Archive for February 2022
Death Toll Rises to 9 in Fishing Disaster Off Newfoundland
BARCELONA, Spain (AP) — Canadian rescuers have located more bodies from a Spanish fishing ship that sank in rough seas off Newfoundland, raising the death toll to nine. A search operation is still looking for the 12 crew members still … Source: Claims Journal
Read MoreTanker Crashes Into Long Island Building, Causing Huge Blaze
ROCKVILLE CENTRE, N.Y. (AP) — A tanker carrying 9,200 gallons of gasoline overturned, crashed into a vacant building and burst into flames on Long Island early Wednesday, shutting down traffic for hours and spilling fuel into the sewer system, authorities … Source: Claims Journal
Read MoreNatWest Faces $2.7M-Plus Damages Claim After Dismissing Banker With Cancer
LONDON —NatWest Group NWG.L is facing a 2 million pound-plus ($2.7 million) compensation claim after a London tribunal ruled it had discriminated against an employee and unfairly dismissed her two days after cancer surgery, her lawyer said on Thursday. Adeline … Source: Claims Journal
Read MoreLithuania Warns Banks of Cyber Attacks, Power Cuts Amid Fears of War in Ukraine
Lithuania’s central bank has told the country’s banks to prepare for power cuts and cyberattacks as Russia’s standoff with Ukraine risks spilling over into a military conflict, according to a document and two sources familiar with the matter. Russia has … Source: Claims Journal
Read MoreJudge Approves $73M Sandy Hook Settlement; 4 Carriers Sharing Loss
The cost of a $73 million settlement that gunmaker Remington Arms agreed to pay to families of victims of the Sandy Hook massacre will fall on four insurers. Ironshore, a Liberty Mutual subsidiary; James River Insurance Co., ACE (now Chubb), … Source: Claims Journal
Read MoreLower Catastrophe Losses Help AIG Profit Beat Estimates
U.S. insurer American International Group Inc AIG.N topped fourth-quarter profit expectations on Wednesday as it benefited from strong underwriting and lower catastrophe losses at its general insurance business. Catastrophe losses came in at just $189 million in the quarter to … Source: Claims Journal
Read MoreOwner’s Statement About Value of Contents Sinks Claim For Destroyed Home
After his house burned down in 2015, Rick Merechka turned in a sworn proof of loss statement telling his insurance company that the replacement value of his household goods was $607,640. But in December 2010, Merechka and his wife at … Source: Claims Journal
Read MoreThe Mileage on Your Car Matters, But Not Always the Way You Think
On Jan. 5, a 2005 Porsche Carrera GT with just 780 miles on its odometer sold on the online auction site Bring a Trailer for $1.9 million. The astounding sum set a world record for the sale of this kind … Source: Claims Journal
Read MoreAlphabet’s Waymo, CH Robinson to Test Automated Trucks in Texas
SAN FRANCISCO —Alphabet Inc’s GOOGL.O self-driving technology unit Waymo and truck fleet operator C.H. Robinson Worldwide Inc CHRW.O said on Wednesday they would team up to test automated trucks with safety drivers behind the wheels in Texas in the coming … Source: Claims Journal
Read MoreAudit Finds Some Vermont Dams in Poor Condition For Years
Vermont has at least 1,200 dams on waterways scattered across the state, but a lack of regulatory oversight and enforcement authority means their owners are able to leave some of them in poor condition for years, the state auditor’s office … Source: Claims Journal
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