Posts by Y@DminG

An insurance company says it is not obligated to defend or indemnify the owners and managers of a Memphis apartment complex who are facing a $30 million wrongful death lawsuit stemming from the fatal shooting of a 14-year old boy … Source: Claims Journal

A former trader on Deutsche Bank’s distressed credit desk, known for helping the German lender net nearly $1 billion in profit from a single trade, is taking legal action against the bank over his termination last summer. Mark Spehn, 39, … Source: Claims Journal

President Trump was sworn in for a second term the morning of January 20, and he spent the rest of that day setting a record for the most ever Day 1 executive actions. Among those Day 1 executive actions (and … Source: Claims Journal

A venture capital-backed startup illegally jacked up rents for furnished apartments in Los Angeles — more than 50% in one example — after last month’s wildfires that destroyed thousands of homes, the city attorney’s office alleged in a lawsuit. Blueground … Source: Claims Journal

New York City and the Northeast will slip into Thursday morning’s rush hour on a carpet of sleet, freezing rain and possible snow. Winter weather advisories are up from Oklahoma to Massachusetts in advance of the fast-moving system that will … Source: Claims Journal

USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report $1 billion or more in payouts for the destructive blazes that burned thousands of properties. The company, which is among … Source: Claims Journal

A lawsuit alleging for the first time that people died because of the disastrous 2023 East Palestine train derailment was announced on Monday’s second anniversary of the toxic crash near the Ohio-Pennsylvania border amid a flurry of new litigation. On … Source: Claims Journal

Economic losses from the fires that tore through Los Angeles County in January range from $95 billion to $164 billion, according to a new report, potentially making the blazes the second-costliest natural disaster in U.S. history. The Eaton and Palisades … Source: Claims Journal

A Connecticut man has been arrested and charged with insurance fraud for allegedly running a scam involving filing fraudulent insurance claims for iPhones. Connecticut State Police said its investigation linked Esmaylin Delacruz of Milford to at least $50,000 in value … Source: Claims Journal

Federal law enforcement agencies are rolling out one of the most extensive Super Bowl security operations in recent history, following the deadly New Year’s Day terrorist attack in New Orleans. The heightened measures come as an estimated 125,000 visitors prepare … Source: Claims Journal