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AccuWeather has increased its estimate of the total damage and economic loss from Hurricane Helene in the U.S. to between $225 billion and $250 billion. The update accounts for new verified information, including the loss of life, the immediate and … Source: Claims Journal

Privately insured losses from Hurricane Helene will be about $6.4 billion from wind, storm surge and inland flooding in nine states, according to Karen Clark & Co., a well-regarded storm modeling and analytics firm. The figure includes residential, commercial and … Source: Claims Journal

Citigroup Inc. settled an employment suit with an ex-trader after judges ruled he was unfairly dismissed by the bank over claims he was scapegoated for the lender’s decade-long regulatory failures in executing stock trades for clients in Asia. Ian Weir, … Source: Claims Journal

The fire that razed the historic Maui town of Lahaina last year was caused when Hawaiian Electric Industries Inc. re-energized broken utility lines that caused sparks to ignite unmaintained dry vegetation, the Maui Fire Department said. The blaze was a … Source: Claims Journal

Attorney involvement in workers’ compensation claims substantially increases total indemnity benefits paid to workers, a new study of nearly 1 million claims shows. A study from the Workers Compensation Research Institute sought to find out how attorney involvement impacts indemnity … Source: Claims Journal

As flooding hammered Appalachia in the aftermath of Hurricane Helene, residents became intimately familiar with a new norm in the US’s post-storm script: dams at imminent risk of failing. Officials last week said multiple dams were on the brink, including … Source: Claims Journal

Becton Dickinson & Co. has agreed to settle the vast majority of the thousands of lawsuits claiming hernia patients were harmed by improper surgical mesh made by units of the medical technology giant, ending one of the largest current mass-tort … Source: Claims Journal

Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer AXA over jets retained in Russia since the 2022 invasion of Ukraine, raising the prospect of further deals as a London High Court “mega trial” kicked off. Alistair … Source: Claims Journal

The Doan Group added a new insurance claim appraisal franchise serving the Iowa, Illinois and Missouri areas. Daryl Kennedy and Kindra Kennedy are the owners of the new franchise locations. They have 30 years of experience in managing appraisals. The … Source: Claims Journal

The road construction firm that employed six workers who were killed and another who was seriously injured in the collapse of Baltimore’s Key Bridge, along with its workers’ compensation carrier, have filed claims against the owner and operator of the … Source: Claims Journal