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Houthi Attacks in Red Sea Are Idling Car Factories and Delaying New Fashion
Car factories have idled in Belgium and Germany. Spring fashion lines are delayed at a popular British department store. A Maryland company that makes hospital supplies doesn’t know when to expect parts from Asia. Attacks on ships in the Red … Source: Claims Journal
Read MoreClimate Change a Risk to South Africa Premiums, Insurer Says
Climate change poses the most significant threat for South African insurance companies and risks raising premiums and the cost of reinsurance, a top official at its biggest insurer by assets said. After staying almost flat in the decade to 2020, … Source: Claims Journal
Read MoreCalifornia to Get Drenched From Fast-Moving Atmospheric River
A fast-moving atmospheric river coming off the Pacific Ocean will drench northern and central California on Wednesday and then head for the the southern half of the state. Northwest California will likely get the worst of the storm, with as … Source: Claims Journal
Read MoreBayer Jury’s $2.2 Billion Roundup Verdict is Biggest Yet
Bayer AG’s Monsanto unit was ordered by a Pennsylvania jury to pay more than $2.2 billion to a former Roundup user who blamed his cancer on the weedkiller in the largest verdict so far in five years of litigation over … Source: Claims Journal
Read MoreAvian Flu is Devastating Farms in California’s ‘Egg Basket’ as Outbreaks Roil Poultry Industry
Last month, Mike Weber got the news every poultry farmer fears: His chickens tested positive for avian flu. Following government rules, Weber’s company, Sunrise Farms, had to slaughter its entire flock of egg-laying hens — 550,000 birds — to prevent … Source: Claims Journal
Read MoreAlabama High Court Says COVID Liability Immunity Includes Slips and Falls at Hospital
When the COVID-19 virus spread across the country three years ago, dozens of state legislatures approved statutes that granted health care providers immunity from legal actions brought by people who claimed to have been injured by COVID treatments. “Absent wanton, … Source: Claims Journal
Read MoreSeattle Will Pay $10M to Protesters Who Said Police Used Excessive Force During 2020 Protests
Seattle has agreed to pay $10 million to 50 demonstrators who sued over the police department’s heavy-handed response to racial justice protests in 2020, in a settlement announced by attorneys from both sides. The protesters were among tens of thousands … Source: Claims Journal
Read MoreSmall Farmers Hit by Extreme Weather Could Get Assistance From Proposed Insurance Program
Since catastrophic flooding hit Vermont in July and waterlogged crops, some farmers are trying to figure out how to get through the next season. Water washed away seeds planted in the summer at Bear Roots Farm, which grows about 20 … Source: Claims Journal
Read MoreReforms to US Disaster Aid Expose Growing Home Insurance Gap
When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly 1.4 million households recovering from damaging floods and fires. … Source: Claims Journal
Read MoreVale, BHP Ordered to Pay $9.7 Billion for 2015 Brazilian Dam Disaster
Vale SA, BHP Group and their Samarco iron ore venture must pay 47.6 billion reais ($9.7 billion) in compensation for damages caused in a 2015 tailings dam disaster in Brazil, a judge ruled. The decision allows for the companies to … Source: Claims Journal
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