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North Carolina Bill Limiting Farm Nuisance Damages Vetoed

Gov. Roy Cooper vetoed legislation Friday that would have limited monetary damages in civil lawsuits filed by neighbors of hog and poultry farm operations when judges determine the stench from animal waste is a nuisance. Cooper said the measure, which … Source: Claims Journal

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California Balcony Fall Victims Win Partial Settlement

The victims of a balcony collapse in Berkeley, California, that killed six college students have reached a settlement with some of the companies they sued in 2015. The settlements are confidential, said lawyers for the families of the students who … Source: Claims Journal

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P/C Insurers Report $4.7B Net Underwriting Loss in 2016

Private U.S. property/casualty insurers suffered a $4.7 billion net underwriting loss in 2016-following an $8.9 billion net underwriting gain in 2015-and experienced a 25 percent drop in net income after taxes to $42.6 billion from $56.8 billion a year earlier, … Source: Claims Journal

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Business News: Genpact, SCM, J.S. Held

Genpact Acquires BrightClaim Genpact, a global professional services firm focused on delivering digital transformation for clients, has acquired BrightClaim and their associated company National Vendor, both leading providers of integrated claims solutions to the U.S. property and casualty (P&C) insurance … Source: Claims Journal

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