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Posts by Y@DminG

Virus Talks Drag on Liability as Congress Preps Stopgap Aid

WASHINGTON — Lawmakers are giving themselves more time to sort through their end-of-session business on government spending and COVID-19 relief, preparing a one-week stopgap spending bill that would prevent a shutdown this weekend. House floor leader Steny Hoyer, D-Md., said … Source: Claims Journal

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Water Quality, Flooding Mean Low Grade for Major Watershed

O’FALLON, Mo. (AP) — A group developed to help improve management of the Mississippi River Watershed has issued it a disappointing report card, and says urgent action and billions of dollars are required to address flooding and water quality concerns … Source: Claims Journal

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Families of Shooting Victims Sue Sellers of ‘Ghost Guns’

LOS ANGELES (AP) — Families of those killed and wounded in a rural California shooting rampage three years ago are suing manufacturers and sellers of “ghost gun” kits that provide easy-to-assemble firearm parts that make it difficult to track or … Source: Claims Journal

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Seattle Police Settle Wrongful-Death Lawsuit for $1.5M

SEATTLE (AP) — The City of Seattle will pay the family of Che Taylor $1.5 million to settle a federal civil rights lawsuit filed after two police officers shot and killed Taylor outside a Wedgwood neighborhood home. A federal judge … Source: Claims Journal

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Company Offering Pandemic Stock Tips Accused of $137M Fraud

OLLEGE PARK, Md. (AP) –The founders of a company called Raging Bull tout themselves as expert stock traders who teach customers how they, too, can become millionaires. Marketing emails said they found a “hidden bull market” in the COVID-19 pandemic. … Source: Claims Journal

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Contractor in Surety Dispute Accuses Arch Insurance of Fraud

A Southern California construction company accuses Arch Insurance Co. of “fraudulent and deceptive behavior,” and has hired the public relations specialist who represented Michael Cohen when he spoke out against President Donald Trump to take those allegations to the press. … Source: Claims Journal

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When $2 Trillion Falls Short, Next 2020 May Be Uninsurable

There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from Covid-19 has left insurers issuing existential warnings and businesses discovering they weren’t covered. It’s resulted in courts packed with … Source: Claims Journal

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Munich Re to no Longer Cover Events Canceled for Pandemics

FRANKFURT/MUNICH — German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on Tuesday. The world’s largest resinsurer is making the change after it faced large losses this year in the … Source: Claims Journal

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