Archive for May 2020

During a press conference on Tuesday, U.S. Rep. Carolyn Maloney, D-New York, officially announced the introduction of the much-anticipated Pandemic Risk Insurance Act of 2020, a federal backstop for pandemic-related business interruption insurance modeled after the Terrorism Risk Insurance Act. … Source: Claims Journal

Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations. The deals, which have yet to be signed and … Source: Claims Journal

U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims. The legislation, introduced by Rep. Carolyn Maloney, a Democrat from … Source: Claims Journal

An air-ambulance helicopter crash in Ohio last year that killed three crew members revealed sweeping safety lapses and rule violations, federal accident investigators concluded Tuesday. The Survival Flight Inc. copter slammed into a wooded hillside in southeastern Ohio during snow … Source: Claims Journal

May 26 — As U.S. businesses reopen, worried workers and their advocates are borrowing a legal strategy commonly used to shut down rowdy topless bars to try and force employers to strengthen protection against further spread of the coronavirus. Workers … Source: Claims Journal

LONDON — Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as … Source: Claims Journal

FORT LAUDERDALE, Fla. — With forecasters predicting another intense Atlantic hurricane season with as many as 13 to 19 named storms, disaster preparedness experts say it’s critically important for people in evacuation zones to plan to stay with friends or … Source: Claims Journal

SAN FRANCISCO — A huge fire that tore through a warehouse on San Francisco’s Fisherman’s Wharf has destroyed fishing gear used to deliver about two-thirds of the city’s fresh seafood, threatening to disrupt the upcoming Dungeness crab season, local fishermen … Source: Claims Journal

PROVIDENCE, R.I. — Elected officials, businesses and others are depending on coronavirus testing and infection-rate data as states reopen so that they will know if a second wave of contagion is coming _ and whether another round of stay-at-home orders … Source: Claims Journal

How is the coronavirus pandemic affecting you, your life, your work and your industry? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience compares with that of … Source: Claims Journal