Archive for June 2022

A decade ago, it was questionable sinkhole damages that proliferated in Florida property insurance claims. More recently, “free roof” solicitations, roof claims and thousands of lawsuits have rattled the industry. Now comes cast iron drainpipes, common in homes built before … Source: Claims Journal

The summer solstice, which begins Tuesday, has historically been a cause of celebration for cultures throughout the Northern Hemisphere. But various catastrophe projections released in recent weeks are making the insurance industry’s midsummer night’s dream look like a nightmare. Analysts … Source: Claims Journal

SAN FRANCISCO (AP) — The California Supreme Court has left intact a ruling that allows customers to sue Amazon.com for failing to warn buyers that some products it sells may contain hazardous substances such as mercury. The court in its … Source: Claims Journal

SANTA ROSA, Calif. (AP) — Pacific Gas & Electric Co. is working on an ambitious project to bury thousands of miles of power lines in an effort to prevent igniting fires with its equipment and avoid shutting down electricity during … Source: Claims Journal

Severe weather has forced Abbott Nutrition to pause production at a Michigan baby formula factory that had just restarted after being closed for several months, contributing to a national shortage. Production for Abbott’s EleCare specialty formula has been suspended, but … Source: Claims Journal

BILLINGS, Mont. (AP) — Damaging floodwaters that tore through Yellowstone National Park menaced communities downstream where residents cleaned up from the mess and kept an eye on rising river levels while others braced for the economic fallout while the park … Source: Claims Journal

MAUSTON, Wis. (AP) — Powerful storms that included at least one tornado took down power lines and trees, damaged structures, toppled semis on the interstate and left tens of thousands without electricity in parts of Wisconsin. In western Wisconsin, a … Source: Claims Journal

LOS ANGELES (AP) — Mo’Nique and Netflix reportedly have settled her lawsuit that accused the streaming service of racial and sexual discrimination for allegedly making her a lowball offer for a proposed comedy special. The matter has been “amicably resolved,” … Source: Claims Journal

ASTORIA, Ore. (AP) — A brewery in Astoria in northwestern Oregon partially has collapsed, with much of its roof caved in and parts of the building dangling into the Columbia River. No one was killed or injured in the Tuesday … Source: Claims Journal

The attorney who filed the first U.S. lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first policyholder victory in a state or federal appellate court that interpreted the meaning of “direct physical loss or … Source: Claims Journal