Industry News
Avolon and BOC Aviation, two of the world’s largest aircraft lessors, have fully settled lawsuits in the Irish courts against insurers over jets stranded in Russia following Western sanctions in 2022, they said on Friday. Lessors are suing dozens of …
Via: Claims Journal
The pilots of the U.S. Army helicopter that collided with an American Airlines Group Inc. regional jet near Washington last week were likely wearing night-vision goggles at the time of the accident. Preliminary information including the type of mission they …
Via: Claims Journal
A fast-moving storm will bring snow across New York City and the Northeast starting late Saturday and persisting through Sunday morning. New York is forecast to get from 3 to 5 inches overnight Saturday as the first of four systems …
Via: Claims Journal
Arthur J. Gallagher & Co. acquired W.K. Webster & Co. Ltd., a marine claims and recovery services provider headquartered in London. By integrating W.K. Webster’s specialized marine claims services, Gallagher aims to strengthen its position in the marine insurance sector …
Via: Claims Journal
A Wisconsin couple is suing Walgreens and a pharmacy benefits management company, alleging that their son died because he couldn’t afford a sudden $500 spike in his asthma medication. Shanon and William Schmidtknecht, of Poynette, filed their lawsuit in federal …
Via: Claims Journal
Edison International’s utility is looking at whether a power line retired in 1971 started the Eaton wildfire as part of a probe into the cause of the blaze that razed more than 9,000 structures. Southern California Edison found evidence of …
Via: Claims Journal
Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other in nearly identical houses. “I chose an old home in an old neighborhood because it has soul,” said Hamlin, a …
Via: Claims Journal
Wildfires are intensifying the problems in California’s property insurance market, according to a new commentary from AM Best. Those problems include a major insurer pullback from California in the past year, followed by the L.A. wildfires, which could result in …
Via: Claims Journal
Almost a year after the deadly collapse of Baltimore’s Francis Scott Key Bridge, Maryland officials on Tuesday unveiled their designs for its replacement, which will be taller and better protected against ship strikes. Construction of the state’s first cable-stayed bridge …
Via: Claims Journal
A U.S. bankruptcy judge on Wednesday blocked a settlement between families who have sued Alex Jones over his false claims about the 2012 Sandy Hook Elementary School mass shooting, saying their attempt to divide the bankrupt conspiracy theorist’s assets exceeded …
Via: Claims Journal