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Insured Losses Hit $120 Billion as Extreme Weather Spreads
The insurance industry is struggling to adapt to a new normal in which losses fueled by climate change are now regularly exceeding $100 billion a year. Insured losses from natural disasters hit about $120 billion in 2022, most of which … Source: Claims Journal
Read MoreLawyer Urges Jurors to Acquit Ex-NY doctor in Sex Abuse Case
NEW YORK (AP) — Jurors hearing evidence Monday against a former New York gynecologist accused of sexually abusing nearly 150 patients can “cancel” and “condemn him,” but they should acquit him of federal charges that he enticed women to cross … Source: Claims Journal
Read MoreOfficials: Grounded Ship Refloated in Egypt’s Suez Canal
CAIRO (AP) — A cargo ship carrying corn that went aground early on Monday in the Suez Canal was refloated and traffic through the crucial waterway was restored, Egyptian authorities said. Adm. Ossama Rabei, head of the Suez Canal Authority, … Source: Claims Journal
Read MoreIdaho Hot Pool Roof Fall Sends 7 to Hospitals, Cause Unknown
BOISE, Idaho (AP) — A roof collapsed on bathers at an Idaho hot spring, sending seven people to hospitals with a variety of injuries. The injured ranged in age from 9 to 70. All were conscious and in stable condition … Source: Claims Journal
Read MoreAttorney Sentenced to 8 Years for Stealing Insurance Settlement Checks
A former Portland, Oregon personal injury attorney was sentenced Monday to eight years, five months in prison and ordered to pay $4.5 million in restitution for stealing insurance payouts from 135 clients. Lori E. Deveny’s actions led to the largest … Source: Claims Journal
Read MoreFla. Claims Adjuster Pleads Guilty in Scheme to Rob Drug Dealers
A former Florida claims adjuster for State Farm Insurance and Berkshire Hathaway Group has pleaded guilty to participating in a brazen plan in which suspects posed as law officers and robbed alleged drug dealers in the Tampa area. From December … Source: Claims Journal
Read MoreVista to Take Duck Creek Technologies Private in $2.6B Deal
Duck Creek Technologies, which serves some of the biggest clients in the property and casualty sector, will be taken private by Vista Equity Partners in an all-cash deal valued at about $2.6 billion, the insurance tech firm said on Monday. … Source: Claims Journal
Read MoreTexas Oil Worker Dead After Falling into North Dakota Pit
BISMARCK, N.D. (AP) — A worker from Texas is dead after falling at an oil rig site in North Dakota. Daniel Navarrete, 42, of New Braunfels, Texas, fell through an open hatch Thursday in a pit at a Nabors Industries … Source: Claims Journal
Read MoreCalifornia Braces for More Rain, Storms, Potential Floods
SAN FRANCISCO (AP) — California braced for more stormy weather with rain sweeping into the northern part the state and the San Francisco Bay area, preceding a series of powerful incoming Pacific storms and raising the potential for road flooding, … Source: Claims Journal
Read MoreFuel Leak in Virginia Shuts Down Part of Colonial Pipeline
DANVILLE, Va. (AP) — A diesel fuel leak in Virginia shut down part of the Colonial Pipeline, the nation’s largest fuel pipeline, which supplies roughly half the fuel consumed on the East Coast, but it is expected to restart Saturday, … Source: Claims Journal
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