Posts by Y@DminG
California School Districts, Lawyers Gearing Up to Fight JUUL in Lawsuits
A national coalition of law firms has filed suit on behalf of the Pomona Unified School District against JUUL Labs Inc. for its role in creating an e-cigarette epidemic and resurgence in youth nicotine addiction that impedes the learning environments … Source: Claims Journal
Read MoreGlobal Insurers in Epicenter of COVID-19 Crisis in Uncharted Territory
Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift. The long-awaited 32nd Olympic Games. The list of canned crowd-thrillers that were planned for the coming weeks isn’t just bad … Source: Claims Journal
Read MoreMeasuring the Moment: How Will George Floyd’s Death Matter to Insurance Industry?
The marches and protests across the globe sparked by the death of George Floyd by Minneapolis police are presenting the country with opportunities to confront the racism and inequality that African-Americans confront every day. As executive director of the National … Source: Claims Journal
Read MoreFlorida Supreme Court Suspends Attorney Behind Thousands of Insurer Lawsuits
The Florida Supreme Court has granted an emergency request by the Florida bar to immediately suspend an attorney who, with his firm, has filed thousands of assignment of benefit and first party lawsuits against Florida property insurers over the last … Source: Claims Journal
Read MoreMinneapolis Reform Recommendations Include Police Liability Insurance Mandate
Several advocacy groups presented their own recommendations to reform law enforcement practices in Minneapolis, a day after the majority of the City Council voiced support for abolishing the police department entirely in the wake of George Floyd’s death. Minnesota’s Council … Source: Claims Journal
Read MoreDam Failures Cause $200M in Damage; Michigan Seeks Disaster Declaration
Michigan Gov. Gretchen Whitmer is requesting a federal disaster declaration for the Midland area, where a failure of two dams destroyed 150 houses and caused more than $200 million in damage. Under a disaster declaration, Whitmer said she hopes to … Source: Claims Journal
Read MoreOil & Gas Companies Seek More Insurance for Claims Linked to Bankruptcies
The U.S. oil and gas industry is paying a hefty price to protect its top brass against potential bankruptcy and investor lawsuits. Oil companies are shelling out as much as 75% more to renew insurance liability coverage for directors and … Source: Claims Journal
Read MoreInsured Losses from Storm Cristobal Estimated at $150 Million
Catastrophe modeling firm Karen Clark & Company (KCC) said on Wednesday it expects insured losses of close to $150 million from tropical storm Cristobal. Cristobal is the third named storm to form and impact the United States coast during this … Source: Claims Journal
Read MoreChief Risk Officers Believe U.S. Coronavirus Losses Could Top S&P’s $15-$30B Estimate
Analysts for Standard & Poor’s Global Ratings shared a view that U.S. underwriting losses from COVID-19 would fall in the $15-$30 billion range. However, risk officers speaking at a rating agency conference last week said the estimate is light. S&P … Source: Claims Journal
Read MoreSick Workers Frustrated by Amazon’s Automated In-House HR
Tony Banks told Amazon.com Inc. right away when he tested positive for Covid-19. More than a month later, he’s on the mend, but struggling with fatigue and shortness of breath that makes most physical activity feel like he’s just sprinted … Source: Claims Journal
Read More