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New York Lawsuit Seeks Sackler Family Investments Abroad
A New York state lawsuit is renewing longstanding questions about where some members of the billionaire Sackler family have invested the wealth they amassed from Purdue Pharma LP, the drugmaker accused of helping ignite the U.S. opioid epidemic. One place … Source: Claims Journal
Read MoreArt Dealer Pays $4.2 Million to Settle `Fake’ Old Master Dispute
Art dealer Mark Weiss and his company have paid $4.2 million to settle a lawsuit with Sotheby’s auction house after an Old Master painting he once owned got caught up in a forgery scandal that shocked the art world. Details … Source: Claims Journal
Read MoreNew Orleans Sue Several Oil, Gas Firms over Coastal Erosion
NEW ORLEANS — The City of New Orleans is suing several oil and gas companies over coastal erosion. Mayor Latoya Cantrell on Friday announced the lawsuit, which alleges that pipeline work has caused massive damage to Louisiana’s wetlands and “threatened … Source: Claims Journal
Read MoreRegulators Knew before Crashes that 737 MAX Trim Control was Confusing
SINGAPORE — U.S. and European regulators knew at least two years before a Lion Air crash that the usual method for controlling the Boeing 737 MAX’s nose angle might not work in conditions similar to those in two recent disasters, … Source: Claims Journal
Read MoreEthiopian Crash Could be Largest Non-War Aviation Reinsurance Claim: Willis Re
LONDON — Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, hitting reinsurers’ profitability, reinsurance broker Willis Re said. The crash of … Source: Claims Journal
Read MoreChemical Disaster Zone Remains No-Go Zone Two Weeks After Blaze
Two weeks after a chemical storage complex near Houston erupted in flames and menaced tens of thousands of people with dangerous fumes, the site remains too hazardous for investigators to approach. Intercontinental Terminal Co. is still trying to drain millions … Source: Claims Journal
Read MoreWall Street Embraces Weather Risk in New Era of Storms, Drought
Every uptick in wind speed along the Gulf of Mexico shoreline is of enormous interest to Mike Eilts. Eilts, senior vice president for weather at DTN, a Minnesota-based analytics firm, knows that an unexpected cold front in Louisiana, nudged southward … Source: Claims Journal
Read MoreFirefighters at Houston Chemical Disaster Scrambled for Foam
Firefighters confronted with the worst Gulf Coast industrial disaster in 14 years had to call on outside sources to augment their supply of the special foam required to extinguish chemical blazes. Intercontinental Terminal Co. confirmed it appealed to other companies … Source: Claims Journal
Read More9-1-1 System to Increase State and Local Fees in Maryland
ANNAPOLIS, Md. — Legislation that would increase state and local 9-1-1 fees in Maryland — part of the Next Generation 9-1-1 initiative that would allow faster communication with emergency responders via text, photos and videos — passed both the House … Source: Claims Journal
Read MoreMore than 1 Million Acres of U.S. Cropland Ravaged by Floods
CHICAGO/COLUMBUS, Neb. — At least 1 million acres of U.S. farmland were flooded after the “bomb cyclone” storm left wide swaths of nine major grain producing states under water this month, satellite data analyzed by Gro Intelligence for Reuters showed. … Source: Claims Journal
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