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COVID-19 Treatment to Cost Private Insurers $3,120

The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course for people covered by government health programs in the United States and other developed countries. … Source: Claims Journal

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A.M. Best Says Commercial Auto Losses Worst in 10 Years

The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM Best report. Indeed, the … Source: Claims Journal

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Nuclear Verdicts Continue to Push Commercial Auto Rates

In the last five or six years, trucking companies have watched their insurance rates climb, and many have found the insurance process daunting. Since 2018, trucking insurers have lost around $1.8 billion due to continued pressure from plaintiffs’ attorneys targeting … Source: Claims Journal

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Environmental Groups Propose Tailings Dam Safety Standards

Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental groups said in a report published on Tuesday. The recommendations, … Source: Claims Journal

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3 Apprehended in Attempted Arson of Civil War Monument Base

DENVER — Police in Denver have apprehended three suspects in connection with an attempt to set fire to the pedestal of a Civil War statue that was toppled last week, authorities announced Sunday. About 75 protesters had been demonstrating peacefully … Source: Claims Journal

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