Posts by Y@DminG

BERLIN (AP) — Temperatures on Earth will shoot past a key danger point unless greenhouse gas emissions fall faster than countries have committed, the world’s top body of climate scientists said Monday, warning of the consequences of inaction but also … Source: Claims Journal

A solar storm will sweep across the Earth Wednesday night, raising prospects of dazzling Northern Lights visible as far south as Chicago while prompting airlines and electric-grid operators to step up monitoring of the potentially damaging geomagnetic activity. Solar eruptions—called … Source: Claims Journal

A federal jury’s $14 million award to Denver protesters hit with pepper balls and a bag filled with lead during 2020 demonstrations over the police killing of George Floyd in Minneapolis could resonate nationwide as courts weigh more than two … Source: Claims Journal

An Ohio appeals court has upheld a $25 million judgment for a business that successfully claimed it was libeled by Oberlin College in the aftermath of a shoplifting incident that roiled the historic liberal arts school and music conservatory’s campus … Source: Claims Journal

Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would “vigorously defend” itself against any legal claims. Greensill’s supply chain … Source: Claims Journal

With buyers’ needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly, according to a broker report, which points to inflation discussions and sanction exclusion wording as notable highlights. “Inflation remains a … Source: Claims Journal

A decision handed down Thursday by the Florida Supreme Court, along with a recent ruling by state regulators, could give insurers another tool that could be used to stem the tide of claims litigation. In AirBnB Inc. vs. John Doe, … Source: Claims Journal

SAN ANTONIO, Texas — The use of appraisals to resolve insurance claims disputes is the new normal, even though insurers don’t trust the process to bring about a fair result, an attorney and a claims examiner said Monday during the … Source: Claims Journal

New Hampshire landowners who make their properties available to the public for recreation at no charge do not enjoy complete immunity under the state’s recreational use statute. Landowners have immunity from negligence only where the victim of negligence is actually … Source: Claims Journal

Nationwide Mutual Insurance Co. does not have to defend its insured, an Alabama man who abused a 10-year-old girl, leaving the victim with little recourse for winning significant civil damages, a federal appeals court decided last week. The 11th U.S. … Source: Claims Journal