Archive for March 2022

An insured’s plea of nolo contendere to criminal charges does not trigger a criminal acts exclusion in a homeowners insurance policy governed by state law, the Connecticut Supreme Court ruled. A federal court asked the state’s high court to answer … Source: Claims Journal

The Vermont Supreme Court has denied a bid by a manufacturer of asbestos products to bypass Vermont law in determining the allocation of losses for insurance purposes. In so doing, the Vermont court sided with Ambassador Insurance Co., which has … Source: Claims Journal

WINTERSET, Iowa (AP) — Four of the seven people killed in devastating storms that tore through central Iowa were members of the same family who had sought shelter inside a home that was razed by a powerful tornado, authorities said. … Source: Claims Journal

HOUSTON —At least three tankers controlled by Russian maritime powerhouse Sovcomflot FLOT.MM that have been unable to deliver their cargoes due to Western sanctions have re-routed to the Bahamas, vessel tracking data showed on Monday. Russian state-owned Sovcomflot was blacklisted … Source: Claims Journal

Another federal appellate court ruled Monday that a business interruption caused by COVID-19 does not amount to a physical damage or loss covered by a commercial property insurance policy. A panel of the 4th Circuit Court of Appeals affirmed the … Source: Claims Journal

Black retired football players who were denied payments for dementia in the NFL’s $1 billion concussion settlement can seek to be retested or have their claims rescored to eliminate racial bias in the testing and payout formula, under a revised … Source: Claims Journal

WASHINGTON –– The U.S. Supreme Court on Monday declined to hear Alphabet Inc’s GOOGL.O attempt to nix a lawsuit by shareholders accusing the Google parent company of fraudulently concealing a security glitch that left private user data exposed. The justices … Source: Claims Journal

LONDON/DHAKA —Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port of Olvia, killing his crew mate. “I was just 15 feet away when it hit our ship. Our third … Source: Claims Journal

OMAHA, Neb. (AP) — If you build a shiny new office building, will your employees show up to work in it? Many U.S. companies are banking on it because they believe working in person is better for collaboration and training … Source: Claims Journal

DES MOINES, Iowa (AP) — Seven people were killed, including two children, when a tornado swept through central Iowa, damaging buildings and knocking down trees and power lines, authorities said. Emergency management officials in Madison County said four were injured … Source: Claims Journal