damages News

Over 60 Exhibits Damaged at Berlin Museums, Motive a Mystery

BERLIN — More than 60 artworks and artifacts at some of Berlin’s best-known museums were smeared with an oily liquid by an unknown perpetrator or perpetrators earlier this month, authorities said Wednesday. They were hopeful that the apparently random damage …

Delta Losses Bring Hurricane Damages to $26B for Year

Hurricane Delta caused from $700 million $1.2 billion in insured losses from wind damage and storm surge, and an additional $800 million to $1.5 billion in losses to offshore structures, CoreLogic said Tuesday. The damage is far less than estimated …

Supreme Court Takes Up Energy Companies’ Appeal Over Baltimore Climate Suit

WASHINGTON — The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp, Exxon Mobil Corp and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for …

General Contractor Overhead And Profit And AOB Insurance Scams

A storm is rising, and it is not the type which causes damage to homes and vehicles. It causes damage of a much more insidious nature. Following a storm or other natural disaster, canvassers hired by the “hail cartel”—lawyers or …

Japan Court Orders Gov’t, TEPCO to Pay in Fukushima Disaster

TOKYO (AP) _ A Japanese court on Wednesday found the government and the operator of the wrecked Fukushima nuclear plant negligent for failing to take measures to prevent the 2011 nuclear disaster, ordering them to pay some 1 billion yen …

U.S. Pension Funds Sue Allianz After $4B in Coronavirus Losses

FRANKFURT — Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz, one of the world’s top asset managers, for failing to safeguard their investments during the coronavirus market meltdown. Market panic …

Warren Buffett’s Duracell Sues Energizer Over Battery Life Claims

NEW YORK — Duracell, the battery unit of Warren Buffett’s Berkshire Hathaway Inc, sued the maker of Energizer batteries on Tuesday, accusing it falsely advertising that its Energizer MAX batteries last up to 50% longer than other alkaline batteries. The …

Feds Want Deal With North Dakota Over Pipeline Protest Costs

BISMARCK, N.D. — The Army Corps of Engineers is recommending that the federal government negotiate a settlement with North Dakota for more than $38 million that the state spent policing protests against the Dakota Access oil pipeline. In a letter …

McDonald’s Faces Discrimination Suit by Black Franchisees

McDonald’s Corp. is the subject of a lawsuit by more than 50 Black former franchisees in the U.S. who say they were driven out of business after being pushed by the company to set up shop in crime-ridden areas and …

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 …