Archive for January 2022

The wildfire that ignited on Dec. 30 in Boulder County, Colorado destroyed 1,000 structures and caused insured losses of about $1 billion, catastrophe modeler Karen Clark & Co. said Wednesday. The blaze, called the Marshall Fire because it it started … Source: Claims Journal

The Boy Scouts of America fell short of winning the support it sought from sex-abuse victims for a nearly $2.7 billion settlement that could bring the organization out of bankruptcy, according to court papers. The proposed settlement of more than … Source: Claims Journal

SAN JOSE, Calif. (AP)–The fraud conviction of former Theranos CEO Elizabeth Holmes could offer Silicon Valley’s culture of hubris and hype some valuable lessons. Will anyone in the tech industry actually take this moment to heart? Don’t count on it. … Source: Claims Journal

ANCHORAGE, Alaska (AP) –Destructive winds battered an area just north of Anchorage for the third straight day on Monday–flipping small airplanes and semitrailers, forcing schools to close, leaving thousands without power and severely damaging a fast-food restaurant. Two shelters opened … Source: Claims Journal

BOULDER, Colo. (AP)–Federal and state investigators have interviewed dozens of people in their search for the cause of a destructive Colorado wildfire, but the results of that investigation–and even a progress report–could take days, if not weeks, the Boulder County … Source: Claims Journal

A decision by a California appellate court last month allows both Allstate and State Farm to pursue lawsuits seeking penalties against an Orange County pain-management doctor who is accused of over-billing insurers. California’s Insurance Fraud Prevention Act allows insurers or … Source: Claims Journal

Nevada has agreed to back a proposed nationwide settlement worth up to $26 billion resolving lawsuits against three large drug distributors and the drugmaker Johnson & Johnson over the deadly U.S. opioid epidemic, the state’s attorney general said on Tuesday. … Source: Claims Journal

A pileup of tractor trailers in Virginia shut down Interstate 95, the U.S. East Coast’s major north-south artery, during a snowstorm, stranding hundreds of motorists overnight in freezing temperatures and disrupting private and commercial traffic.The Virginia Department of Transportation said … Source: Claims Journal

BERLIN–Daimler’s Mercedes-Benz has informed owners of its luxury cars of a technical defect that could spark afire, the company said on Tuesday, adding a recall was not possible because parts needed to fix the problem are not available. The issue … Source: Claims Journal

The Florida Supreme Court’s call for an additional appellate court and six – now seven – new judges in the state has met with mixed reviews, with some attorneys welcoming the idea, while others, including a few judges, have said … Source: Claims Journal