Archive for May 2019

DUBAI/LONDON — Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and described it as an attempt to undermine the security of crude supplies amid tensions … Source: Claims Journal

Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a comprehensive, common global scale to assess cyber-related incidents. “I dream of a … Source: Claims Journal

Teva Pharmaceutical Industries Ltd. helped mastermind a sweeping conspiracy among generic-drug makers to raise the price of medicines, according to a new antitrust lawsuit filed by states that stems from a five-year investigation of the companies. Teva’s stock fell. More … Source: Claims Journal

The amount of money Boeing Co. and its insurers will pay to the families of those who perished aboard two doomed jets will be dictated in part by one particularly grim calculation: How long did the victims know they were … Source: Claims Journal

The U.S. Coast Guard partially opened the Houston Ship Channel near Bayport, Texas, on Saturday after a collision spilled an estimated 9,000 barrels of a gasoline ingredient into the water. The waterway was opened to one-way tow traffic between Light … Source: Claims Journal

Breezy Point is beautiful in the summertime, a quaint neighborhood sitting on a slim peninsula that juts out into the Atlantic just south of New York City. In a storm, though, that dreamy setting can become a nightmare. Breezy Point … Source: Claims Journal

A plan by California’s biggest utility to cut power on high-wind days during the onrushing wildfire season could plunge millions of residents into darkness. And most people aren’t ready. The plan by PG&E Corp. comes after the bankrupt utility said … Source: Claims Journal

About the photo: The Juban Crossing shopping center occupies 1.2 million square feet in Denham Springs, off of Interstate 12 east of Baton Rouge. In a split decision, the Louisiana Supreme Court overturned a trial court and ruled that the … Source: Claims Journal

We see the frequent headlines: A plaintiff is awarded millions of dollars in damages for a physical or emotional injury purportedly sustained at the hands of a small business or large corporation. While many applaud an injured plaintiff for holding … Source: Claims Journal

HARRISBURG, Pa. — Three Mile Island, site of the United States’ worst nuclear power accident, will begin a planned shutdown starting June 1 now that it is clear that it will not get a financial rescue from Pennsylvania, its owner … Source: Claims Journal