Posts by Y@DminG
Southern Exposure: Cold Wreaks Havoc on Aging Waterworks
JACKSON, Miss. (AP) — The sunshine is back and the ice has melted. But more than a week after a deep freeze across the South, many communities are still grappling with getting clean water to their citizens. For years, experts … Source: Claims Journal
Read MoreBuilders Grapple With Land Shortage, Soaring Lumber Costs
LOS ANGELES — U.S. homebuilders are poised to benefit this spring homebuying season amid strong demand, low mortgage rates and an all-time low inventory of previously occupied homes for sale. But soaring lumber prices and a shortage of construction-ready land … Source: Claims Journal
Read MoreViewpoint: Faulty Hose Bibs One of Many Subrogation Opportunities from Record Freeze
Although I am a native Texan, I grew up in Wisconsin. Therefore, I am no stranger to cold weather or the devastating effects it can have on people and property. When I moved back to Texas two years ago to … Source: Claims Journal
Read MoreTexas Lawmakers Look to Lay Blame for Deadly Power Blackout
Texas state lawmakers on Thursday dug into the causes and cast blame for deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand. Dual hearings in … Source: Claims Journal
Read MoreTexas Deep Freeze Could Cost $90 Billion in Losses, Modeler Says
Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and most of it could have been avoided, according to Enki Research disaster modeler Chuck Watson. Arctic cold brought ice and sub-zero temperatures … Source: Claims Journal
Read MoreHow Cracks in Jet Engines Elude Exams, With Deadly Results
As regulators around the world order urgent inspections of certain Boeing Co. 777 engines after one failed dramatically over suburban Denver last Saturday, they must also wrestle with a decades-old quandary: The complex technology necessary to find cracks buried within … Source: Claims Journal
Read MoreMunich Re 2020 Profit Plunges 55% as Pandemic Takes Toll
FRANKFURT — German reinsurance group Munich Re expects net profit to bounce back this year after more than halving in 2020 as the coronavirus crisis helped drive claims to a near-decade high. Major losses in 2020 for the virus and … Source: Claims Journal
Read MoreTexas Lawmakers Investigate Deadly Power Blackout
Texas state legislators on Thursday started digging into the causes of deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand. Hearings are highlighting shortcomings by … Source: Claims Journal
Read MoreLawsuits Filed Against Auto Insurers Over Rates In Pandemic
LAS VEGAS (AP) — Class action lawsuits were filed in Nevada against 10 major auto insurance companies on Tuesday, contending that the companies charged excessive insurance premiums during the pandemic by failing to account for a drop in driving and … Source: Claims Journal
Read MoreDeaf Costco Worker With Mumbling Manager Won’t Get Award
FORT LAUDERDALE, Fla. (AP) — A deaf former employee of a South Florida Costco store won’t be collecting $775,000 a federal jury awarded her in a discrimination and wrongful termination case. The U.S. Supreme Court on Monday declined to reconsider … Source: Claims Journal
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