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Supreme Court Turns Away Veterans Seeking Disability Benefits over 1966 Hydrogen Bomb Accident
WASHINGTON (AP) – The Supreme Court on Tuesday rejected an appeal on behalf of some U.S. veterans who want disability benefits because they were exposed to radiation while responding to a Cold War-era hydrogen bomb accident in Spain. The justices … Source: Claims Journal
Read MoreHail and Wind from Thunderstorms Caused $5.5 Billion in Losses, KCC Says
Severe weather created when a stationary front trapped warm, humid air over Texas and the Southeast caused an estimated $5.5 billion in insured losses, Karen Clark & Co. said in a briefing on Tuesday. KCC said there were dozens of … Source: Claims Journal
Read MoreNew US Home Construction Surges by Most in 3 Decades in May
Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in more than three decades and permits for future construction also climbed, suggesting the housing market may be turning a corner after getting clobbered by Federal Reserve interest … Source: Claims Journal
Read MoreUniversity of Delaware Settles Class Action Over COVID Campus Shutdown
The University of Delaware has agreed to pay $6.3 million to settle a lawsuit over its campus shutdown in 2020 and the halting of in-person classes because of the coronavirus pandemic. According to court papers that were filed this month … Source: Claims Journal
Read MoreLightning to Blame for $952M in Homeowners Claims in 2022
Claims involving lightning in 2022 resulted in homeowners insurance payouts approaching $1 billion, according to the Insurance Information Institute. The total value of claims in 2022 attributable to lightning was $952 million, down from $1.3 billion in 2021, said Triple-I. … Source: Claims Journal
Read MoreTropical Storm Bret Nears Caribbean, With Potential Second System Gathering Strength
Tropical Storm Bret is nearing the Caribbean, while a second system looks to be gathering strength behind it, providing an unusual amount of unsettling activity in the early weeks of the Atlantic hurricane season. Bret formed Monday east of the … Source: Claims Journal
Read MorePower Outages Continue Across Southern Us; Triple-Digit Heat Wave Grips Texas
AUSTIN, Texas (AP) – More than 100,000 customers in the southern U.S. remained without power Monday following damaging storms, leaving residents searching for relief as sweltering temperatures continued to scorch the region. Power outages for some customers in the piney … Source: Claims Journal
Read MoreVerdict in Oregon Wildfires Case Highlights Risks Utilities Face amid Climate Change
PORTLAND, Ore. (AP) – A jury verdict that found an Oregon power company liable for devastating wildfires – and potentially billions of dollars in damages – is highlighting the legal and financial risks utilities take if they fail to take … Source: Claims Journal
Read MoreLiberty Mutual Avoids Payout Even Though Sublimit Omitted from Policy
What happens when an insurance carrier, its underwriter, a broker and the insured all forget to make sure a sublimit endorsement on wind-driven rain losses is included in a multi-million dollar property policy? In the case of a Liberty Mutual … Source: Claims Journal
Read MoreN.C. Supreme Restores Award to Injured Truck Driver, Reversing Appeals Panel
An injured truck driver described as “pretty tough” by her doctor after she finally sought treatment more than a year after a back injury was eligible for total temporary disability benefits despite the late notice, the North Carolina Supreme Court … Source: Claims Journal
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