Monthly Archives: <span>August 2020</span>

Court Rules Coverage May Be Owed for Settlement in Firefighters’ Deaths

An insurer may be liable for $14 million of a mortgage company’s settlement with the estates of two Chicago firefighters who were killed while battling a blaze at an abandoned laundry, a federal appellate court ruled Monday. A district court …

Delta Doubles Cabin Cleaners in ‘Pit Stop’ Revamp, Buys Kits to Test for Germs

Delta Air Lines has doubled its staffing to handle revamped pre-flight “pit stops” for deeper cleaning and wants to ensure that tray tables and restroom door handles are germ-free with a new testing process, an executive told Reuters. Airlines’ efforts …

Rare Double Storm Blow Menaces U.S. Gulf With Stronger Laura

The threat of a rare double storm blow looms for the U.S. Gulf Coast despite a weaker Tropical Storm Marco, with more than half of offshore oil production already shut and forecasts showing the potential for Laura to become a …

Baupost Collects $3 Billion Wagering on PG&E’s Wildfire Claims

Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires, according to people with knowledge of the …

Riot Declared Outside Portland Public Safety Building

PORTLAND, Ore. — Police forced protesters away from a law enforcement building in Oregon’s biggest city early Sunday, as efforts to stop the demonstrators from gathering at the building seemingly fell apart. The protesters apparently had plans Saturday night to …

Hurricane Phoenix is Tampa Bay’s Worst-Case Scenario

TAMPA, Fla. — It is only a simulation. It’s also the worst-case scenario. One day, it could be reality. “Hurricane Phoenix” is the hypothetical disaster that would change life in the Tampa Bay area forever. Imagine a Category 5 storm …

Driver Accused of Texting Gets Prison in Pedestrian’s Death

FREEHOLD, N.J. — A New Jersey woman has been sentenced to five years in prison in the death of a pedestrian that prosecutors said occurred as the driver was texting — an accusation the defendant denied on the stand. Alexandra …

California ‘Dream House,’ Decades in the Making, is in Ashes

VACAVILLE, Calif. — When he closes his eyes at night, Hank Hanson hears sirens in his dreams — a byproduct of living nearly 30 years in the wildfire-prone wilderness of Northern California between San Francisco and Sacramento. But at about …

Insurers Chasing Fewer Tips From Tech, Hoping for Better Return on Investment

Even though insurers have invested heavily in fraud-fighting technology, the percentage of referrals from automated systems accepted by special investigation units has declined to 15 percent from 22 percent in the past two years, the Coalition Against Insurance Fraud reported …

Genevieve Loses Punch as 2 New Storms Aim for the Gulf of Mexico

CABO SAN LUCAS, Mexico — Hurricane Genevieve lost some of its punch Thursday even as it lashed Mexico’s Los Cabos tourist resorts with hurricane-force gusts and heavy rains. And two storms formed in the Atlantic Basin — both on potential …