Posts by Y@DminG

OTTAWA — Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing costs, is concerned the government will move too slowly on the key first step of mapping flood risks. … Source: Claims Journal

Substandard plane-cleaning practices on a Qantas Airways Ltd. plane may have put workers and passengers at risk of catching the new coronavirus, according to a workplace safety watchdog. The airline’s method of cleaning planes that could have carried infected passengers … Source: Claims Journal

Don’t look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from the deadly Covid-19 virus that’s sweeping across the globe. The world’s largest insurers have learned lessons from previous health crises, … Source: Claims Journal

Scientists say that half of the world’s sandy beaches could disappear by the end of the century if climate change continues unchecked. Researchers at the European Union’s Joint Research Center in Ispra, Italy, used satellite images to track the way … Source: Claims Journal

GARDEN GROVE, Calif. — While California has a $1.4 billion legal marijuana market, a black market of perhaps equal size is thriving. Some enterprising growers are working on ways to get home insurers to cover their capital costs. A presentation … Source: Claims Journal

Global insurance broker Marsh announced the 2020 opening of its Cyber Catalyst program that identifies cybersecurity products that cyber insurers believe can be effective against major cyber threats. The program, launched last year, awards Cyber Catalyst designations to the products … Source: Claims Journal

Chubb has expanded its North America claims leadership team with two appointments: Bill Hazelton has been named head of Chubb North America Claims, and Megan Watt has been appointed to a newly created leadership role, head of North America Complex … Source: Claims Journal

GARDEN GROVE, Calif. — As an attorney who focuses on construction litigation, Vasko C. Alexander says he has spent a good part of his legal career inside mediation sessions where contractors, subcontractors, owners and architects blame one another for whatever … Source: Claims Journal

Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare better. That is because a new type of insurance … Source: Claims Journal

A decade ago, if a Floridian wanted extra cash to replace a roof, install solar panels or a brand new air conditioner, the most common choice was a bank loan. But for the last few years, homeowners also have had … Source: Claims Journal