Not long ago it was “common knowledge in certain circles” around the Twin Cities that car crash victims could pocket some extra cash if they went to the right person, a federal prosecutor told jurors Thursday in U.S. District Court in Minneapolis.
Lloyd’s of London underwriter Hiscox Ltd estimated on Monday that it would face net claims totalling about $225M from Harvey and Irma, as insurers and reinsurers count the cost of the hurricanes.
One day after a rockfall killed a British tourist on El Capitan, another rattled Yosemite National Park’s famous rock climbing destination on Thursday, injuring one man.<br /><br />Park officials identified the man as Jim Evans.<br />The tourist killed on Wednesday was identified as Andrew Foster of Wales. His wife was seriously injured, but her name has not been released by park authorities.<br />The injured woman was airlifted to a nearby hospital.
More than 25 percent of used vehicles sold at eight CarMax locations across the U.S. contained safety defects that weren’t repaired, despite being under recall, according to a review by car safety advocates. Some of the cars included unrepaired Takata airbags, which have been linked to numerous deaths.
Florida was spared the worst of Hurricane Irma. And as homeowners continue to file insurance claims, it’s becoming clear just how glancing the blow was for most of the state.
Washington state on Thursday sued OxyContin maker Purdue Pharma LP, becoming the latest state or local government to file a lawsuit seeking to hold pharmaceutical companies accountable for a national opioid addiction epidemic.
Insurers would be well-advised to track the evolving marijuana risk to determine if impairment-related loss history could trigger defence and indemnification obligations under employers’ general liability policies, it was suggested Tuesday during a session at the RIMS Canada Conference in downtown Toronto.
“Harvey raises many coverage issues ranging from occurrence limits to application of sub-limits and deductibles, to business interruption claims where there is no physical damage to insured property."
Hurricane Irma-related property-insurance claims continue to mount in Florida, nearing $3.6 billion in estimated insured losses as of a weekend count, according to the Florida Office of Insurance Regulation website.
The landlord of the Ghost Ship warehouse where 36 people died in a fire Dec. 2 has avoided prosecution, but she’s set to collect at least $3.1 million in insurance payments, according to an insurance document obtained exclusively by this news agency.
An off-duty LAPD officer was arrested following a suspected DUI crash that killed a teenage boy and his parents on the 605 Freeway late Tuesday night, authorities said Wednesday.
Three people are dead after scaffolding at a television tower collapsed Wednesday in Miami Gardens. The tower, which transmits the signal for Local 10 and WSVN, is located at 501 NW 207th St.
A lawyer based in New Orleans believes that the company in charge of a truck that spilled nails on I-10 yesterday can be held liable for tire damage claims.
The insurance industry felt the first wave of insurtech with the emergence of the internet in the 1990s when bricks-and-mortar commerce slowly made its way on to the web.
