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California Fireworks Explosion Caused $3.2 Million in Damage
ONTARIO, Calif. (AP) — A massive fireworks explosion that left two people dead in Southern California earlier this week caused at least $3.2 million worth of damage, officials said Friday. Residents began returning to their homes Friday evening after evacuating … Source: Claims Journal
Read MoreN.H. Supreme Finds ‘Special Relationship,’ Affirms Jury Award Against Insurance Agency
A split decision by the New Hampshire Supreme Court released Friday offers a lesson to insurance agents about the importance of checklists. Three justices overruled two dissenters to affirm a Superior Court jury’s verdict that Foy Insurance Group was negligent … Source: Claims Journal
Read MoreTokio Marine Faces Larger-Than-Expected Greensill Exposure
Tokio Marine Holdings Inc. is facing a larger-than-expected exposure to the Greensill Capital meltdown after finding that reinsurance contracts intended to limit losses didn’t cover its unit that did the most business with Greensill. Tokio’s Australia Bond & Credit Co. … Source: Claims Journal
Read MoreCalifornia AG Challenges Housing Plans in Wildfire Areas
SACRAMENTO, Calif. (AP) — California’s attorney general is challenging some of the state’s largest suburban development projects as local officials weigh the risk of increasingly devastating wildfires against the state’s dire need for more housing. Attorney General Xavier Becerra on … Source: Claims Journal
Read MoreStorms Moving Eastward, Leave Trail of Damage in Deep South
BIRMINGHAM, Ala. (AP) — Storms that left splintered homes and broken trees across Alabama and Mississippi moved into Georgia and Florida on Thursday, rousing residents with early morning warnings as forecasters said the threat of dangerous weather would move up … Source: Claims Journal
Read MoreAltice Reaches $72M Settlement With New York Over Response to Tropical Storm Isaias
NEW YORK — Altice USA Inc has reached a nearly $72 million settlement to resolve New York state claims that the phone and cable TV provider failed to adequately prepare for or respond to Tropical Storm Isaias in August, when … Source: Claims Journal
Read MoreFlorida Vet Held on Child Pornography, Bestiality Charges
MIAMI (AP) — A South Florida veterinarian is facing charges of possessing child pornography and sexually abusing a dog, authorities said. Prentiss Madden, 40, was arrested by federal agents on Tuesday and ordered held pending a Friday bond hearing, court … Source: Claims Journal
Read MoreInsurer Chubb Offers to Acquire Rival Hartford for $23.24 Billion
Property and casualty insurer Chubb Ltd on Thursday offered to acquire smaller rival Hartford Financial Services Group Inc in a $23.24 billion cash-and-stock deal. Chubb’s $65 per share offer represents a premium of 13.2% to Hartford’s last close of $57.41. … Source: Claims Journal
Read MoreViewpoint: Psychedelic Drugs to Treat Pain in Workers’ Compensation Cases?
Medical science has moved forward by leaps and bounds in recent years, and yet for too many injured workers, their initial work-related injury and subsequent medical treatment is only the start of an all-too-familiar downward spiral that often ends in … Source: Claims Journal
Read MoreChubb Exploring Purchase of Rival Hartford, Sources Say
Chubb Ltd., the global insurer led by Evan Greenberg, is exploring an acquisition of Hartford Financial Services Group Inc. in what could be one of the industry’s biggest deals in years, people familiar with the matter said. The New York-listed … Source: Claims Journal
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