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Beach Hotels and Their Investors Welcome Insurance After the Storms
Frenchman’s Reef, the largest resort on St. Thomas, was smashed by Hurricane Irma, which breached roofs, caved in walls and felled trees across the oceanfront property. Two years later, the hotel remains closed as its owner quarrels with insurers over … Source: Claims Journal
Read MoreTexas Suffers 5 Deaths, Widespread Damage from Tropical Cyclone Imelda
The widespread damage brought to the Houston area by one of the wettest tropical cyclones in U.S. history came into broader view Saturday, as floodwaters receded to reveal the exhausting cleanup effort that lies ahead for many communities and homeowners. … Source: Claims Journal
Read MoreInsurers Join ‘Net Zero’ Climate Pledge at United Nations
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other big investors. German insurer Allianz, the California Public Employees’ Retirement System (CalPERS), … Source: Claims Journal
Read MorePG&E, Wildfire Insurers Say Bondholders’ Bankruptcy Proposal Violates Rules
PG&E Corp. and a group of insurers urged a judge to reject a competing reorganization plan for the bankrupt utility because the proposal would pay fire victims who lost their homes ahead of insurance companies and “unjustly enrich” bondholders including … Source: Claims Journal
Read MoreFor Forested Communities, It’s Fight or Flight in Face of Increasing Wildfires
Unless it’s Sunday, Kelly Loew is steering her rusty red Jeep down the same mail route in Shingletown, as she has six days a week for the last seven years. But she delivers less mail these days as California’s persistent … Source: Claims Journal
Read MoreSongwriters and Record Companies Seek New Standard for Copyright Infringement Claims
Willie Nelson has famously said a country song is “three chords and the truth.” It might not be so simple anymore. A flood of lawsuits is threatening to upend that concept, making trivial similarities in songs the basis for a … Source: Claims Journal
Read MoreFAA Chief Stresses Need for Better Plane Design and Piloting
The top U.S. aviation regulator briefed his counterparts from around the world on the grounded Boeing Co. 737 Max, reminding them that improvements in both aircraft design and piloting are needed for safety. Newly installed FAA Administrator Steve Dickson pledged … Source: Claims Journal
Read MoreDive Boat Fire Investigators May See Lesson in Ghost Ship Tragedy Negligence Case
One was a ship in name only, an artist commune set up in an Oakland warehouse. The other was a bona fide boat afloat on the ocean off Santa Barbara. Both became fiery death traps for a combined 70 souls, … Source: Claims Journal
Read MoreBoeing to Pay 737 MAX Crash Victims’ Families $144,500 Each
WASHINGTON — Boeing Co will pay the families of 346 people killed in two fatal 737 MAX crashes $144,500 each from a $50 million financial assistance fund announced in July, the fund’s administrators said on Monday. The fund, overseen by … Source: Claims Journal
Read MoreBoeing Fund to Pay 737 MAX Crash Victims $145K Each
Boeing Co.’s $50 million financial assistance fund will pay the families of 346 people killed in two fatal 737 MAX crashes $144,500 each, the fund’s administrators said on Monday. The fund, which is overseen by Washington lawyers Ken Feinberg and … Source: Claims Journal
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