insurance payout News

From Africa to America, Businesses and Insurers Face Survival Showdowns

PILANESBERG NATIONAL PARK, South Africa — W ynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 claim. In …

Nashville Mall Damaged in 2010 Flood Seeks More Insurance Money

The owners of Opry Mills are asking the Tennessee Supreme Court to reverse a ruling that reduced their 2010 flood insurance coverage from $200 to $50 million. Severe flooding closed the Nashville, Tenn., shopping mall for an extended period. After …

Oklahoma City Company to Receive $113M After Blast

An Oklahoma City-based company says it will receive a $113 million insurance payment after a May 2012 explosion damaged one of its chemical plants in south Arkansas. No one was injured in the blast at the El Dorado Chemical Company …

Omaha Power District Commits Insurance Payouts to Adjust Rates

The Omaha Public Power District board has committed to using any insurance payouts related to the shutdown at the Fort Calhoun, Neb., nuclear power plant to adjust customer rates. The board made the decision on Thursday. Spokesman Mike Jones says …