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California Commissioner Orders Insurance Cancelation Moratorium for 185K Residents
California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than 185,000 policyholders affected by the Park, Borel and Gold Complex fires. The moratorium shields those living within the perimeters or … Source: Claims Journal
Read MoreJudge Tosses Much of Mexico’s $10B Suit Against U.S. Gun Makers
A U.S. judge dismissed on Wednesday much of Mexico’s $10 billion lawsuit seeking to hold U.S. gun manufacturers responsible for facilitating the trafficking of firearms to violent drug cartels across the U.S.-Mexico border. U.S. District Judge Dennis Saylor in Boston … Source: Claims Journal
Read MoreDelta Passengers Sue Airline for Refusing Refunds After Massive Computer Outage
Delta Air Lines was sued by passengers who complained that the carrier refused to offer full refunds after delaying or canceling their flights in the wake of last month’s massive computer outage. The proposed class action was made public on … Source: Claims Journal
Read MoreCourt Rules Florida Insurer Can’t Object to Appraiser After the Award Is Decided
If a property insurer is going to object to an appraisal panel member’s fee arrangement, it must do so early in the process – not after the panel provides an unfavorable, multimillion-dollar appraisal award. That was the word this week … Source: Claims Journal
Read MoreA Comprehensive Strategy for Optimizing Outcomes in Catastrophic Workers’ Comp Claims
Catastrophic workers’ compensation claims present a complex web of medical, legal and financial challenges. Professionals need a roadmap for navigating the intricate journey from initial injury through long-term care and potential settlement, with key strategies to improve outcomes in these … Source: Claims Journal
Read MoreIntel Shareholders Sue Chipmaker After Job, Dividend Cuts Cause Stock Plunge
Intel was sued on Wednesday by shareholders who said the Silicon Valley chipmaker fraudulently concealed problems that led it to post weak results, slash jobs and suspend its dividend, and caused its market value to sink more than $32 billion … Source: Claims Journal
Read MoreTitan Sub Victim’s Family Seeks $50 Million Over Fatal Implosion
The family of renowned French diver and Titanic expert Paul-Henri Nargeolet is seeking $50 million after he was killed in the implosion of OceanGate’s Titan submersible last year. In a wrongful death lawsuit filed Tuesday in Washington state court, Nargeolet’s … Source: Claims Journal
Read MoreRipple Labs Ordered to Pay $125 Million Penalty in SEC Case
Ripple Labs Inc. was ordered by a federal judge to pay a civil penalty of $125 million for selling its XRP token to institutional investors, a fraction of what U.S. regulators had sought in a lawsuit against the company. The … Source: Claims Journal
Read MoreInsurer’s Lack of Repairs Caused Woman’s Death After Ian, Florida Lawsuit Says
Just as another hurricane hit Florida, the child of a central Florida woman is litigating a claim from a previous storm – Hurricane Ian in 2022. This time, though, the plaintiff claims not only breach of contract by a Florida … Source: Claims Journal
Read MoreGSK Prevails in Second Zantac Cancer Case to Go to Trial
GSK Plc convinced an Illinois jury that the former heartburn drug Zantac was not liable for a woman’s colorectal cancer in a second trial win for the British drugmaker. It comes just over two months after jurors in Chicago also … Source: Claims Journal
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