Posts by Y@DminG

A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers. Catastrophe bonds, which are issued by insurers, reinsurers and governments seeking an extra layer of disaster … Source: Claims Journal

New York Attorney General Letitia James and the attorneys general of Connecticut and New Jersey secured $4.5 million from Enzo Biochem Inc. for failing to safeguard the personal and private health information of its patients. Enzo is a biotechnology company … Source: Claims Journal

Total reconstruction costs in the U.S. rose by 5.2% from July 2023 to July 2024. That’s a large increase from the cost growth from July 2022 to July 2023 (4.0%) and over the cost growth in the second quarter (1.6%), … Source: Claims Journal

Sedgwick named Ronnie Adcock global practice leader for the marine business. Adcock was previously senior vice president of Sedgwick’s U.S. marine operations, a team he has overseen for more than 20 years. He has been with Sedgwick more than 25 … Source: Claims Journal

What’s in a name? Thousands of dollars, a lost job, denied insurance coverage and the possibility of a suspended law license for a Mississippi workers’ compensation attorney, apparently. It all has to do with injured workers – both named Dorothy … Source: Claims Journal

Ford Motor is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire, the National Highway Traffic Safety Administration said on Friday. In the event of an engine failure, engine oil and … Source: Claims Journal

British drugmaker GSK said on Friday it would seek a dismissal of an upcoming Zantac case in Florida, where plaintiffs alleged that its discontinued heart burn drug had caused prostate cancer. The move followed a Florida court ruling on Thursday … Source: Claims Journal

Chevron Corp. is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on the oil major’s Richmond refinery. Richmond … Source: Claims Journal

A man who says he broke his ankle jumping into the sprinkle pool at the Museum of Ice Cream in New York City has filed a lawsuit alleging that the facility was negligent for not warning visitors that it is … Source: Claims Journal

Shock verdicts remain on the rise nationally. They are generally recognized as awards exceeding $10 million that often defy rationale in relation to actual damages. These nuclear verdicts tend to occur in jurisdictions considered judicial warzones, such as Nevada, Pennsylvania, … Source: Claims Journal