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Survey: Claim Severity Driving Rate Increases for Architecture and Engineering Firms
Rising claim severity is leading to rate increases for professional liability insurance sold to architecture and engineering firms, according to a report released Tuesday by Ames & Gough. The brokerage, headquartered in McLean, Va., said that 73% of professional liability … Source: Claims Journal
Read MoreJudge Rules in Favor of 3 Policyholders With COVID-19 Claims in Consolidated Case
A federal judge denied Society Insurance’s motions to dismiss three “bellwether” lawsuits filed by hospitality businesses that were denied coverage for revenue lost because of COVID-19 public health orders. U.S. District Judge Edmond Chang in Chicago, who was assigned a … Source: Claims Journal
Read MoreThefts Of Catalytic Converters Spike Amid Pandemic
DENVER (AP) — All Rebecca Hayes wanted were some bagels from Rosenberg’s. But when got into her 2007 Prius on recently, the usual silence of an electric vehicle was replaced by what sounded like a Harley-Davidson. “I came out in … Source: Claims Journal
Read MoreMother Whose 11-Year-Old Son Died in Texas Freeze Sues For $100M
The mother of an 11-year-old boy who died after they lost electricity and heat in their Texas mobile home during last week’s freeze has filed a $100 million lawsuit against two power companies for gross negligence. Maria Pineda said the … Source: Claims Journal
Read MoreSolarWinds, Microsoft, FireEye, CrowdStrike Executives Face Senate Grilling
WASHINGTON — Top executives at Texas-based software company SolarWinds Corp, digital giant Microsoft Corp and cybersecurity firms FireEye Inc and CrowdStrike Holdings Inc are expected to defend their companies’ responses to a series of breaches blamed on Russian hackers when … Source: Claims Journal
Read MoreDirty Driving: How Nevada Could Close ‘Classic’ Car Loophole
CARSON CITY, Nev. (AP) — What makes a car classic? It sounds like fodder for bar trivia, but in Nevada it’s a question almost certain to come up in the state Legislature. Classic vehicle license plates issued by the state … Source: Claims Journal
Read MoreNTSB Says Damage to United Boeing 777 Engine Consistent With Metal Fatigue
WASHINGTON — Damage to a fan blade on an engine that failed on a United Airlines Boeing 777 flight is consistent with metal fatigue, based on a preliminary assessment, the chairman of the U.S. air accident investigator said on Monday. … Source: Claims Journal
Read MoreFukushima Nuclear Plant Operator: Seismometers Were Broken
TOKYO (AP) — The operator of the wrecked Fukushima nuclear power plant said Monday that two seismometers at one of its three melted reactors have been out of order since last year and did not collect data when a powerful … Source: Claims Journal
Read MoreBoeing Engine Blowouts Investigated as Older 777s Are Suspended
Showers of jet engine parts over residential areas on both sides of the Atlantic have caught regulators’ attention and prompted the suspension of some older Boeing Co planes from service. Saturday’s incidents involving a United Airlines 777 in Denver and … Source: Claims Journal
Read MoreCommercial Property Insurance Coverage for Texas Winter Freeze Losses
For an incredible 10-day period in mid-February, Texas was battered by a brutal winter storm bringing snow, ice, and record-low temperatures. Millions of Texans were without power and water for days. These conditions forced thousands of Texas businesses to close … Source: Claims Journal
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