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The Struggle to Sell a $225,000 Pile of Junk at Art Basel Miami
The artist Portia Munson is known for her very bright, very chaotic, more-is-more artworks filled with “ephemera,” which is often a polite way of saying “junk.” Her 1996 piece The Garden, a meditation on feminism and climate change, comprises more … Source: Claims Journal
Read More9th Circuit Finds Carrier Not Liable to Defend in Sexual Abuse Case
A federal appellate court reversed a ruling that would have forced a homeowner’s insurer to pay up to $300,000 in damages to a woman who had been sexually abused by its policyholder, despite exclusions in the policy for intentional acts. … Source: Claims Journal
Read MorePG&E Is Near $13.5 Billion Deal With Wildfire Victims
PG&E Corp. is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines, a key step toward resolving the biggest utility bankruptcy in U.S. history, according to people familiar with the matter. … Source: Claims Journal
Read MoreSurge of New Abuse Claims Threatens Church Like Never Before
NEW YORK — At the end of another long day trying to sign up new clients accusing the Roman Catholic Church of sexual abuse, lawyer Adam Slater gazes out the window of his high-rise Manhattan office at one of the … Source: Claims Journal
Read MoreSources Say Saudi Aramco Pursues War Cover After Attacks
Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil company, has been looking … Source: Claims Journal
Read MoreAlibaba-Backed Startup Autox Applies for Driver-less Test Permit In California
Chinese startup AutoX, backed by e-commerce giant Alibaba, has applied to test self-driving vehicles without an in-car backup driver in California, the first challenger to Alphabet Inc’s autonomous driving venture Waymo to say it has done so. If granted the … Source: Claims Journal
Read MoreAir-Bag Maker Takata Spurs 1.4 Million-Car Recall on Deadly Flaw
Takata Corp., the auto-parts supplier that went bankrupt after its air bags spurred the largest-ever recall, told U.S. safety regulators that another 1.4 million U.S. vehicles need to be repaired over a potentially deadly defect. Inflator devices Takata supplied to … Source: Claims Journal
Read MoreProbe Can’t Determine Cause of Minneapolis High-Rise Fire
MINNEAPOLIS — Fire officials said Monday they could not determine the exact cause of a high-rise apartment fire that killed five people last week in Minneapolis and that a handful of factors may have contributed to igniting the blaze. The … Source: Claims Journal
Read MorePublic Lands Commissioner Proposes Fund to Fight Wildfires
SPOKANE, Wash. — The state’s commissioner of Public Lands released a proposal Monday to raise some $63 million each year to fight wildfires and take steps to prevent them in the first place. Money for the fund will come from … Source: Claims Journal
Read MoreBusiness News: Mitchell and Comp Alliance, Verisk, One Inc., Trov
Mitchell|Genex Acquires CompAlliance Mitchell|Genex has acquired CompAlliance, a national managed care service provider for the workers’ compensation industry. CompAlliance’s preferred provider organization, medical bill review, case management, utilization review and 24-hour nurse triage services will become a part of Mitchell|Genex. … Source: Claims Journal
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