Uncategorized

LONDON — Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters fear the coronavirus pandemic will lead to hefty litigation claims. Premiums for directors’ liability insurance, known as D&O, … Source: Claims Journal

LONDON — Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port of Beirut were likely to total less than $250 million, reinsurance broker Guy Carpenter said on Monday. Overall … Source: Claims Journal

OAKLAND, Calif. — Alphabet Inc’s Google’s Android phones on Tuesday started detecting earthquakes around the world to provide data that could eventually give billions of users precious seconds of warning of a tremor nearby, with an alerting feature first rolling … Source: Claims Journal

McDonald’s says it’s suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging Monday that he covered up relationships with three other employees and destroyed evidence. The company now wants to reclaim hundreds … Source: Claims Journal

JACKSON, Miss. — Four executives from two Mississippi poultry processing plants have been indicted on federal charges tied to one of the largest workplace immigration raids in the U.S. in the past decade. U.S. Attorney Mike Hurst and the acting … Source: Claims Journal

LOS ANGELES — There were no fires this time in Watts. There was no looting, no shooting and no National Guard troops patrolling. Protesters filled the streets around the country in late May and June following the Minneapolis police killing … Source: Claims Journal

PORTLAND, Ore. — Protesters outside a Portland police union building set fires and used a mortar to launch commercial grade fireworks at police and officials said Monday that two officers were injured and 16 demonstrators were arrested. A day after … Source: Claims Journal

With insured losses projected to reach $4.2 billion, Hurricane Isaias’ rampage from the Caribbean to Canada was the first significant event from a claims perspective since Hurricane Irma struck Florida in 2017, a claims executive for Crawford & Co. said … Source: Claims Journal

Already smashing records, this year’s hyperactive Atlantic hurricane season is about to get even nastier, forecasters predict. In the coming months, they expect to run out of traditional hurricane names and see about twice as much storm activity as a … Source: Claims Journal

PORTLAND, Ore. — A fire inside a police union building led authorities in Portland, Oregon, to declare a riot and force protesters away from the offices as violent demonstrations continue in the city that had hoped for calm after federal … Source: Claims Journal