Industry News
Wildfires are intensifying the problems in California’s property insurance market, according to a new commentary from AM Best. Those problems include a major insurer pullback from California in the past year, followed by the L.A. wildfires, which could result in …
Via: Claims Journal
Almost a year after the deadly collapse of Baltimore’s Francis Scott Key Bridge, Maryland officials on Tuesday unveiled their designs for its replacement, which will be taller and better protected against ship strikes. Construction of the state’s first cable-stayed bridge …
Via: Claims Journal
A U.S. bankruptcy judge on Wednesday blocked a settlement between families who have sued Alex Jones over his false claims about the 2012 Sandy Hook Elementary School mass shooting, saying their attempt to divide the bankrupt conspiracy theorist’s assets exceeded …
Via: Claims Journal
Removing toxic waste from the foothills and coastal canyons where more than 16,000 homes and businesses burned down in the Los Angeles wildfires was always going to be an unprecedented challenge in a densely-populated, traffic-choked metropolis. And then the Trump …
Via: Claims Journal
A venture capital-backed startup illegally jacked up rents for furnished apartments in Los Angeles — more than 50% in one example — after last month’s wildfires that destroyed thousands of homes, the city attorney’s office alleged in a lawsuit. Blueground …
Via: Claims Journal
President Trump was sworn in for a second term the morning of January 20, and he spent the rest of that day setting a record for the most ever Day 1 executive actions. Among those Day 1 executive actions (and …
Via: Claims Journal
A former trader on Deutsche Bank’s distressed credit desk, known for helping the German lender net nearly $1 billion in profit from a single trade, is taking legal action against the bank over his termination last summer. Mark Spehn, 39, …
Via: Claims Journal
An insurance company says it is not obligated to defend or indemnify the owners and managers of a Memphis apartment complex who are facing a $30 million wrongful death lawsuit stemming from the fatal shooting of a 14-year old boy …
Via: Claims Journal
New York City and the Northeast will slip into Thursday morning’s rush hour on a carpet of sleet, freezing rain and possible snow. Winter weather advisories are up from Oklahoma to Massachusetts in advance of the fast-moving system that will …
Via: Claims Journal
USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report $1 billion or more in payouts for the destructive blazes that burned thousands of properties. The company, which is among …
Via: Claims Journal