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Baupost Collects $3 Billion Wagering on PG&E’s Wildfire Claims
Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires, according to people with knowledge of the … Source: Claims Journal
Read MoreRiot Declared Outside Portland Public Safety Building
PORTLAND, Ore. — Police forced protesters away from a law enforcement building in Oregon’s biggest city early Sunday, as efforts to stop the demonstrators from gathering at the building seemingly fell apart. The protesters apparently had plans Saturday night to … Source: Claims Journal
Read MoreHurricane Phoenix is Tampa Bay’s Worst-Case Scenario
TAMPA, Fla. — It is only a simulation. It’s also the worst-case scenario. One day, it could be reality. “Hurricane Phoenix” is the hypothetical disaster that would change life in the Tampa Bay area forever. Imagine a Category 5 storm … Source: Claims Journal
Read MoreDriver Accused of Texting Gets Prison in Pedestrian’s Death
FREEHOLD, N.J. — A New Jersey woman has been sentenced to five years in prison in the death of a pedestrian that prosecutors said occurred as the driver was texting — an accusation the defendant denied on the stand. Alexandra … Source: Claims Journal
Read MoreCalifornia ‘Dream House,’ Decades in the Making, is in Ashes
VACAVILLE, Calif. — When he closes his eyes at night, Hank Hanson hears sirens in his dreams — a byproduct of living nearly 30 years in the wildfire-prone wilderness of Northern California between San Francisco and Sacramento. But at about … Source: Claims Journal
Read MoreInsurers Chasing Fewer Tips From Tech, Hoping for Better Return on Investment
Even though insurers have invested heavily in fraud-fighting technology, the percentage of referrals from automated systems accepted by special investigation units has declined to 15 percent from 22 percent in the past two years, the Coalition Against Insurance Fraud reported … Source: Claims Journal
Read MoreGenevieve Loses Punch as 2 New Storms Aim for the Gulf of Mexico
CABO SAN LUCAS, Mexico — Hurricane Genevieve lost some of its punch Thursday even as it lashed Mexico’s Los Cabos tourist resorts with hurricane-force gusts and heavy rains. And two storms formed in the Atlantic Basin — both on potential … Source: Claims Journal
Read MoreBayer to Pay $1.6 Billion to End U.S. Suits Over Contraceptive
Bayer AG agreed to pay $1.6 billion to resolve most of the U.S. litigation over its now-withdrawn Essure contraceptive device, which some women said caused excessive bleeding and pelvic pain or failed to prevent pregnancies. The deal will resolve about … Source: Claims Journal
Read MoreApple Can’t Dodge Suit Claiming Sex-Bias for Canceled Contract
Apple Inc. can’t dodge a lawsuit in which it’s accused of canceling a contract with a janitorial service because the owner is a woman. In a tentative ruling Wednesday in California state court in San Jose, Judge Cynthia Lie ruled … Source: Claims Journal
Read MoreCOVID-19 Era Highlights ‘Black Hole’ Compensation Fund For Vaccine Injuries
A U.S. government program that compensates people who say they have been harmed by an emergency vaccine has paid out on fewer than 10% of claims, raising questions whether the process should be used to address any potential side effects … Source: Claims Journal
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