Archive for December 2021
Russian Businessman, Others Charged in Multi-Million Dollar Hacking Scheme
BOSTON–Five Russians including a Kremlin-linked businessman now in U.S. custody carried out a vast, $82 million insider trading scheme that allowed them to profit from corporate information stolen through hacking, U.S. authorities said on Monday. Vladislav Klyushin, the owner of … Source: Claims Journal
Read MoreTornadoes Push 2021 Insured Losses Over $105B as Climate Change Impact Grows
Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for weather-related claims well above the predicted $105 billion, industry experts said, and premiums should rise on worries that climate change … Source: Claims Journal
Read MoreStormy Weather Prompts Egypt to Close Some Classes, Ports
CAIRO (AP) — Stormy weather has prompted Egyptian authorities to suspend classes Monday in the capital of Cairo and a handful of other provinces as a precautionary measure. Authorities also closed the ports in the Mediterranean city of Alexandria and … Source: Claims Journal
Read MoreOfficial: Worker’s Body Found After Fire at QVC Facility
ROCKY MOUNT, N.C. (AP)–Authorities have recovered the body of a man who was working at a distribution center in North Carolina for the QVC home-shopping television network when a massive fire erupted, destroying most of the facility, a local official … Source: Claims Journal
Read More375 Dead, 56 Missing After Typhoon Slams Philippines
MANILA, Philippines (AP)–The death toll from the strongest typhoon to batter the Philippines this year climbed to 375, with more than 50 others still missing and several central provinces struggling with downed communications and power outages and pleading for food … Source: Claims Journal
Read MoreSackler Ruling Could Delay Purdue’s Payment of Billions by Years
OxyContin-maker Purdue Pharma could be years away from paying billions of dollars to address the U.S. opioid crisis after a judge blew up a deal that gave legal immunity to the Sackler family that owned the company, people close to … Source: Claims Journal
Read MoreDespite Assault Exclusion, Razor Attack Covered by Policy Because of Mental Illness
There was no argument that Colin Doherty, a resident at the Brown County Care Center, slashed Austin Krewina’s face with a razor blade. But a criminal court found Doherty not guilty of assault and battery because he was insane at … Source: Claims Journal
Read MoreSome Experts Say Too Many Work Comp Claims Are Litigated
Employers may be warming up to the idea that fighting some workers’ compensation claims and medical treatments can be counterproductive, and new emphasis should be placed on keeping injured workers happy – and out of the courtroom. “The workers’ comp … Source: Claims Journal
Read MoreFBI: Artifacts Stolen From Museums in 1960s, 1970s Returned
PHILADELPHIA (AP)–Federal authorities say 15 historical artifacts stolen almost a half-century ago from a number of Pennsylvania museums have been returned to the institutions. The FBI art crime team and other law enforcement agencies repatriated the 18th- and 19th-century rifles … Source: Claims Journal
Read MoreTyphoon Deaths in Philippines Top 140; Mayors Plead For Food
MANILA, Philippines (AP)–The death toll in the strongest typhoon to batter the Philippines this year has reached at least 146, and the governor of an island province especially hard-hit by Typhoon Rai said there may be even greater devastation that … Source: Claims Journal
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