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California’s Wildfire Crisis Is Roiling Its Insurance Market
Lauris Bye, a homebuilding industry veteran who moved to Southern California’s wildfire-prone hills decades ago, felt confident about the newly built house he was buying about 30 miles north of downtown Los Angeles. It had safety features tucked into the … Source: Claims Journal
Read MoreBoy Scouts Mortgage Vast New Mexico Ranch Amid Sex-Abuse Litigation
The Boy Scouts of America has mortgaged one of the most spectacular properties it owns, the vast Philmont Scout Ranch in New Mexico, to help secure a line of credit as the financially strapped organization faces a growing wave of … Source: Claims Journal
Read MoreThe Small Riverside Town of Mosby, Missouri, is Disappearing One House at a Time
MOSBY, Mo. — Tammy Kilgore raised the giant claw of a John Deere excavator high in the air, then slammed it down on the roof the house where she had spent nearly her entire adult life. The shingles crunched, but … Source: Claims Journal
Read MoreMcDonald’s to Pay $26M To Settle California Wage Lawsuit
McDonald’s Corp agreed to pay $26 million to settle a nearly seven-year-old lawsuit accusing the fast food chain of underpaying U.S. staff at its corporate-owned restaurants in California. The preliminary settlement resolves claims that the company used a timekeeping system … Source: Claims Journal
Read MoreUber Defeats Rider Rape Suit Over Impostor’s Windshield Decal
Uber Technologies Inc. beat back a lawsuit by a woman who claims she was lured into a sexual assault because she mistook an Uber windshield decal on a suspended driver’s car as a symbol of a safe ride. The judge … Source: Claims Journal
Read MoreTyphoon-Lashed Philippines Taps Catastrophe Bonds
The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. The dual-tranche transaction consists of a $150 million issuance against losses from, , … Source: Claims Journal
Read MoreBusy Hurricane Season Does Less Damage, but Leaves Ominous Signs
The Atlantic Ocean has spawned lots of storms this season while doing much less damage than prior years. But warming waters promise trouble ahead. The 2019 Atlantic hurricane season, which ends Nov. 30, has been the eighth most-active in named … Source: Claims Journal
Read MoreCalifornia’s Housing Crunch is Pushing Developers Deeper into Dangerous Fire Zones
The Santa Ana winds were blowing as Greg Medeiros ducked behind his Chevy Tahoe on a remote hillside 25 miles from the edge of Los Angeles’s sprawl. He gestured to the valley below, describing his vision of Centennial, the city … Source: Claims Journal
Read MoreViewpoint: Highlighting Actionable Insights in the Claims Process
Analytics has been a hot topic for a few years now, and for good reason. More than half of analytics leaders reported a correlation between their organization’s analytics initiatives and seeing a “significant improvement” in their competitive standing. In the … Source: Claims Journal
Read MoreJailhouse Romance, Flammable Artwork and Stolen Gun Lead to Fraud Charges
A former San Francisco deputy sheriff who hooked up with one of the inmates at her jail and plotted with him to file a $67,000 insurance claim was sentenced last week to 14 months in prison. Thursday’s sentencing of April … Source: Claims Journal
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