Archive for March 2022

WASHINGTON —U.S. and British officials on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil refinery. The announcement was paired with the unsealing of criminal … Source: Claims Journal

Lloyd’s of London faces major claims this year from the conflict in Ukraine, but this will not create solvency difficulties, the commercial insurance market said on Thursday. Lloyd’s is talking to its market partners to understand their exposure related to … Source: Claims Journal

The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses between $2 billion and $4 billion, modeling firm Verisk said on Thursday. About $400 million to $820 million of the losses will stem … Source: Claims Journal

WASHINGTON (AP) — Baby formula maker Abbott failed to maintain sanitary conditions and procedures at the Michigan manufacturing plant recently linked to a cluster of infant illnesses, according to findings released Tuesday by federal safety inspectors. The Food and Drug … Source: Claims Journal

GENEVA (AP) — The chief of the United Nations announced a project Wednesday to put every person on Earth in range of early weather-warning systems within five years as natural disasters have grown more powerful and frequent due to climate … Source: Claims Journal

WUZHOU, China (AP) — A Chinese aviation official said Wednesday that one of the two “black box” recorders had been found with its casing severely damaged, two days after a China Eastern flight crashed in the country’s south with 132 … Source: Claims Journal

ARABI, La. (AP) — A tornado that menaced New Orleans flipped a schoolbus, ripped off rooftops and deposited a house with a family inside onto the middle of Prosperity Street. Two people were killed as the storm front blew across … Source: Claims Journal

Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global professional services firm. The following is a look … Source: Claims Journal

Contamination that ruined more than $1 million worth of glass containers manufactured by a policyholder’s customer counts as damage that is covered by an umbrella insurance policy, the Ohio Supreme Court ruled Wednesday. The Supreme Court justices unanimously agreed that … Source: Claims Journal

DALLAS (AP) — A storm system that left widespread damage and some injuries in its wake in Texas drifted into Louisiana, Mississippi and Alabama on Tuesday, possibly triggering “a regional severe weather outbreak,” the Storm Prediction Center said. The affected … Source: Claims Journal