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McLarens Acquires Energy Claims Specialist LWI in London
Atlanta-based global insurance claims management firm McLarens reported it has acquired London-based Lloyd Warwick International (LWI), a provider of global specialty loss and insurance adjusters. McLaren purchased the firm from LWI employees and Crawford & Co. Financial terms of the … Source: Claims Journal
Read MoreNebraska Warns of $3.7B in Potential Farm Revenue Losses from Coronavirus
Nebraska potentially faces nearly $3.7 billion in agricultural losses from the coronavirus pandemic if economic conditions do not improve, the Nebraska Farm Bureau said. Its estimate projects revenue losses for this year’s commodities, including corn, soybeans, wheat, beef cattle and … Source: Claims Journal
Read MoreCalifornia Regulator Says Uber, Lyft Drivers Are Employees
Drivers working for ride-hailing services such as Uber Technologies Inc. and Lyft Inc. will be considered employees under California’s new gig worker law, the state’s leading industry regulator said on Thursday. Shares in Uber and Lyft fell 5.3% and 4.2%, … Source: Claims Journal
Read MoreHow Coronavirus Could Add Additional Stress to D&O Insurance Market
Players should expect the directors and officers insurance market to “undergo radical changes” based on 2019 results and the “unprecedented turbulence” created by the COVID-19 pandemic, according to an A.M. Best report. A.M. Best expects that the efforts to address … Source: Claims Journal
Read MoreInsurers’ Estimates of Coronavirus Business Interruption Claims Questioned
U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has warned it could cost them $255 billion to $431 … Source: Claims Journal
Read MoreCoronavirus Survey Last Call: How Have the Pandemic, Lockdowns Affected You?
No matter where you work in the property/casualty insurance industry, your experience is important. How is the coronavirus pandemic affecting you now? Going forward? What do you expect to change? When will you be ready to travel? How do you … Source: Claims Journal
Read MoreParents File Second Lawsuit Over University of Utah Student’s Shooting Death
The parents of a University of Utah student who was shot and killed on campus in 2018 has filed another lawsuit against the school In the lawsuit, Jill and Matt McCluskey allege the university violated the state constitution by dismissing … Source: Claims Journal
Read MoreUber, Lyft Drivers Are Employees Under New State Law, California Regulator Rules
Drivers working for ride-hailing services such as Uber Technologies Inc. and Lyft Inc. will be considered employees under California’s new gig worker law, the state’s leading industry regulator said on Thursday. Shares in Uber and Lyft fell 5.3% and 4.2%, … Source: Claims Journal
Read MoreNew York Charges Drugmaker Endo with Insurance Fraud Over Opioid Claims
New York state filed civil charges on Wednesday accusing Endo International Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, adding fuel to the nation’s opioid crisis. Governor Andrew Cuomo said the charges brought by … Source: Claims Journal
Read MoreSenate Bill Would Grant Broad Coronavirus Liability Shield to Employers
Senate Republicans are drafting legislation that would let employers choose which government coronavirus safety guidelines to follow in order to be shielded from lawsuits if their customers or workers contract the virus, GOP Senator John Cornyn said Wednesday. Cornyn said … Source: Claims Journal
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