Posts by Y@DminG

New York’s highest court ruled Thursday that the estate of a deceased injured worker with no dependents, who died from causes unrelated to his work injury, is entitled only to the permanent disability benefits he would have received while alive, … Source: Claims Journal

Credit Suisse told investors the debt in its $7.3 billion finance fund was low risk because it was insured but the bank failed to ensure the policies would pay out, two sources told Reuters. When Japan’s Tokio Marine, the company … Source: Claims Journal

LONDON — The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters. Formal investigations began this week … Source: Claims Journal

LONDON — A group of investors managing a collective $3 trillion in assets will call on operators of nursing homes to improve pay and working standards for care workers, noting the “devastating outcomes” of the COVID-19 pandemic on the industry. … Source: Claims Journal

CHICAGO — The largest U.S. meatpacking union celebrated a victory in federal court on Wednesday that it said invalidated a Trump-era rule allowing hog slaughter plants to run without line speed limits. A lawsuit brought against the U.S. Department of … Source: Claims Journal

NEMO, S.D. (AP) — Firefighters on Tuesday began to gain control of wildfires in the Black Hills of South Dakota that have forced the evacuation of more than 400 homes and closed the Mount Rushmore National Memorial. Three separate wildfires … Source: Claims Journal

JAKARTA, Indonesia (AP) — Indonesian navy divers have recovered the cockpit voice recorder of a Sriwijaya Air jet that crashed into the Java Sea in January, killing all 62 people on board, officials said Wednesday. Transportation Minister Budi Karya Sumadi … Source: Claims Journal

Renfroe Appoints New CEO E.A. Renfroe & Co. has appointed Gerrad Brigham, formerly chief executive officer of Eberl Claims Service, as president. Brigham worked for Eberl for 26 years, including ten years as the company’s chief executive, Renfroe said in … Source: Claims Journal

Artificial intelligence adoption across the insurance industry is taking off. In its report, “The Dawn of the Age of AI in Insurance,” Genpact noted that insurers recognize the value and potential of AI, “with 87% of carriers investing more than … Source: Claims Journal

NEMO, S.D. (AP) — High winds Tuesday hampered firefighters battling wildfires in the Black Hills of South Dakota that have forced the evacuations of more than 400 homes and closed the Mount Rushmore National Memorial. Three separate wildfires were burning … Source: Claims Journal