Posts by Y@DminG

Moody’s RMS Event Response on Monday released an estimate showing total U.S. private market insured losses from Hurricane Helene could be between $8 billion and $14 billion. Moody’s puts its best estimate at $11 billion. The estimate represents insured losses … Source: Claims Journal

The U.S. is in the early stages of an investigation into potential Chinese hacking of American telecommunications companies, according to a top intelligence official. National Security Agency Director General Timothy Haugh said the NSA, along with other government agencies and … Source: Claims Journal

Hurricane Milton is on track to become a catastrophic Category 5 storm as it rakes Mexico’s Yucatan Peninsula on a path toward Florida’s western coastline, where evacuations are underway in a region still recovering from Helene’s devastation. The storm’s top … Source: Claims Journal

The U.S. Supreme Court left in place a $65 million antitrust judgment against Martin Shkreli, the “Pharma Bro” who served almost seven years in prison for defrauding investors. The justices without comment turned away Shkreli’s bid to overturn the award … Source: Claims Journal

A growing number of utilities are resorting to an extreme measure to prevent their equipment from sparking catastrophic wildfires: turning off the power. Electric companies serving about 24 million homes and businesses across the fire-prone US West now have plans … Source: Claims Journal

General Motors has temporarily halted truck and SUV production at two assembly plants in Texas and Michigan because of impacts to its suppliers due to Hurricane Helene, the automaker said Friday. The Detroit automaker said production at Flint Assembly and … Source: Claims Journal

The impact and surge of long-term COVID on the California workers’ compensation system since 2020 has been prevalent, including long-term impacts on disability and long-term patterns of medical cost and treatment on long COVID claims. That’s from a report by … Source: Claims Journal

Total insured loss from Hurricane Helene is now estimated at between $10.5 billion and $17.5 billion—a figure that continues to grow as more damages are assessed, pushing catastrophe modelers to continually revise estimates upward. The estimate out from CoreLogic on … Source: Claims Journal

The U.S. Supreme Court will consider tossing out a Mexican government lawsuit accusing Smith & Wesson Brands Inc. and other gunmakers of facilitating firearm sales to people connected to the country’s violent drug cartels. In a case that could bolster … Source: Claims Journal

When Hurricane Helene barreled ashore last week, it caused devastating flooding across the southeastern U.S., including in the Shore Acres area of St. Petersburg, Florida. The neighborhood saw 6 feet of storm surge, which flooded roads and homes. It was … Source: Claims Journal