over Policies Backed by Distressed Insurer PHL

State Farm Mutual Automobile Insurance Co. faces a lawsuit accusing it of fraud and unjust enrichment for selling products from PHL Variable Insurance Co., which authorities say has a $2.2 billion capital shortfall that left policyholders with less-than-promised payouts. Three … Source: Claims Journal

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Hong Kong Orders Citywide Scaffolding Nets Removal After Blaze

Hong Kong ordered all buildings undergoing major repair work to immediately remove exterior scaffolding nets, as authorities investigate suspicions of forged safety certifications in connection with the city’s recent deadly blaze. All buildings currently carrying out the major repair works … Source: Claims Journal

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