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The concept of builder’s risk insurance revolves around providing coverage for potential losses that occur during the construction or renovation of a building or infrastructure project. Builder’s risk insurance can also cover losses caused by delays in construction projects due … Source: Claims Journal

A group of Kentucky residents on Wednesday sued CSX, saying the railroad operator could have prevented a train derailment that spilled molten sulfur in remote eastern Kentucky on the eve of the U.S. Thanksgiving holiday. The proposed class action lawsuit … Source: Claims Journal

NEW YORK (AP) — General Motors` troubled Cruise autonomous vehicle unit is cutting over 900 jobs, about a quarter of its workforce, as it moves to reduce costs and remake itself after a series of safety problems in San Francisco. … Source: Claims Journal

ATLANTIC CITY, N.J. (AP) — Even with two lanes in each direction, the main road through Atlantic City can be choked with traffic, particularly on days when one or more big concerts are in town. Now, to access federal and … Source: Claims Journal

EL BOSQUE, Mexico (AP) — People moved to El Bosque on the Gulf of Mexico in the 1980s to fish and build a community. Then climate change set the sea against the town. Flooding driven by some of the world’s … Source: Claims Journal

CHICAGO (AP) __ The family of a Chicago woman who froze to death after she became locked in a hotel freezer has agreed to a $10 million legal settlement. Kenneka Jenkins` mother, Tereasa Martin, will receive about $3.7 million, according … Source: Claims Journal

Think cyber events don’t have long tail? Consider this: Home Depot is still in a legal battle to get $50 million in coverage from two insurers nearly a decade after hackers used point-of-sale machines to hack the retailer. In a … Source: Claims Journal

One year ago, three independent claims adjusters stood before the Florida House Commerce Committee and charged that several insurance companies had frequently and misleadingly altered their damage estimates on wind claims. The chairman of that committee said the men’s allegations … Source: Claims Journal

While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns associated with environmental, social, and governance issues. Agree or not with the premise … Source: Claims Journal

WASHINGTON (AP) — When you buy eyedrops at a U.S. store, you might assume you`re getting a product made in a clean, well-maintained factory that’s passed muster with health regulators. But repeated recalls involving over-the-counter drops are drawing new attention … Source: Claims Journal