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Ruling 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
Read MoreWildfires in Germany, Czechia Threatening Tourist Region
BERLIN (AP) — A large wildfire on the German-Czech border is spreading and threatening to destroy a forested national park popular with tourists. The fire in the region, called Bohemian Switzerland on the Czech side and the Saxon Switzerland national … Source: Claims Journal
Read MoreKentucky Flooding Death Toll Rises to 15 and Is Expected to Grow
Kentucky’s death toll from record flooding has risen to 16 people and many more are missing as incessant rain inundates homes, washes away roads and forces residents to seek shelter on rooftops. “We have 16 confirmed fatalities, and folks that … Source: Claims Journal
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