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Around Lake Tahoe, Special Places Await a Fire’s Fate
SACRAMENTO, Calif. — As the winds returned this week, the Caldor Fire roared over the Sierra crest and bore down on the southern end of Lake Tahoe. Perhaps more than with other wildfires in the Western U.S., this one resonates … Source: Claims Journal
Read MoreInsurers May Take $18B Hit From Hurricane Ida – Industry Experts
Insurers are bracing for a hit of about $18 billion from Hurricane Ida in the United States and the Caribbean, catastrophe modeling company Karen Clark & Co (KCC) said on Wednesday. The number, closer to the lower end of the … Source: Claims Journal
Read MoreLouisiana Assesses Major Damage to Power Grid From Ida
The damage to Louisiana’s power grid from Hurricane Ida is so extensive that the U.S. Coast Guard has joined the task of assessing the wreckage, a departure from its maritime security duties. More than 1 million homes and businesses along … Source: Claims Journal
Read MoreBoy Scouts Insurance Fight Complicates Deal to Pay Victims
A dispute over whether a unit of insurance giant Chubb Ltd. must contribute to a trust fund for sexually abused Boy Scouts is complicating talks to end the youth group’s bankruptcy case. Lawyers for more than 80,000 people who say … Source: Claims Journal
Read MoreTropical Storm Nora Fading, After Leaving 1 Dead, 7 Missing
MEXICO CITY (AP) — Tropical Storm Nora is dropping heavy rains along the Gulf of California after weakening from a hurricane that set off floods and landslides on Mexico’s Pacific coast, caused havoc in Puerto Vallarta and left at least … Source: Claims Journal
Read MoreLake Tahoe Threatened by Massive Fire, More Ordered to Flee
SOUTH LAKE TAHOE, Calif. (AP) — Fire officials ordered more evacuations near Lake Tahoe and told other residents to be ready to leave as a destructive fire roared through forests southwest of the alpine lake that straddles the California-Nevada state … Source: Claims Journal
Read MoreCladding Questions Arise in Milan’s 20-Story Building Blaze
MILAN (AP) — Italian firefighters tackled hot spots Monday in a 20-story apartment building in Milan that was destroyed by fire but said there were no indications that anyone was missing inside, as questions arose about the cladding that witnesses … Source: Claims Journal
Read MoreAs Ida Leaves Gulf, Analysts Foresee Modest Economic Damage
WASHINGTON (AP) — With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But … Source: Claims Journal
Read MoreFloods, Outages Stall Energy Firms’ Restart Efforts After Ida
HOUSTON — Widespread flooding from Hurricane Ida and power outages on Tuesday slowed efforts by energy companies to assess damages at oil production facilities, ports and refineries. Nearly all of Louisiana lost electrical power on Monday after one of the … Source: Claims Journal
Read MoreU.S. Appeals Court Revives Madoff Trustee Lawsuit Against Citigroup
NEW YORK — A federal appeals court on Monday said Citigroup Inc must face a $343.1 million clawback lawsuit by the trustee liquidating Bernard Madoff’s former firm, who accused the bank of turning a blind eye to the late swindler’s … Source: Claims Journal
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