Uncategorized

NEW YORK/LONDON –– As Russia teeters on the brink of a historic default, foreign investors in the country’s debt have few palatable options to recover their money: bet on costly legal action, trust bilateral agreements will stand, or sit on … Source: Claims Journal

The same state court system that allowed local governments to sue lead paint manufacturers for promoting a hazardous product many decades ago won’t force insurers to pay for the end result. A panel of the California 1st Division Court of … Source: Claims Journal

The conflict in Ukraine has already had a significant impact on the specialty lines re/insurance market. Although it could take months after any cessation of hostilities for loss adjusters to begin to understand the insurance industry impact, information on losses … Source: Claims Journal

PHOENIX (AP) — Arizona may lose the authority to oversee its own workplace safety program because of a pattern of ignoring federal directives involving COVID-19 protection, employer penalties and other issues, the Biden administration said Wednesday. The U.S. Department of … Source: Claims Journal

SANTA FE, N.M. (AP) — New Mexico workplace safety regulators on Wednesday issued the maximum possible fine against a film production company for firearms safety failures on the set of “Rust” where a cinematographer was fatally shot in October 2021 … Source: Claims Journal

FLAGSTAFF, Ariz. (AP) — An Arizona wildfire doubled in size overnight into Wednesday, a day after heavy winds kicked up a towering wall of flames outside a northern Arizona tourist and college town, ripping through two-dozen structures and sending residents … Source: Claims Journal

TWIN BRIDGES, Calif. (AP) — In a California forest torched by wildfire last summer, researcher Anne Nolin examines a handful of the season’s remaining snow, now darkened by black specks from the burned trees above. Spring heat waves had already … Source: Claims Journal

SAN JOSE, Calif. (AP) — A man charged with setting a fire that gutted a Northern California Home Depot, prompted hundreds to flee and filled the sky with smoke was trying to cover up a theft of tools, authorities said … Source: Claims Journal

Elon Musk will not be subjected to a “gag order” preventing him from discussing a lawsuit claiming he defrauded Tesla Inc. shareholders by tweeting in 2018 about taking his electric car company private, a federal judge ruled on Wednesday. U.S. … Source: Claims Journal

Insurers are applauding a decision by the chief judge for the U.S. District Court in Delaware to require parties to disclose whether a litigation funder has an interest in any cases brought before him. The standing order issued on Monday … Source: Claims Journal