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Floods Strike New Blow in Place That Has Known Hardship
JACKSON, Ky. (AP) — Evelyn Smith lost everything in the deadly floods that devastated eastern Kentucky, saving only her grandson’s muddy tricycle. But she’s not planning to leave the mountains that have been her home for 50 years. Like many … Source: Claims Journal
Read MoreLebanon Doubts Ukraine Claim of Stolen Grain on Syrian Ship
BEIRUT (AP) — Lebanon appeared Friday to reject claims by the Ukrainian Embassy in Beirut that a Syrian ship docked in a Lebanese port is carrying Ukrainian grain stolen by Russia, following an inspection by Lebanese customs officials. A senior … Source: Claims Journal
Read MoreRuling Leaves Questions About Boy Scouts Bankruptcy Plan
DOVER, Del. (AP) — A Delaware bankruptcy judge has approved parts of the Boy Scouts of America’s reorganization plan but has rejected other provisions, saying in a ruling Friday that the organization has “decisions to make” regarding the plan. Judge … Source: Claims Journal
Read MoreSix Suffer Severe Burns in Central Mississippi Explosion
KEARNEY PARK, Miss. (AP) — At least six workers suffered severe burns following a Friday morning explosion in central Mississippi. The explosion happened at a salt water disposal site in Madison County, WLBT-TV reported. At least six people sustained burns … Source: Claims Journal
Read MoreClaims Fraud: Insurance Agent, Public Adjuster, Auto Repair Shop Owner
Insurance Agent Pleads Guilty to Embezzlement The chief executive officer of a Taunton, Massachusetts insurance agency pleaded guilty to embezzlement charges in a scheme that stole $295,278 from local businesses, state Attorney General Maura Healey’s office said Friday. David G. … Source: Claims Journal
Read MoreViewpoint: Jury Blasts Defense with a $464.5 Million Nuclear Verdict
Plaintiffs’ California dreamin’ became a reality when a Los Angeles jury went nuclear with a verdict of $464.6 million after an eight-week trial in June. The verdict included $24.6 million in compensatory damages and a staggering $440 million in punitive … Source: Claims Journal
Read MoreLloyd’s of London’s Ascot, Marsh Provide Insurance for Ukraine Sea Corridor
LONDON — Lloyd’s of London insurer Ascot and broker Marsh MMC.N on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports, removing a hurdle to getting shipments underway. Russia and Ukraine … Source: Claims Journal
Read MoreFla. 3rd: Policyholder Who Blocked Repairs Can’t Recover Damages from Insurer
Insureds cannot recover damages from the insurance company if they failed to comply with the policy and failed to allow the insurer to make the needed repairs, a Florida appeals court decided Wednesday. Florida’s 3rd District Court of Appeal upheld … Source: Claims Journal
Read MoreWatchdog Head: Fines May Not Stop Bad Behavior by Companies
NEW YORK (AP) — The head of the nation’s financial watchdog is having second thoughts about how useful fines are in deterring illegal behavior in the financial industry, saying some companies have gotten so big that the money makes little … Source: Claims Journal
Read MoreNY Attorney Gets Three Years in Cash4Cases Litigation Funding Scheme
A disbarred New York lawyer was sentenced yesterday to 36 months in prison for defrauding investors in his now bankrupt litigation finance firm called Cash4Cases. According to the U.S. Attorney for the Southern District of New York, Jaeson Birnbaum previously … Source: Claims Journal
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