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10th Circuit: No Coverage Due Under Owner-Controlled Insurance Program for $22M Verdict
A multinational company that maintains power plants operated by electric utilities cannot turn to its customer’s owner-controlled insurance program for coverage after a losing a jury trial that resulted in a $222 million verdict. A panel of the 10th Circuit … Source: Claims Journal
Read MoreP/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re
The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, according to Swiss Re. The pace of claims growth in the liability line of business challenges the insurability of … Source: Claims Journal
Read MoreIndian Rescuers Reach 41 Workers Trapped in Collapsed Tunnel for 17 Days
UTTARKASHI, India (AP) — The Press Trust of India news agency says rescuers have reached workers trapped in a collapsed mountain tunnel and have started pulling them out. One worker has been rescued so far, the report said. The rescue … Source: Claims Journal
Read MoreRansomware Attack Prompts Multistate Hospital Chain to Divert Emergency Room Patients
NASHVILLE, Tenn. (AP) — A ransomware attack has prompted a health care chain that operates 30 hospitals in six states to divert patients from at least some of its emergency rooms to other hospitals, while putting certain elective procedures on … Source: Claims Journal
Read MoreUSDA Allows Pork Plants to Keep Operating at Accelerated Speeds
WASHINGTON —The U.S. Department of Agriculture said on Tuesday it will extend for up to 90 days a trial program that allows six U.S. pork plants to operate faster processing-line speeds while collecting data on how the speeds affect meatpacking … Source: Claims Journal
Read MoreTexas CEO and His 2 Children Were Among 4 Killed in Wreck Before Thanksgiving
ROUND MOUNTAIN, Texas (AP) — The CEO of a construction company and his two young children were among four people killed the day before Thanksgiving in a three- vehicle crash that was still being investigated Monday. Zach Muckleroy, 44, head … Source: Claims Journal
Read MoreFailed Wheel Bearing Caused Ky. Train Derailment but Didn’t Trigger Alarms, CSX Says
LOUISVILLE, Ky. (AP) — A failed wheel bearing on a train car caused a derailment that sparked a chemical fire and forced residents of a small town in Kentucky out of their homes for just over a day, including most … Source: Claims Journal
Read MoreLawsuit Blames Negligence by Plant Owner, HVAC Contractors for Cannabis Worker’s Asthma Death
A lawsuit has been filed over what has been identified as the cannabis industry’s first asthma workplace death. The mother of a worker who died from an asthma attack at a Massachusetts cannabis processing plant in 2022 has brought wrongful … Source: Claims Journal
Read MoreOre. Supreme Holds Claims for Lost Money are No Exception to Statute of Repose
Oregon’s statute of repose bars any action for negligent injury filed more than 10 years after the act or omission that caused the damage, even if money is the only thing at stake, the Oregon Supreme Court ruled Tuesday. In … Source: Claims Journal
Read MorePlatinum Mine Disaster Kills 11 Workers in South Africa
At least 11 people died at a mine owned by Impala Platinum Holdings Ltd. when an elevator transporting workers to the surface failed, the worst accident in the South African company’s history. On Monday afternoon, a cage hoisting miners to … Source: Claims Journal
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