Posts by Y@DminG

Insured losses from the swarm of tornadoes and severe convective storms that caused destruction in parts of the United States this month could amount up to $5 billion, industry experts said on Tuesday. Catastrophe modeling firm Karen Clark & Company … Source: Claims Journal

Illinois Governor J.B. Pritzker on Monday questioned whether building codes need updating to counter risks from an increasing number of severe storms as investigators parse through reasons for the fatal collapse of an Amazon.com Inc. warehouse in the state late … Source: Claims Journal

One of the Boy Scouts of America’s primary insurers, Chubb Ltd unit Century Indemnity Co., said on Monday it will contribute $800 million to a deal proposed by the youth organization to settle around 82,500 claims from people who say … Source: Claims Journal

EDWARDSVILLE, Ill.–The U.S. workplace safety watchdog is investigating the circumstances around the collapse during Friday night’s storm of an Amazon.com Inc building in Illinois in which six workers died, an official at the U.S. Department of Labor said on Monday. … Source: Claims Journal

A Wyoming oil exploration company may not avail itself to Texas law to evade liability for injuries to one of its contractor’s employees, a panel of the US 5th Circuit Court of Appeals decided. Cannon Oil and Gas Well Services’ … Source: Claims Journal

BOGOTA — Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency pay-out to Colombia’s Empresas Publicas de Medellin (EPM) over issues with the construction of the massive Hidroituango dam. The funds will guarantee that the … Source: Claims Journal

MADRID (AP)–A volcanic eruption in Spain’s Canary Islands shows no sign of ending after 85 days, becoming the island of La Palma’s longest eruption on record Sunday. The eruption has surged and ebbed since it first began spewing lava on … Source: Claims Journal

BOSTON (AP)–A critical vulnerability in a widely used software tool –one quickly exploited in the online game Minecraft–is rapidly emerging as a major threat to organizations around the world. “The internet’s on fire right now,” said Adam Meyers, senior vice … Source: Claims Journal

COSTA MESA, Calif. (AP)–A woman has been charged with grand theft for allegedly stealing more than $300,000 in merchandise from retail stores in California. Ekaterina Zharkova, 38, was arrested last month after an investigator with the California Highway Patrol’s Organized … Source: Claims Journal

PLACERVILLE, Calif. (AP)–A father and son charged with starting a massive California wildfire that destroyed many homes and forced tens of thousands of people to flee Lake Tahoe communities earlier this year pleaded not guilty in court Friday. The El … Source: Claims Journal