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5th Circuit: Indemnity Clause in Oil Field Contract Voided by Wyoming Law
A Wyoming oil exploration company may not avail itself to Texas law to evade liability for injuries to one of its contractor’s employees, a panel of the US 5th Circuit Court of Appeals decided. Cannon Oil and Gas Well Services’ … Source: Claims Journal
Read MoreMapfre to Make $983.8M Pay-Out Over Colombia Dam
BOGOTA — Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency pay-out to Colombia’s Empresas Publicas de Medellin (EPM) over issues with the construction of the massive Hidroituango dam. The funds will guarantee that the … Source: Claims Journal
Read MoreSpanish Island Volcano Eruption Hits Local Record of 85 Days
MADRID (AP)–A volcanic eruption in Spain’s Canary Islands shows no sign of ending after 85 days, becoming the island of La Palma’s longest eruption on record Sunday. The eruption has surged and ebbed since it first began spewing lava on … Source: Claims Journal
Read More‘The Internet’s on Fire’ as Techs Race to Fix Software Flaw
BOSTON (AP)–A critical vulnerability in a widely used software tool –one quickly exploited in the online game Minecraft–is rapidly emerging as a major threat to organizations around the world. “The internet’s on fire right now,” said Adam Meyers, senior vice … Source: Claims Journal
Read MoreWoman Charged With Stealing $300K From California Retailers
COSTA MESA, Calif. (AP)–A woman has been charged with grand theft for allegedly stealing more than $300,000 in merchandise from retail stores in California. Ekaterina Zharkova, 38, was arrested last month after an investigator with the California Highway Patrol’s Organized … Source: Claims Journal
Read MoreFather, Son Charged With Starting Wildfire Plead Not Guilty
PLACERVILLE, Calif. (AP)–A father and son charged with starting a massive California wildfire that destroyed many homes and forced tens of thousands of people to flee Lake Tahoe communities earlier this year pleaded not guilty in court Friday. The El … Source: Claims Journal
Read MoreCrews Search For the Missing After Devastating Tornadoes
MAYFIELD, Ky. (AP)–Rescuers in an increasingly bleak search picked through the tornado-splintered ruins of homes and businesses Sunday, including a candle factory that was bustling with night-shift employees when it was flattened, as Kentucky’s governor warned the state’s death toll … Source: Claims Journal
Read MoreWells Media Group Transitions Ownership to Its Employees
Wells Media Group, Inc announced that it has become a 100% employee-owned firm via the launch of an Employee Stock Ownership Plan (ESOP). Wells Media, the publisher of Insurance Journal, Carrier Management and Claims Journal and other news and insights … Source: Claims Journal
Read More7th Circuit Affirms Dismissal of 4 COVID-19 Business-Interruption Lawsuits
In four separate decisions, a panel of the 7th Circuit Court of Appeals joined four other federal appellate courts in ruling that SARS-CoV-2 does not cause a direct physical loss or damage that triggers coverage under a commercial insurance policy. … Source: Claims Journal
Read MoreVW to Pay $3.5 Million to Resolve Illinois Diesel Lawsuit
WASHINGTON –Volkswagen AG’s U.S. unit will pay $3.5 million to resolve a lawsuit by the state of Illinois against the German automaker for updates of emissions software arising from the 2015 diesel cheating scandal. Last month, the U.S. Supreme Court … Source: Claims Journal
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