Posts by Y@DminG
Insurance Losses from Mississippi Tornado Nearing $100M
JACKSON, Miss. (AP) — Insurance losses from the March tornado that carved a path of destruction through parts of Mississippi are approaching $100 million, and uninsured losses will likely exceed that number, the state insurance department announced Tuesday. The damage … Source: Claims Journal
Read MorePa. Supreme: Exclusive Remedy Bars Lawsuit over Dog Bite
A customer’s dog bit Lindsay Franczyk while she worked at The Home Depot. Her supervisors wouldn’t let her talk to the dog’s owner and didn’t write down any names, so she wasn’t able to file a lawsuit against the person … Source: Claims Journal
Read MoreUS Supreme Court Weighs Key Standard in Whistleblower Fraud Cases
The U.S. Supreme Court on Tuesday considered a bid by three whistleblowers to revive lawsuits accusing pharmacy operators of pocketing millions of taxpayer dollars by knowingly overbilling government health insurance programs for prescription drugs. The justices heard arguments in an … Source: Claims Journal
Read MoreInsurer Travelers Profit Falls as Costs from Severe Storms Bite
Travelers Companies Inc. on Wednesday reported a fall in quarterly profit, but announced an additional $5 billion share buyback plan that sent the shares of the property and casualty insurer up 5%. The company has $1.61 billion left over from … Source: Claims Journal
Read MoreSouthwest Passengers Face Delays After Nationwide Grounding
DALLAS (AP) – Southwest Airlines planes were briefly grounded nationwide Tuesday for what the airline called an intermittent technology issue, leading to more than 1,800 delayed flights just four months after the carrier suffered a much bigger meltdown over the … Source: Claims Journal
Read MoreJudge Says Alec Baldwin Settlement in Fatal Shooting Sealed
SANTA FE, N.M. (AP) — A judge has agreed to seal from public view the terms of a proposed settlement agreement that benefits the son of slain cinematographer Halyna Hutchins, in a wrongful death lawsuit against actor Alec Baldwin and … Source: Claims Journal
Read MoreA Look Back at Boston Marathon Bombing Insurance Claims
Ten years ago, on April 15, 2013, two brothers placed pressure cooker bombs near the finish line of the Boston Marathon. The devices detonated within seconds of each other, killing three people, injuring more than 260 others, and causing property … Source: Claims Journal
Read MoreRoofing Company Owners Plead Guilty to Tax Evasion
The owners of a Fort Myers roofing company, one that has been the subject of a number of complaints from consumers and which has filed multiple assignment-of-benefits lawsuits against property insurers, have pleaded guilty to more than $1 million in … Source: Claims Journal
Read MoreSpain’s Barcelona Faces Drought ‘Emergency’ in September
BARCELONA, Spain (AP) — Authorities in Spain’s parched northeast warned Tuesday that Barcelona and a wide surrounding area that’s home to some 6 million people could face even tighter restrictions of water use in the coming months. Samuel Reyes, head … Source: Claims Journal
Read MoreViewpoint: No Coverage for Claim Relating Back to Earlier Policy Period
The US District Court for the Southern Florida, applying Florida law, held that a directors and officers policy did not cover a claim against directors because the claim related back to an earlier policy period, even though those individuals were … Source: Claims Journal
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