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Today’s announcement by the U.S. Department of Justice of a proposed $20.8 billion out-of-court settlement with BP to resolve charges related to the Gulf Oil spill allows the corporation to write off $15.3 billion of the total payment as an … Source: Claims Journal

More than three years later, and we’re still learning from Hurricane Sandy. Thanks to a number of factors – from lack of preparation and education to outdated processes – many insurance claims still remain open. Last spring, the Federal Emergency … Source: Claims Journal

Workers’ compensation payers reported an increase of 6.4 percent in their 2014 drug spend, according to CompPharma’s 12th Annual Survey of Prescription Drug Management. “This increase is significant, especially in light of last year’s survey showing a 3.8 percent decrease … Source: Claims Journal

Before death came to Upper Big Branch Mine, Donald L. Blankenship managed his patch of Appalachia like King Coal incarnate. Outside homes in rural West Virginia flew the banner of his company, Massey Energy Co.: a flame leaping out of … Source: Claims Journal

Big business is urging the U.S. Supreme Court to curb class action litigation in a series of cases that dominate the nine justices’ business docket in the coming months. The court returns for its new term on Monday with three … Source: Claims Journal

Florida-based Heritage Insurance Holdings, Inc., a property and casualty insurance holding company, announced that it has entered a definitive agreement to acquire Zephyr Acquisition Company and its wholly-owned subsidiary, Zephyr Insurance Company, a specialty insurer in Hawaii. The acquisition will … Source: Claims Journal

More people than ever are concerned about cyber threats, according to the latest Consumer Risk Index released by Travelers. The third annual index of 1,029 survey respondents found that cyber-related concerns grew by more than 20 percentage points from last … Source: Claims Journal

The way prosecutors see it, Oneil Sharpe Jr. was drunk when he raced down a Long Island, N.Y., highway at nearly 100 mph this summer and slammed into a car carrying a family home from a church gathering, causing a … Source: Claims Journal

A pickup went airborne while a small car came to an upright stop in two crash tests of a guardrail safety device linked in lawsuits to at least nine deaths. The tests Friday at the Karco Engineering LLC in the … Source: Claims Journal

A small-time contractor “valued money over human life” when he cut corners on a demolition project, causing a building collapse that killed six people inside a thrift store, prosecutors said Wednesday as his murder trial opened. Griffin Campbell’s lawyer painted … Source: Claims Journal