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Flooding Projected to Cost Businesses $13.5B Next Year
A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial buildings. The same report finds that businesses could lose more than 3.1 million days of operation from flooding next year … Source: Claims Journal
Read MoreFederal Judge Dismisses Claims That Linkedin Overcharged Advertisers
A US judge dismissed a lawsuit accusing Microsoft Corp’s LinkedIn of inflating the number of people who watched video ads so the networking platform could overcharge hundreds of thousands of advertisers. In a decision on Monday, U.S. Magistrate Judge Susan … Source: Claims Journal
Read MoreUS Steps Up Probe Into Hyundai-Kia Engine Failures and Fires
DETROIT (AP)–U.S. auto safety regulators have stepped up a series of investigations into engine fires that have plagued Hyundai and Kia vehicles for more than six years. The National Highway Traffic Safety Administration says a new engineering analysis investigation covers … Source: Claims Journal
Read MoreLong Road to Recovery for Kansas Ranchers After Wildfires
PARADISE, Kan. (AP)–Ranchers in western Kansas have begun to recover from the deadly wildfires that torched their land earlier this month, but they acknowledge it will be a long process. Two men died and the Kansas Forest Service estimates that … Source: Claims Journal
Read MoreFamily Sues Oil Company Over Fatal Louisiana Tank Explosion
BATON ROUGE, La. (AP)–Relatives of a 14-year-old girl who died when an oil storage tank exploded in February have sued the company that operated the tank. The suit against Urban Oil & Gas Group and its insurer was filed Wednesday … Source: Claims Journal
Read MoreTwo More Circuit Courts Reject COVID-19 Business-Interruption Claims
The 2nd Circuit Court of Appeals ruled Monday that the coronavirus did not cause a direct physical damage or loss to a New York City art gallery — issuing the latest in a long series of defeats for policyholders seeking … Source: Claims Journal
Read MoreExxon Cuts Baytown Refinery Rates After Extinguishing Fire
Exxon Mobil Corp. says an overnight fire at its Baytown, Texas, refinery that injured four people has been extinguished. The blaze occurred at 1 a.m. local time at the plant, which is the fourth-largest in the U.S., capable of processing … Source: Claims Journal
Read More$475M Settlement Proposed in Longest-Running US Oil Spill
NEW ORLEANS (AP)–A New Orleans-based oil company has agreed to turn over a $432 million cleanup trust fund and pay an additional $43 million to settle a federal lawsuit over cleaning up abandoned wells leaking since 2004, federal prosecutors said … Source: Claims Journal
Read More2 Dead in Submerged Car as California Storm Worries Spread
LOS ANGELES (AP)–Heavy overnight rains in Northern California left two people dead in a submerged car as authorities on Thursday urged residents of several Southern California mountain and canyon communities to voluntarily leave their homes because of possible mud and … Source: Claims Journal
Read MoreDeath Toll in Massive Bangladesh Ferry Fire Rises to 40
DHAKA, Bangladesh (AP)–Bangladeshi authorities buried 23 unclaimed bodies on Saturday after a day-long search failed to recover more victims or survivors of a massive fire on a crowded river ferry that left 40 people dead. Habibur Rahman, a top government … Source: Claims Journal
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