Uncategorized

Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed. The total costs … Source: Claims Journal

California Attorney General Xavier Becerra on Monday asked a judge to order Amazon to comply with subpoenas his office issued nearly four months ago as part of an investigation into how the company protects workers from the coronavirus. Becerra said … Source: Claims Journal

WASHINGTON (AP) — Vandalism at four downtown Washington churches after rallies in support of President Donald Trump is exposing rifts among people of faith as the nation confronts bitter post-election political divisions. Among the damaged houses of worship were two … Source: Claims Journal

ANCHORAGE, Alaska (AP) — Congress has passed a bill authorizing the addition of Coast Guard Polar Security Cutters for use as icebreakers, and an Alaska senator said the Trump administration is considering leasing an icebreaker owned by a Republican donor. … Source: Claims Journal

ZURICH, Dec 15 — Natural disasters like wildfires which devastated parts of the United States and a record number of hurricanes in the Atlantic caused $76 billion in insured losses during 2020, Swiss Re said on Tuesday. The 40% increase … Source: Claims Journal

Are you tired of talking about COVID? I am. Are you as tired of the COVID business income coverage debates? I am. Because I’m so worn out, this article focuses on ONE, ok two, key policy provisions every attorney and … Source: Claims Journal

Auto casualty claimants are avoiding hospital emergency rooms during the COVID-19 pandemic but are generating increased hospital charges anyway, according to a new report by Mitchell, a San Diego-based claims administrator. “Anecdotally, we have heard that some people have been … Source: Claims Journal

Thinning ice in the Arctic Ocean made this year’s navigation season for natural gas tankers the longest on record, the latest sign that the pace of climate change is accelerating in the Earth’s northernmost latitudes. The Northern Sea Route, stretching … Source: Claims Journal

LONDON, Dec 15 — Lloyd’s of London and insurtech firm Parsyl have launched a program to insure the distribution of COVID-19 vaccines in emerging markets as drugmakers race to address the biggest global logistical challenge since the Second World War. … Source: Claims Journal

DUBAI, United Arab Emirates (AP) — An oil tanker off Saudi Arabia’s port city of Jiddah suffered an explosion early Monday after being hit by “an external source,” a shipping company said, suggesting another vessel has come under attack off … Source: Claims Journal