Posts by Y@DminG

LONDON — Lloyd’s of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial insurance market said on Thursday. Lloyd’s … Source: Claims Journal

ANKARA, Turkey — The death toll in last week’s Aegean Sea earthquake rose to 116 on Wednesday as rescuers in the Turkish city of Izmir finished searching buildings that collapsed in the quake. All but two of the victims were … Source: Claims Journal

MANAGUA, Nicaragua — Tropical Storm Eta spun through northern Nicaragua Wednesday after lashing the country’s Caribbean coast for much of the past day, its floodwaters isolating already remote communities and setting off deadly landslides that killed at least three people. … Source: Claims Journal

Tesla recently made headlines with the beta launch of its Full Self-Driving system. That system comes with a disclaimer saying, “It may do the wrong thing at the worst time, so you must always keep your hands on the wheel … Source: Claims Journal

LONDON — Last-minute shoppers in England were out in force Wednesday and thirsty drinkers planned their final freshly poured pints in a pub for the next month as Britain prepared to join large swathes of Europe in a coronavirus lockdown … Source: Claims Journal

An insurer is liable for the full $5 million policy limit in a lawsuit filed against a city government whose police department was involved in a high-speed chase that ended in a collision that killed a grandmother and two of … Source: Claims Journal

NEW YORK — Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which would have allowed progressives to push for broad reforms, failed to materialize on Wednesday, said industry executives. … Source: Claims Journal

Pilot unions and families of those killed in a crash of Boeing Co.’s 737 Max are asking for revisions to proposed new training for the grounded jetliner. The Federal Aviation Administration’s proposed new training module and emergency checklists for the … Source: Claims Journal

Nov 4 — Uber and Lyft stocks soared on Wednesday after California voters endorsed the gig economy’s blistering campaign not to count drivers as employees, even as questions loomed over whether the companies can secure similar privileges in other U.S. … Source: Claims Journal

SEATTLE — The owners of a Seattle-managed crab boat have reached a settlement of more than $9 million with two survivors and the families of four crew members who died last year when the Scandies Rose went down in the … Source: Claims Journal