News
Nearly two-thirds (61%) of clean tech companies experienced a supply chain disruption in the past three years, and in the vast majority of cases (84%) the event had a material impact on the bottom line, according to the 2015 Global … Source: Claims Journal
The California Court of Appeals recently considered the question of when an insurer’s claim for reimbursement of defense costs is ripe. In Centex Homes v. St. Paul Fire and Marine Ins. Co., 237 Cal.App.4th 23, 187 Cal.Rptr.3d 542 (4th Dist., … Source: Claims Journal
Two energy companies asked a judge Wednesday to throw out a lawsuit by an Oklahoma woman who claims she was injured in an earthquake caused by the injection of wastewater deep into the ground – a long-used method to dispose … Source: Claims Journal
An enhanced North East Monsoon – almost certainly impacted by current El Niño conditions – brought weeks of torrential rainfall to southern India and Sri Lanka for much of November and early December, killing at least an estimated 386 people … Source: Claims Journal
Gov. Charlie Baker said Massachusetts is expecting to receive $120 million in federal disaster assistance following last winter’s record snowfall. That’s the most ever awarded to the state as the result of a single natural disaster. Half of the money … Source: Claims Journal
The average large business interruption (BI) property insurance claim is now in excess of $2.4 million, 36 percent higher than the corresponding average property damage claim of just over $1.7 million, according to a new report from Allianz Global Corporate … Source: Claims Journal
Drowsy driving injures and kills thousands of people in the United States each year. A device being developed by Vigo Technologies Inc., in collaboration with Wichita State University professor Jibo He and graduate students Long Wang, Christina Knopp and Utkarsh … Source: Claims Journal
A lawyer for a Missouri mother who says a pawn shop should be held accountable for selling her mentally ill daughter the gun she used to kill her own father challenged a claim that state and federal law protects the … Source: Claims Journal
Hoverboards may be on many people’s Christmas lists but they present a conundrum for airlines, which are mulling the best way to transport the popular devices that could present a fire risk. The three largest U.S. airlines, American Airlines Group … Source: Claims Journal
Major League Baseball recommended teams have protective netting between the dugouts for any field-level seats within 70 feet of home plate. The guidelines were announced Wednesday at the winter meetings following a season in which several fans were injured by … Source: Claims Journal