Archive for February 2022

An insurance policy that lists named windstorms among the covered perils doesn’t cover flood damages caused by Hurricane Harvey even though flooding wasn’t specifically excluded, a panel of the 5th Circuit Court of Appeals ruled Thursday. The panel reversed a … Source: Claims Journal

A bitter cold blast is gripping Texas in the wake of a winter storm, but the state’s power grid is managing to keep up with demand as residents cranked up heaters. Early morning temperatures in Dallas were at 20 degrees … Source: Claims Journal

DETROIT (AP) — Tesla is recalling more than 817,000 vehicles in the U.S. because the seat belt reminder chimes may not sound when the vehicles are started and the driver hasn’t buckled up. The recall covers the 2021 and 2022 … Source: Claims Journal

WAUKEGAN, Ill. (AP) — A fire at a suburban Chicago boat storage warehouse caused millions of dollars in damage to the building and yachts stored inside, fire officials said Thursday. The Waukegan Fire Department said the fire began about 8 … Source: Claims Journal

An energy company already charged with violating Pennsylvania environmental laws during construction of a multibillion-dollar pipeline system is facing more legal trouble after prosecutors on Wednesday filed a new criminal case alleging its negligence led to the explosion of a … Source: Claims Journal

LOUISVILLE, Ky. (AP) — Bill Thomas sold off thousands of bottles from his whiskey inventory in 2020 to keep his acclaimed Washington, D.C., whiskey bar afloat when the coronavirus shuttered much of the economy. By the next year, the whiskey … Source: Claims Journal

Sneaker giant Nike sued online reseller StockX in New York federal court on Thursday for selling unauthorized images of Nike shoes, marking the latest lawsuit over digital assets known as non-fungible tokens. Nike said StockX’s NFTs infringe its trademarks and … Source: Claims Journal

Policyholder attorneys have had little success persuading most courts that commercial property insurers owe coverage for business interruptions caused by COVID-19 shutdowns. How about premium rebates instead? A panel of the 8th Circuit Court of Appeals on Thursday shut down … Source: Claims Journal

For many years, conventional wisdom among Oregon lawyers has been that “bad faith” damages are not generally available for an insurer’s breach of its duties to the insured, other than where an insurer has agreed to defend under a liability … Source: Claims Journal

CHICAGO (AP )– A major winter storm with millions of Americans in its path brought a mix of rain, freezing rain and snow to the middle section of the United States on Wednesday as airlines canceled hundreds of flights, governors … Source: Claims Journal