Posts by Y@DminG

Sen. Adam Schiff recently reintroduced his Incorporating National Support for Unprecedented Risks and Emergencies (INSURE) Act to create a federal catastrophic reinsurance program. The insurance industry promptly reintroduced their opposition. “The INSURE Act may sound helpful on paper but would … Source: Claims Journal

A divided federal appeals court on Friday cleared U.S. President Donald Trump to resume mass firings at the Consumer Financial Protection Bureau, ruling that a lower court had lacked jurisdiction in temporarily blocking this. However, the U.S. Court of Appeals … Source: Claims Journal

U.S. retail sales increased solidly in July, supported by strong demand for motor vehicles as well as promotions by Amazon.com and Walmart, though a softening labor market and higher goods prices could curb consumer spending growth in the third quarter. … Source: Claims Journal

South Korea’s Supreme Court rejected a 30 million won ($21,600) damage claim by an American composer who accused a South Korean kids content company of plagiarizing his version of “Baby Shark,” ending a six-year legal battle over the globally popular … Source: Claims Journal

Nedra Sims Fears still remembers the night years ago when her family home in Chicago flooded, sparking an electrical fire. Her father woke her up and rushed her outside into the pouring rain as smoke filled the rooms of their … Source: Claims Journal

The Boar’s Head deli meat plant at the heart of last year’s deadly food poisoning outbreak is set to reopen in the coming months, company officials said. But recent inspections at Boar’s Head sites in three states documented sanitation problems … Source: Claims Journal

The frequency and intensity of natural disasters have increased dramatically over the past decade driven by the effects of climate change—from unprecedented flooding to devastating wildfires—and these environmental challenges have disrupted lives and have impacted buildings and infrastructure. Storm damage … Source: Claims Journal

A fire at Japanese industrial gas maker Kanto Denka Kogyo Co.’s factory is spurring concerns about possible disruptions to the semiconductor supply chain. Last week, a fire broke out at Samsung Electronics Co. and Kioxia Holdings Corp. supplier Kanto Denka’s … Source: Claims Journal

Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing certain documents underpinning its business were falsified. A … Source: Claims Journal

The world may be about to shift into a La Niña weather pattern, a development that would increase the risk of storms in the Atlantic as the height of hurricane season approaches there. Forecasters at the U.S. Climate Prediction Center … Source: Claims Journal