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Insurers Dive into Private Flood Coverage
Recent hurricanes have highlighted the flood insurance gap. Hurricanes Harvey, Irma and Maria caused a record $135 billion in damages, according to Munich Re estimates. Remarkably, less than half were insured losses. “There were a lot of losses that occurred … Source: Claims Journal
Read MoreState Farm Avoids Racketeering Trial With $250M Settlement
State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago. The customers … Source: Claims Journal
Read MoreBlame Game Begins Over Who is at Fault for Rio Museum Fire
Smoke rose Monday from the burned-out hulk of Brazil’s National Museum, as recriminations flew over who was responsible for the loss of at least part of Latin America’s largest archive of historical artifacts, objects and documents. The museum’s director said … Source: Claims Journal
Read MoreClimate Change-Driven Wildfires Reshape West
Wildfires in the U.S. have charred more than 10,000 square miles so far this year, an area larger than the state of Maryland, with large fires still burning in every Western state including many that are not fully contained. Whether … Source: Claims Journal
Read MoreFEMA Slammed for Puerto Rico Hurricane Response by Government Watchdog
The federal government’s chief watchdog slammed the Federal Emergency Management Agency’s response to the hurricane that killed thousands of people in Puerto Rico last year, saying it was unprepared and failed to deploy enough qualified staff. The U.S. Government Accountability … Source: Claims Journal
Read MoreHawaii County Needs $800M for Volcano Recovery
Hawaii County officials say they need $800 million to recover from the Kilauea volcano disaster. The Hawaii Tribune-Herald reports Managing Director Wil Okabe said last week that the county needs that amount to ensure the island’s long-term recovery from the … Source: Claims Journal
Read MoreLake Shore Drive in Chicago Sees Most High-Speed Tickets
Chicago’s Lake Shore Drive is a hot spot for high-speed ticketing, according to city police data. The scenic highway along Lake Michigan accounts for more than half of all such citations in the city, the Chicago Tribune reported. The number … Source: Claims Journal
Read MoreInjured Pedestrian to Get $2M Settlement From City of Honolulu
Honolulu officials have agreed to pay a $2 million settlement to a woman who was hit by a car while crossing a street in 2014. The Honolulu City Council approved the payment last month to Mariah Tinay, who claimed that … Source: Claims Journal
Read MoreState Farm Faces $8.5B Claim 19 Years After Damage Award
Planning for the caper involved finding the right man for the mission, organizing front organizations to dole out $3.5 million to ensure the job got done, and then creating a disinformation campaign to disguise their handiwork. This wasn’t the premise … Source: Claims Journal
Read MoreTropical Storm Gordon Forecast to Strike Gulf Coast as a Hurricane
New Orleans is on edge and some offshore energy workers have been evacuated as Tropical Storm Gordon heads for the U.S. Gulf of Mexico coast. It’s expected to become a hurricane Tuesday, and threatens to spread flooding rains into the … Source: Claims Journal
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