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California’s Mosquito Fire to Cost Utility PG&E $100 Million
PG&E Corp. recorded a $100 million third-quarter charge for a California wildfire that its equipment may have sparked last month in the Sierra Nevada mountains. California’s biggest utility said the costs of the Mosquito Fire should be largely offset by … Source: Claims Journal
Read MoreSwiss Re Posts Loss on Hurricane Hit, Signals Price Hikes Ahead
Swiss Re reported a third-quarter loss of $442 million driven by claims tied to the damage from hurricane Ian, and signaled that renewal prices would jump next year. The Zurich-based reinsurer’s key unit saw $2.5 billion in claims related to … Source: Claims Journal
Read MoreEvacuation Ordered for Miami Beach Condo Building with Cracked Support Beam
A 14-story condominium building in Miami Beach, less than two miles from the collapsed Champlain Towers South, has been ordered to evacuate after engineers found expanding cracks in a main support beam. The Miami Herald reported Thursday that city officials … Source: Claims Journal
Read MoreMan Whose Fireworks Led to Botched LAPD Detonation Sentenced
LOS ANGELES (AP) _ A South Los Angeles man whose cache of illegal fireworks blew up a neighborhood in a bungled police bomb squad detonation, injuring 17 people and displacing dozens, was sentenced Wednesday to five months in federal prison. … Source: Claims Journal
Read MoreFla. Cat Fund May Borrow Billions Even Without Another Hurricane
The Florida Hurricane Catastrophe Fund is well equipped to handle losses from Hurricane Ian, which are now estimated to cost the fund about $10 billion, but it could mean the fund will have borrow billions next year – at steep … Source: Claims Journal
Read MoreData Breach Victims Sue Rhode Island Transit Agency, Insurer
PROVIDENCE, R.I. (AP) — Two people whose personal information was compromised in a data breach at Rhode Island’s public bus service that affected about 22,000 people sued the agency and a health insurer on Tuesday seeking monetary damages and answers. … Source: Claims Journal
Read MoreHurricane Ian’s Lucrative Cleanup Deals Generate New Storm
It has been a month since Hurricane Ian wiped out parts of southwest Florida. Now multimillion-dollar cleanup contracts are generating new tempests in the Category 4 storm’s wake. Contractors who remove debris and perform post-storm repairs are fighting over local … Source: Claims Journal
Read MoreJ.D. Power: Auto Insurance Customers Irked by Long Repair Times
At the same time US motorists have become more accident prone, they have grown impatient with insurers because of how long it’s takes to resolve their auto claims. J.D. Power reported Thursday that the average customer satisfaction score for auto … Source: Claims Journal
Read MoreNord Stream Operator Surveys Pipeline Leak Site
COPENHAGEN/BERLIN —Nord Stream AG, the operator of the leaking Nord Stream 1 gas pipeline, has sent a chartered ship to waters off the coast of Sweden to survey the damage for the first time, the company said on Thursday. Sweden … Source: Claims Journal
Read MoreCities Must Bargain Over Termination of Injured Workers: New York High Court
New York labor law requires a municipality to negotiate when terminating employees who are not at work for over a year because of an on-the-job injury, the New York Court of Appeals has ruled. The state’s high court ruling reverses … Source: Claims Journal
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