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Some of the elderly residents of seven Louisiana nursing homes who were sent in 2021 to ride out Hurricane Ida in a crowded, ill-equipped warehouse are being offered shares of a nearly $9 million settlement after they sued. Retired state … Source: Claims Journal

After emerging from an unusually active hurricane season with market-beating returns, catastrophe bonds are rapidly adding investors. Despite the increase in extreme weather — 2024 marked the ninth straight season in which the Atlantic basin suffered above-average storm activity — … Source: Claims Journal

Tesla aims to start its robotaxi service with a company-owned fleet backed up by human teleoperators for safety, Deutsche Bank said in a note after a meeting with the company’s head of investor relations. The electric vehicle maker still is … Source: Claims Journal

States such as California are certainly experiencing a more ferocious wildfire season this year than a relatively quiet 2023. Combined CAL FIRE and U.S. Forest Service figures record over 1 million acres burnt in California this year, way above the … Source: Claims Journal

Long-range meteorologists are forecasting a temperature roller coaster through December after a cold start to the month in the Eastern U.S. December started with an Arctic blast that brought cold air to much of east, leaving much of the West … Source: Claims Journal

When hurricanes hit coastal areas, property insurers often breathe a sigh of relief when much of the damage appears to be the result of storm surge and flooding – losses that aren’t covered by most homeowners’ policies. But after Hurricane … Source: Claims Journal

The parents of a 14-year-old Missouri boy who fell to his death from an Orlando amusement park ride in 2022 have won a $310 million verdict against the attraction’s Austrian builder. Late Thursday, the Orange County jury ordered that the … Source: Claims Journal

The U.S. auto safety regulator said on Monday it has closed a preliminary evaluation into 7,745 Fisker Ocean SUVs over failure to shift vehicles into the park gear, after the electric-vehicle startup issued recalls and released a software update. Earlier … Source: Claims Journal

This year is “effectively certain” to be the warmest on record with temperatures climbing above a closely watched threshold for the first time. The average global temperature reached 1.62C above pre-industrial levels in November, according to the EU-funded Copernicus Climate … Source: Claims Journal

Jane Street Group and Millennium Management agreed to settle a lawsuit over the alleged theft of a secret billion-dollar India options trading strategy, effectively ending a court battle that captivated Wall Street. In a filing Thursday in Manhattan federal court, … Source: Claims Journal