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Failure to tackle climate change and environmental degradation dominate the ranking of top risks facing the planet in the next decade, a World Economic Forum (WEF) survey of global risk specialists found. Moreover, current-day challenges including the rising cost of … Source: Claims Journal

An Alabama judge awarded Robert and Mindy Barton $900,000 for actual damages and emotional distress caused by the botched construction of their custom home, but they won’t be able to collect that judgment from the homebuilder’s general liability insurer. The … Source: Claims Journal

U.S. auto safety regulators said Tuesday in a landmark report that motor vehicle crashes, which are rising fast, cost American society $340 billion in 2019. In a comprehensive economic impact study, the National Highway Traffic Safety Administration (NHTSA) examined the … Source: Claims Journal

Louisiana lawmakers passed several bills last legislative session in response to insurers’ handling of recent natural disasters, five of which went into effect Jan. 1, 2023. The legislation resulted from a shaken homeowners insurance market that experienced eight insurers leave … Source: Claims Journal

California faces more drenching rain as a historic drought has given way to flooding that’s killed at least 14 people, closed highways and sent residents fleeing for their lives. Wind gusts exceeding 60 miles (97 kilometers) per hour are expected … Source: Claims Journal

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

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

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

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

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