Posts by Y@DminG

Swiss Re said in a report released Thursday that litigation funding has become a $17 billion industry globally, with 52% of that money being spent in the United States. The reinsurer said third-party litigation funding (TPLF) is increasing the number … Source: Claims Journal

FORT LAUDERDALE, Fla. (AP) –A train belonging to Florida’s higher-speed passenger rail service struck and killed a man walking on the tracks just weeks after the company reopened from the pandemic. The Brightline train struck the pedestrian Tuesday morning in … Source: Claims Journal

WASHINGTON (AP) –In the past year, the southwestern Louisiana city of Lake Charles weathered two hurricanes, intense rainfall that sent water gushing down streets and a deep freeze that burst pipes. Yet Tommy Eastman may eventually drop coverage on his … Source: Claims Journal

A major outage in Amazon’s cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for more than five hours, the latest sign of just how concentrated the business of keeping the internet running has become. … Source: Claims Journal

SACRAMENTO, Calif. (AP)–A company once owned by “Pharma Bro” Martin Shkreli will pay up to $40 million to settle allegations that it jacked up the price of a life-saving medication by roughly 4,000% after obtaining exclusive rights to the drug, … Source: Claims Journal

CORPUS CHRISTI, Texas (AP)–Inadequate communication, planning, and risk management by a dredge operator likely led to the cutting of a liquefied propane pipeline and an explosion that killed five people at a Texas port last year, the National Transportation Safety … Source: Claims Journal

DOVER, Del. (AP) –The judge presiding over the Boy Scouts of America bankruptcy issued a ruling Tuesday removing a former Delaware bankruptcy judge as a mediator, saying a court filing by the Boy Scouts raised questions about his impartiality. Judge … Source: Claims Journal

Sedgwick Buys Housing Firm and Legal Administration Service Sedgwick has acquired two new subsidiaries: Temporary Accommodations, an Atlanta-based firm that finds temporary lodging for policyholders while their homes are being restored; and JND Legal Administration, which provides administration services for … Source: Claims Journal

Several instances involving hostile vehicles striking the public in recent years resulted in numerous deaths and injuries. Whether intentional or accidental, these cases highlight the importance of having a comprehensive security program for public spaces and events. The latest tragedy … Source: Claims Journal

WASHINGTON — Expressing concern about distraction-affected vehicle crashes, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday it is discussing with Tesla Inc the electric carmaker’s software update that lets users play video games on a touch screen … Source: Claims Journal