Archive for December 2020
Seattle Police Settle Wrongful-Death Lawsuit for $1.5M
SEATTLE (AP) — The City of Seattle will pay the family of Che Taylor $1.5 million to settle a federal civil rights lawsuit filed after two police officers shot and killed Taylor outside a Wedgwood neighborhood home. A federal judge … Source: Claims Journal
Read MoreCompany Offering Pandemic Stock Tips Accused of $137M Fraud
OLLEGE PARK, Md. (AP) –The founders of a company called Raging Bull tout themselves as expert stock traders who teach customers how they, too, can become millionaires. Marketing emails said they found a “hidden bull market” in the COVID-19 pandemic. … Source: Claims Journal
Read MoreContractor in Surety Dispute Accuses Arch Insurance of Fraud
A Southern California construction company accuses Arch Insurance Co. of “fraudulent and deceptive behavior,” and has hired the public relations specialist who represented Michael Cohen when he spoke out against President Donald Trump to take those allegations to the press. … Source: Claims Journal
Read MoreWhen $2 Trillion Falls Short, Next 2020 May Be Uninsurable
There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from Covid-19 has left insurers issuing existential warnings and businesses discovering they weren’t covered. It’s resulted in courts packed with … Source: Claims Journal
Read MoreStorms that Slammed Central America In 2020 Just a Preview, Experts Say
HAVANA/GUATEMALA CITY — Villagers in Guatemala’s Mayan hillside hamlet Sanimtaca had been about to harvest their cardamom crops that take three years to grow when waves of floodwater triggered by two tropical storms last month washed them away. Now they … Source: Claims Journal
Read MoreMunich Re to no Longer Cover Events Canceled for Pandemics
FRANKFURT/MUNICH — German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on Tuesday. The world’s largest resinsurer is making the change after it faced large losses this year in the … Source: Claims Journal
Read MoreLatin American Crime Cartels Turn To Crypto To Clean Up Their Cash
MEXICO CITY — In April 2019, Mexican police arrested suspected human trafficker Ignacio Santoyo in a plush area of the Caribbean resort of Playa del Carmen after linking him to a prostitution racket extending across Latin America. Yet it was … Source: Claims Journal
Read MoreWhy are Some Scientists Turning Away From Brain Scans?
NEW YORK (AP) — Brain scans offer a tantalizing glimpse into the mind’s mysteries, promising an almost X-ray-like vision into how we feel pain, interpret faces and wiggle fingers. Studies of brain images have suggested that Republicans and Democrats have … Source: Claims Journal
Read MoreAlaska Officials Say Landslide Danger Remains After Storm
HAINES, Alaska (AP) — Officials in southeast Alaska have repeated warnings about possible landslide danger in the community of Haines, where two people remain missing after a large slide last week. Torrential rain across much of the region caused havoc … Source: Claims Journal
Read More8th Circuit Finds No Coverage Owed in Separate Investor Schemes
In separate opinions, a federal appellate court affirmed rulings that insurers could dodge liability for wrongful acts by their policyholders because the actions were not covered by the policies. In a decision filed Sunday, a panel of the 8th Circuit … Source: Claims Journal
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