Industry News
Sen. Adam Schiff recently reintroduced his Incorporating National Support for Unprecedented Risks and Emergencies (INSURE) Act to create a federal catastrophic reinsurance program. The insurance industry promptly reintroduced their opposition. “The INSURE Act may sound helpful on paper but would …
Via: Claims Journal
The Zambian government sought to calm public concerns about pollution levels after a study found that the damage done by a disaster at a Chinese state-owned copper mine in February was much larger than officially reported. “The water is fit …
Via: Claims Journal
A victim of identity theft is entitled to recover both treble damages and punitive damages under Connecticut laws, according to the state’s highest court. The Connecticut Supreme Court found that the dual awards do not violate the common-law rule against …
Via: Claims Journal
A divided federal appeals court on Friday cleared U.S. President Donald Trump to resume mass firings at the Consumer Financial Protection Bureau, ruling that a lower court had lacked jurisdiction in temporarily blocking this. However, the U.S. Court of Appeals …
Via: Claims Journal
U.S. retail sales increased solidly in July, supported by strong demand for motor vehicles as well as promotions by Amazon.com and Walmart, though a softening labor market and higher goods prices could curb consumer spending growth in the third quarter. …
Via: Claims Journal
South Korea’s Supreme Court rejected a 30 million won ($21,600) damage claim by an American composer who accused a South Korean kids content company of plagiarizing his version of “Baby Shark,” ending a six-year legal battle over the globally popular …
Via: Claims Journal
Chicago rolled out a new flood detection warning system. The water tech startup Hyfi, in partnership with Verizon Communications Inc., began installing 50 sensors in flood-prone areas across the city.
Via: Claims Journal
The frequency and intensity of natural disasters have increased dramatically over the past decade driven by the effects of climate change—from unprecedented flooding to devastating wildfires—and these environmental challenges have disrupted lives and have impacted buildings and infrastructure. Storm damage …
Via: Claims Journal
The Boar’s Head deli meat plant at the heart of last year’s deadly food poisoning outbreak is set to reopen in the coming months, company officials said. But recent inspections at Boar’s Head sites in three states documented sanitation problems …
Via: Claims Journal
A fire at Japanese industrial gas maker Kanto Denka Kogyo Co.’s factory is spurring concerns about possible disruptions to the semiconductor supply chain. Last week, a fire broke out at Samsung Electronics Co. and Kioxia Holdings Corp. supplier Kanto Denka’s …
Via: Claims Journal