Archive for November 2019

Tyson Foods is known for its chickens, but the company says all of its poultry is raised by independent farmers. A decision by a Maryland appellate court last week calls that independence into question. The Court of Special Appeals ruled … Source: Claims Journal

After a fire or water loss, common misconceptions homeowners and carriers often have is that damaged contents cannot be restored so they should be automatically replaced, or even cashed out. These, as well as other myths related to contents restoration, … Source: Claims Journal

Cyberattacks in Ohio have disrupted airport flight displays, led to the shutdown of a help line during a winter storm and cut off access to police investigation reports temporarily. The Buckeye State is fighting back. Its first volunteer cyber reservists … Source: Claims Journal

A cargo ship that capsized off the Georgia coast could remain in the sea for the next year. That’s the long-range outlook of Coast Guard Cmdr. Matt Baer, a member of the Unified Command tasked with removing the ship that … Source: Claims Journal

Lauris Bye, a homebuilding industry veteran who moved to Southern California’s wildfire-prone hills decades ago, felt confident about the newly built house he was buying about 30 miles north of downtown Los Angeles. It had safety features tucked into the … Source: Claims Journal

The Boy Scouts of America has mortgaged one of the most spectacular properties it owns, the vast Philmont Scout Ranch in New Mexico, to help secure a line of credit as the financially strapped organization faces a growing wave of … Source: Claims Journal

MOSBY, Mo. — Tammy Kilgore raised the giant claw of a John Deere excavator high in the air, then slammed it down on the roof the house where she had spent nearly her entire adult life. The shingles crunched, but … Source: Claims Journal

McDonald’s Corp agreed to pay $26 million to settle a nearly seven-year-old lawsuit accusing the fast food chain of underpaying U.S. staff at its corporate-owned restaurants in California. The preliminary settlement resolves claims that the company used a timekeeping system … Source: Claims Journal

Uber Technologies Inc. beat back a lawsuit by a woman who claims she was lured into a sexual assault because she mistook an Uber windshield decal on a suspended driver’s car as a symbol of a safe ride. The judge … Source: Claims Journal

The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. The dual-tranche transaction consists of a $150 million issuance against losses from, , … Source: Claims Journal