Claims / Legal
Hurricane Laura Rivals Katrina’s Threat to US Oil Industry
Oil production shutdowns in the U.S. Gulf of Mexico are approaching the level of 2005's Hurricane Katrina, and coastal refiners on Tuesday scrambled to cut processing ahead of a major hurricane ...
Hedge Fund Makes $3B From Bet on Wildfire Insurance 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, ...
Residents, Oil Production at Risk From Twin Storms Taking Aim at U.S. Coast
Coastal residents in low-lying areas of Louisiana and Cuba were evacuating on Sunday, while roads turned to rivers in Haiti's capital city, as twin hurricanes threatened the Caribbean and U.S. Gulf ...
U.S. Judge Narrows SEC Suit Against VW Over Diesel Emissions
A U.S. judge on Thursday dismissed portions of a U.S. SecuritieAgs and Exchange Commission lawsuit accusing Volkswagen AG of defrauding American investors in connection with the automaker's diesel ...
COVID-19 Era Draws Attention to U.S. Fund That Compensates Emergency Vaccine Injuries
A U.S. government program that compensates people who say they have been harmed by an emergency vaccine has paid out on fewer than 10% of claims, raising questions whether the process should be used ...
Allstate’s July Catastrophe Losses Negated by Payments From California Utility
The Allstate Corp. reported more than $145 million in pretax catastrophe losses in July, thanks mostly to a hurricane and a few other storms. But that was more than offset by subrogation recoveries ...
Multiple Disasters Converge Simultaneously in California
Californians are in their sixth month of sheltering in place because of a pandemic that's killed more than 11,000 residents. Now a new crisis — hundreds of wildfires — is forcing people to ...
U.S. States Claim OxyContin Maker Purdue Pharma Owes Them $2.2 Trillion
U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP's alleged role in America's opioid epidemic, accusing the drugmaker in new filings of pushing ...