Posts by Y@DminG

A report from the Colorado Chamber of Commerce and the American Property Casualty Insurance Association estimates a proposal to remove the noneconomic damage caps in Colorado would result in a $2.1 billion annual loss in state GDP and 15,500 jobs. … Source: Claims Journal

The California Labor Commissioner’s Office reached a $2 million settlement against Pearl B-Star Inc., DBA Lin’s Fusion for underpaying 32 workers. Pearl B-Star violated state labor laws governing recordkeeping, payroll timekeeping and cash pay without wage statements, according to the … Source: Claims Journal

Jatiek Smith, a Bloods gang member convicted on extortion and racketeering charges in New York, blamed ruthless competition and a culture of violence in the fire restoration industry for the accusations made against him by federal prosecutors. Smith was a … Source: Claims Journal

The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions. However, insurers are expected to weather the financial impact well, according to GlobalData, the London-based data … Source: Claims Journal

The New York area’s strongest earthquake in 140 years rattled northern New Jersey on Friday morning, shaking office buildings in Manhattan and snarling travel. The preliminary 4.8-magnitude temblor was the strongest in the New York area since 1884, according to … Source: Claims Journal

Thousands of homes and businesses were without power this week as severe weather roared through several states, causing at least one death and spawning possible tornadoes. Parts of Ohio, Pennsylvania, Kentucky, Mississippi, Alabama, Tennessee, West Virginia, Virginia and Georgia were … Source: Claims Journal

The U.S. Army Corps of Engineers said Thursday it expects to open a new channel to the Port of Baltimore by the end of April, freeing up commercial shipping blocked by a collapsed bridge, and then restore port access to … Source: Claims Journal

A 2024 Atlantic hurricane season forecast calls for 23 named storms, 11 hurricanes and five major hurricanes, This is the 41st year Colorado State University’s tropical meteorology project has made forecasts of the upcoming season’s Atlantic basin hurricane activity. Accuweather … Source: Claims Journal

In recent years, we’ve seen worsening climate catastrophes, escalating civil unrest, rising interest rates and the introduction of game-changing technological advancement. While these big-picture changes require critical planning, many professionals in the property and casualty field are frequently working in … Source: Claims Journal

One-third of ride-share drivers surveyed in a new study reported being involved in a crash while working. Using a cellphone, driving while tired or driving on unfamiliar roads increased the likelihood of a crash, according to the study by University … Source: Claims Journal