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Hawaii Faces Months of Power Outages After Lala Damages Grid
More than 80,000 homes and businesses remained without power in Hawaii late Monday after Storm Lala caused extensive damage to the state’s electrical grid, with some customers potentially facing months without service. Assessments have found “major damage to infrastructure in … Source: Claims Journal
Read MoreMoody’s Says Heat, Water Scarcity Driving Stranded-Asset Risks
Extreme heat and unreliable water supplies are threatening asset valuations across a growing number of sectors as everything from labor productivity to energy costs gets impacted, according to an analysis by Moody’s. “Heat and water are no longer separate perils … Source: Claims Journal
Read MoreNJ School Board Not Liable for Boy’s Shooting at Football Game With No Metal Detector
A New Jersey public school district has been found not liable for the fatal shooting of a 10-year old boy at a high school football game where security did not include a metal detector to screen attendees. The boy’s mother … Source: Claims Journal
Read MoreMortgage Servicer Paying $15.5 Million Settlement Over ‘Force Placed’ Insurance Costs
One of the nation’s largest mortgage servicers is paying millions of dollars to settle charges it imposed insurance costs on borrowers who already had homeowners insurance policies. Forty-eight state financial agencies reached a $15.5 million settlement with NewRez LLC for … Source: Claims Journal
Read MoreMassachusetts High Court Says Mag Mutual Must Defend Doctor Accused of Stalking
A Massachusetts plastic surgeon was suspended by the state Board of Medicine in 2020 for allegedly stalking and harassing a former patient—a patient who happened to be a former girlfriend. A complaint filed with the Board by the woman’s husband … Source: Claims Journal
Read MoreKids Keep Getting Hurt and Killed on E-bikes. Should Parents Be Held Responsible?
As traumatic injuries and deaths surge among children involved in crashes on e-bikes and other electrified vehicles, one California prosecutor is cracking down by pursuing criminal charges against some of the young riders’ parents. It is just one way officials … Source: Claims Journal
Read MoreSedgwick Names Grotte Chief Commercial Officer in Sweden
Sedgwick appointed Anders Grotte as chief commercial officer in Sweden. The appointment, effective 1 September, has him leading commercial strategy and business development and strengthening client relationships. Grotte has experience in Nordic insurance and claims management. He was previously with … Source: Claims Journal
Read MoreHarvard Wins Dismissal of US Suit Over Campus Antisemitism
Harvard University won dismissal of a federal lawsuit claiming that it had “turned a blind eye to antisemitism and discrimination against Jews and Israelis,” marking another setback in the Trump administration’s campaign against the school. US District Judge Richard Stearns … Source: Claims Journal
Read MoreLala Leaves One Dead in Hawaii With Heavy Rain, Wind to Come
One person has died as storm Lala continues to batter parts of Hawaii including the Big Island and Oahu, potentially bringing nearly three feet of rain and damaging winds to parts of the state Sunday after narrowly missing landfall. The … Source: Claims Journal
Read MoreANALYSIS-Europe’s Heatwaves Expose Insurance Gap as Business Losses Mount
For more than a century, cafes in the Italian city of Padua have welcomed customers for an early evening drink, or aperitivo, encouraging them to sit outside and socialize before dinner. As Europe bakes under its fifth heatwave of the … Source: Claims Journal
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