Archive for June 2022

CHITTAGONG, Bangladesh (AP) — Authorities in Bangladesh struggled Monday to determine the cause of a devastating fire that killed at least 41 people, including nine firefighters, and injured more than 100 others at a shipping container storage depot, as experts … Source: Claims Journal

Tropical Storm Alex, the first named storm of the Atlantic hurricane season, headed for a close pass by Bermuda on Monday after deluging parts of Florida and causing three deaths in Cuba. Alex strengthened some over the Atlantic after becoming … Source: Claims Journal

MORROW, Ga. (AP) _ Arson has destroyed three adjacent historic homes owned by a city near Atlanta, officials said. Mayor John Lampl wept as he looked over the wreckage in Morrow on Saturday evening, WXIA-TV reported. “What leads the investigators … Source: Claims Journal

The US Supreme Court decided Monday that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such claims in the federal court system. The … Source: Claims Journal

Sheep herders in the U.S. West have banded together to sue their employers, accusing them of operating an illegal cartel that artificially suppresses their wages, according to court documents filed Wednesday in Nevada. The case could have implications for how … Source: Claims Journal

DHAKA, Bangladesh (AP) — A massive fire at a container depot near a port city in southeastern Bangladesh killed at least 49 people, including nine firefighters, and injured more than 100 others, officials and local media reported Sunday, as efforts … Source: Claims Journal

Power demand in Texas is set to break the all-time record this week, far ahead of the hottest days of summer, testing the resilience of the power grid after generation issues earlier this year and days-long blackout during a deep … Source: Claims Journal

Heavy rains are threatening to topple a century-old record in Miami even if the storm that brought them doesn’t have a name. The system, dubbed “a potential tropical cyclone” by the National Hurricane Center, swept in from the Gulf of … Source: Claims Journal

TEMPE, Ariz. (AP) — A recent pipe rupture that spilled around 8 million gallons of water and closed a major Phoenix-area highway put Tempe’s water infrastructure back in the news. Checking water main lines is now a priority for Tempe … Source: Claims Journal

The United States remains the largest peak peril risk area in the global re/insurance market and accounts for the bulk of the reinsurance that’s traded. Over the past few years, though, we’ve seen more risk transfer transactions that account for … Source: Claims Journal