Archive for March 2021

LUDLOW, Calif. (AP) — A freight train derailed in the Southern California desert on Wednesday, sending more than 40 rail cars crashing into the sand, authorities said. Nobody was hurt and there was no fire when the BNSF Railway train … Source: Claims Journal

A Blue Cross Blue Shield affiliate sued “Pharma Bro” Martin Shkreli, the pharmaceutical industry’s imprisoned enfant terrible, in a Manhattan federal court Thursday, alleging a scheme to monopolize the market for Daraprim, the “gold-standard treatment” for the parasitic infection toxoplasmosis. … Source: Claims Journal

Endo International Plc is trying to get more breathing room on its debt as it contests with ongoing opioid and patent litigation and an expected drop in earnings. The drug company said it will issue new debt to refinance its … Source: Claims Journal

Hippo Enterprises will go public through a $5 billion merger with a blank-check firm backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a sign of rising interest in the fast-growing “insurtech” sector. The deal, announced on Thursday, … Source: Claims Journal

JACKSON, Miss. (AP) — Frustrations are mounting in Mississippi’s largest city, more than two weeks since winter storms and freezing weather ravaged the city’s water system — knocking out water for drinking and making it impossible for many to even … Source: Claims Journal

FRANKFORT, Ky. (AP) — Kentucky’s governor toured parts of his state hard by heavy rains Tuesday and pledged to seek federal assistance after massive flooding inundated several areas. Gov. Andy Beshear said “parts of cities are underwater in eastern Kentucky” … Source: Claims Journal

ATHENS, Greece (AP) — An earthquake with a preliminary magnitude of at least 6.0 struck central Greece Wednesday and was also felt in neighboring Albania and North Macedonia, and as far as Kosovo and Montenegro. One man was injured by … Source: Claims Journal

HOLTVILLE, Calif. (AP) — Barely a mile from where an SUV packed with 25 people struck a tractor-trailer — killing 13 inside — a cemetery with unmarked bricks is a burial ground for migrants who died crossing the border from … Source: Claims Journal

The upcoming anniversary of COVID-19 shutdown orders may reveal whether a significant number of policyholders have been waiting on the sidelines before suing their insurers for business-interruption losses. Holding off on legal action may make sense, as insurers are winning … Source: Claims Journal

Volocopter GmbH raised 200 million euros ($242 million) in additional capital, the latest move in the increasingly competitive race to be the first electric air-taxi firm to start commercial flights. The so-called Series D funding brings in new investors including … Source: Claims Journal