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

California Fire That Killed 3 Threatens Thousands of Homes

OROVILLE, Calif. — A Northern California wildfire threatened thousands of homes Thursday after winds whipped it into a monster that incinerated houses in a small mountain community and killed at least three people. Several other people have been critically burned …

West Virginia Hospital Settles Whistleblower Suit For $50M

CHARLESTON, W.Va. — A financially strapped West Virginia hospital has agreed to pay the federal government $50 million to resolve claims that it improperly issued payments and kickbacks to physicians under the direction of management, the U.S. Justice Department announced …

Huge Fire Breaks Out at Beirut Port a Month After Explosion

BEIRUT — A huge fire broke out Thursday at the Port of Beirut, sending up a thick column of black smoke and raising new panic among traumatized residents after last month’s catastrophic blast at the same site killed nearly 200 …

Claims People: Church Mutual, Blank Rome, Freeborn & Peters, Tower MSA Partners

Church Mutual Hires Claims Leader Church Mutual has appointed Becky Hudzik-Presson as chief claims officer. She will lead the entire claims organization for the Merrill, Wisconsin-based carrier, which specializes in religious institutions and nonprofits. She will report to Scott Names, …

Auto Property Claim Volume Still Low, But Storm Damages Pushed Numbers

Motorists who are hunkering down because of social distancing are continuing to file fewer collision claims, but a rash of windstorms, hailstorms and wildfires in August may bring total auto property damage claims numbers almost to normal levels if the …

La Nina Is Here, Threatening Even Bigger Blazes and Storms

The extreme weather that’s hammered California with runaway wildfires and hit Louisiana with its most powerful hurricane in 160 years may be about to get even worse. La Nina — a phenomenon that occurs when the surface of the Pacific …

In Covid Bankruptcy Valuation Brawls, the Best Spreadsheet Wins

Pinning a dollar value on a bankrupt enterprise is hard in the best of times. During a pandemic, it’s an invitation for a fight. The Covid-19 outbreak has skewed everything from revenues and expenses to cash flows and net income, …

Department Store Century 21 Shutting Down, Blames Insurers

Century 21 Stores, an iconic New York off-price department store chain, filed for bankruptcy with plans to shut down, becoming the latest victim of the retail industry carnage that’s accelerated during the pandemic. The retailer will hold going out of …

Tezos Legal Settlement Gets Final OK, Ending 3-Year Court Battle

A three-year-long U.S. court battle over a cryptocurrency fundraiser, one of the largest initial coin offerings ever, has ended with a Swiss foundation paying $25 million to participants who lost money and their lawyers. The litigation followed a Reuters investigation …

Working Virtually? Swap Skyrises For Ocean Views, Says Bermuda

HAMILTON, Bermuda — When the coronavirus pandemic hit and office workers were asked to work remotely, Abbie Shepherd saw it as an opportunity to swap London’s skyrises for something more exotic. Shepherd, who is chief of staff at Cameo, which …