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Viewpoint: Adopt a ‘Need-to-Know’ Approach to Avoid Nuclear Verdicts
The last claim settlement I wrote was considered a bargain at $5 million, half of the $10 million amount that would be deemed a “nuclear verdict.” According to VerdictSearch, nuclear verdicts have increased 300% since 2019. Adjusters can take action … Source: Claims Journal
Read MoreW. Va. City, Drug Distributors Trade Final Words in Landmark Opioid Trial
CHARLESTON, W.Va. — Lawyers for a West Virginia city and county hard hit by the opioid crisis began wrapping up their case in a $2.5 billion trial on Tuesday arguing major drug distributors flooded the region with the addictive pills, … Source: Claims Journal
Read MoreLondon Judges Reverse Course to Reopen $7B Brazil Dam Lawsuit Against BHP
LONDON — London’s Court of Appeal made a U-turn on Tuesday by agreeing to reopen a $7 billion lawsuit by 200,000 claimants against Anglo-Australian mining giant BHP , reviving a case over a dam rupture behind Brazil’s worst environmental disaster. … Source: Claims Journal
Read More“It’s Terrible”: After Frosts, Champagne Vineyards Hit by Fungus
PARIS — About 20% to 25% of the Champagne vineyard has been damaged by mildew fungus due to heavy rainfall earlier this month, adding to severe losses caused by frosts earlier in the season, Champagne industry lobby CIVC said on … Source: Claims Journal
Read MoreGlobal Supply Chains Buckle as Virus Variant and Disasters Strike
LONDON/BEIJING — A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, … Source: Claims Journal
Read More1 Person Dead, 4 Still Missing in German Chemical Explosion
BERLIN (AP) — An explosion at an industrial park for chemical companies in Germany killed at least one person Tuesday, with 16 injured and four still missing. Fire officials who tested the air said there did not appear to be … Source: Claims Journal
Read MoreWinds Feed California’s Largest Fire as Blazes Scorch West
INDIAN FALLS, Calif. (AP) — It could be days before officials will be able to assess the damage done to a small town by California’s largest wildfire, one of dozens of blazes scorching lands across the U.S. West. Over the … Source: Claims Journal
Read MoreCyber Claim Frequency Growing; Smaller Organizations Targeted
The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2000 compared to the first half of 2001, according to a new report by cyber insurer Coalition. An increasing number of attacks were … Source: Claims Journal
Read MoreSummer of Protest Prompted Spring Flurry of Policing Bills
SEATTLE — When Washington state’s legislative session began earlier this year, racial justice advocates weren’t sure whether the police accountability measures they supported would get much traction. “There was not a single bill at any point that we thought was … Source: Claims Journal
Read MoreLondon Cleans Up After Flash Flooding Drenches Homes, Subway
LONDON (AP) — Londoners were cleaning up Monday after torrential rain left homes, roads and several subway stations flooded, the second unseasonal inundation in as many weeks. The Met Office weather agency said 41.6 centimeters (16 inches) of rain fell … Source: Claims Journal
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