Uncategorized
Can Companies Leaving Russia Recoup Losses Through Insurance?
Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global professional services firm. The following is a look … Source: Claims Journal
Read MoreOhio High Court Rules Coverage Owed for Contamination That Ruined Product
Contamination that ruined more than $1 million worth of glass containers manufactured by a policyholder’s customer counts as damage that is covered by an umbrella insurance policy, the Ohio Supreme Court ruled Wednesday. The Supreme Court justices unanimously agreed that … Source: Claims Journal
Read MoreLouisiana, Mississippi, Alabama Warned as Storm Approaches
DALLAS (AP) — A storm system that left widespread damage and some injuries in its wake in Texas drifted into Louisiana, Mississippi and Alabama on Tuesday, possibly triggering “a regional severe weather outbreak,” the Storm Prediction Center said. The affected … Source: Claims Journal
Read MorePower Outage Alert in Japan Amid Quake Damage, Cold Weather
TOKYO (AP) — Japanese were urged Tuesday to conserve energy as the government warned of potential blackouts in the Tokyo region due to a shortfall in power generation after several coal-fired plants temporarily stopped generating electricity following an earthquake last … Source: Claims Journal
Read MorePowerful Storm System Wallops Texas; Tornado Watch Issued
DALLAS (AP) — One person was killed and more than a dozen were injured when tornadoes tore through parts of Texas and Oklahoma, damaging a school, homes and businesses, officials said. The same storm system was poised to move into … Source: Claims Journal
Read MoreDirty Snow and Warm Temps Aid Red River Valley Snowmelt
FARGO, N.D. (AP) — Any fears of an extended spring flooding season in the Red River Valley have been virtually eliminated thanks in large part to the soil-stained snow that helped absorb warmth from the sun, the National Weather Service … Source: Claims Journal
Read MoreAutopsy: Cocaine, PCP Found in Driver in Wreck That Killed 9
LAS VEGAS (AP) — A 59-year-old motorist had cocaine and PCP in his system when his car accelerated into a busy crossroads in North Las Vegas in January, causing a multi-vehicle wreck that killed him, his passenger and seven members … Source: Claims Journal
Read MoreBody of Missing Coal Miner Found After Roof Collapse
HARLAN, Ky. (AP) — Crews have recovered the body of a Kentucky coal miner missing after a roof collapsed deep underground, officials said. INMET Mining CEO Hunter Hobson told WYMT-TV on Monday night that it was with “deepest sorrow” that … Source: Claims Journal
Read MoreAttorney for Libby Mine Claimants Hopes to Undo $500M Loss Portfolio Deal
A Montana attorney who helped win a $36.5 million jury verdict for a worker exposed to asbestos at the Libby Mine is asking a federal court to void a loss-portfolio deal that transferred liability for hundreds of similar claims from … Source: Claims Journal
Read MoreRelated Claim Exclusion Doesn’t Require ‘Fundamentally Identical’ Actions in Delaware
The Delaware Supreme Court has ruled that solar panel manufacturer First Solar, which faced two securities class actions, is not entitled to have its insurance policies cover both because the later-issued of its policies excluded coverage for related actions. The … Source: Claims Journal
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