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Lloyd’s Insurers Don’t Expect Big Claims From Baltimore Bridge Collapse
Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott Key Bridge in March that caused widespread disruption, they said last Thursday. Some estimates for the total insured losses from … Source: Claims Journal
Read MoreFederal Aviation Administration Opens Probe Into Boeing 787 Inspections ‘Misconduct’
The Federal Aviation Administration said on Monday it has opened an investigation into the Boeing BA.N 787 Dreamliner after the planemaker said some employees had committed “misconduct” by claiming some tests had been completed. The FAA said it is investigating … Source: Claims Journal
Read MoreCracked Airport Columns Aren’t Insured Property Damage, Just Bad Product: Court
Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an opinion that lets St. Paul and other insurers off … Source: Claims Journal
Read MoreMonsanto Gets $185 Million PCB Verdict Tossed in Washington
Bayer AG’s Monsanto unit persuaded an appeals court in Washington state to throw out a $185 million jury award to three former teachers at a Seattle-area school who blamed exposure to the firm’s toxic chemicals for their brain injuries. A … Source: Claims Journal
Read MoreBerkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech
Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO and reinsurance operations topping any prior first quarter in the last decade. Across … Source: Claims Journal
Read MoreCOVID-19 Can Be Occupational Disease, Colorado Court Says in Worker Death Case
For the first time, a Colorado appellate court has concluded that COVID-19 can be an occupational disease that is compensable under the state’s Workers’ Compensation Act. The Colorado Court of Appeals ruling came in a case in which Life Care … Source: Claims Journal
Read MoreMistrial Declared in Civil Trial of Military Contractor Sued by Abu Ghraib Prisoners
A judge declared a mistrial Thursday after a jury said it was deadlocked and could not reach a verdict in the trial of a military contractor accused of contributing to the abuse of detainees at the Abu Ghraib Prison in … Source: Claims Journal
Read MoreMaryland Hopes to Rebuild Baltimore Bridge for $1.9B With Insurance, Federal, Other Funds
Maryland plans to rebuild the Francis Scott Key Bridge in just over four years at an estimated cost between $1.7 billion and $1.9 billion, a state transportation official said Thursday. The state plans to build a new span by fall … Source: Claims Journal
Read MoreHundreds Rescued in Flooded Neighborhoods From Houston to East Texas
High waters flooded neighborhoods around Houston on Saturday following heavy rains that have already resulted in crews rescuing more than 400 people from homes, rooftops and roads engulfed in murky water. Others prepared to evacuate their property. A wide region … Source: Claims Journal
Read MoreSouthern Brazil Hit by Worst Floods in Over 80 Years, Killing at Least 39 People
Heavy rains in the southern Brazilian state of Rio Grande do Sul killed 39 people, with another 68 still missing, the state civil defense agency said Friday, as record-breaking floods devastated cities and forced thousands to leave their homes. It … Source: Claims Journal
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