Archive for March 2021
Kentucky Governor Tours Flooded Counties, Promises Help
BEATTYVILLE, Ky. (AP) — Gov. Andy Beshear reiterated his promise to seek federal disaster relief on Friday while touring several flooded counties in Eastern Kentucky, the Lexington Herald-Leader reported. “What I saw was the worst flash-flooding that I’ve seen in … Source: Claims Journal
Read MoreCasting A Wide Intrusion Net: Dozens Burned With Single Hack
BOSTON (AP) — The SolarWinds hacking campaign blamed on Russian spies and the “grave threat” it poses to U.S. national security are widely known. A very different — and no less alarming — coordinated series of intrusions also detected in … Source: Claims Journal
Read MoreSetting Up Mobile Homes After Louisiana Storms is Slow-Going
BATON ROUGE, La. — Six months after Hurricane Laura wrecked southwest Louisiana, the Federal Emergency Management Agency still is trying to set up temporary mobile homes for several thousand families who need a place to live, with an estimate the … Source: Claims Journal
Read More5th Circuit: Insurer Liable for Harvey Damage Despite ‘Creative’ Policy Language and ‘Legal Gotcha’
While Hurricane Harvey dumped 60 inches of rain on the Houston area in August 2017, the authority that operates the Lake Conroe Dam opened the floodgates to release water at a rate almost equal to the flow over Niagara Falls. … Source: Claims Journal
Read MoreCoStar Drops Bid to Purchase CoreLogic, Blaming Rising Rates
CoStar Group Inc. has withdrawn its bid to buy the real estate data firm CoreLogic Inc, according to a statement on Thursday. CoreLogic, the subject of a bidding war in recent weeks, had said earlier that CoStar’s sweetened offer for … Source: Claims Journal
Read MoreUpstream Tailings Dams Pose Much Higher Stability Risks, Study Finds
The most widespread type of dam used to store mine waste is nearly twice as unstable as the average tailings facility, a global study showed on Friday, highlighting the risk of so-called “upstream” construction techniques which some countries have banned. … Source: Claims Journal
Read MoreD&O Insurer Ordered to Pay $12M in Dole Corp. Stockholder Flap
The Delaware Supreme Court ruled Wednesday that RSUI Indemnity Co. must pay $12,321,096 to Dole Corp. toward the cost of a legal settlement with former shareholders who alleged they were cheated out of potential profits when executives manipulated the stock … Source: Claims Journal
Read MoreInsurers Rewrite Business Policies After Pandemic Legal Tussles
NEW YORK — U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt operations, industry sources say. New policies and renewals now … Source: Claims Journal
Read MoreDemocrats Seek Closure of Youth Center Amid Abuse Claims
CONCORD, N.H. (AP) — Three Democratic lawmakers are asking Republican Gov. Chris Sununu to shut down the state’s youth detention center amid growing allegations of sexual and physical abuse. Rep. Mary Jane Wallner and Sens. Cindy Rosenwald and Becky Whitley … Source: Claims Journal
Read MoreSpaceX Starship Lands Upright, Then Explodes in Latest Test
CAPE CANAVERAL, Fla. (AP) — SpaceX’s futuristic Starship looked like it aced a touchdown Wednesday, but then exploded on the landing pad with so much force that it was hurled into the air. The failure occurred just minutes after SpaceX … Source: Claims Journal
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