Uncategorized

The Workers’ Compensation Insurance Rating Bureau of California published estimated costs of allowing state workers to receive benefits for COVID-19 claims without proving virus exposure at work, dropping a prior mid-range estimate by $10 billion. In a report published on … Source: Claims Journal

The Atlantic’s second storm of 2020 made landfall just east of Charleston, South Carolina, with the official start of the Atlantic hurricane season still almost a week away. Tropical Storm Bertha, with top winds of 50 miles per hour (81 … Source: Claims Journal

Mizanur Rahman recalls the last time a major tropical storm hit Bangladesh, when Cyclone Sidr killed more than 3,000 people in 2007. In the aftermath of the destruction, he watched the dead body of a woman being washed ashore by … Source: Claims Journal

One of America’s biggest indoor water parks, normally packed with frolicking families, has gone dark — a casualty of social distancing. Now, the mortgage on the property is in trouble. The Kalahari water park and resort in the Poconos, with … Source: Claims Journal

STARKVILLE, Miss. — The owner of the contracting company of which two workers were killed in a trench collapse in Mississippi earlier this month was previously issued 27 federal citations for safety violations. Shane Henderson was the president of the … Source: Claims Journal

The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in costly class action lawsuits. Treasurer Josh Frydenberg said on Friday that litigation funders will be required to hold an Australian … Source: Claims Journal

During a press conference on Tuesday, U.S. Rep. Carolyn Maloney, D-New York, officially announced the introduction of the much-anticipated Pandemic Risk Insurance Act of 2020, a federal backstop for pandemic-related business interruption insurance modeled after the Terrorism Risk Insurance Act. … Source: Claims Journal

Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations. The deals, which have yet to be signed and … Source: Claims Journal

U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims. The legislation, introduced by Rep. Carolyn Maloney, a Democrat from … Source: Claims Journal

An air-ambulance helicopter crash in Ohio last year that killed three crew members revealed sweeping safety lapses and rule violations, federal accident investigators concluded Tuesday. The Survival Flight Inc. copter slammed into a wooded hillside in southeastern Ohio during snow … Source: Claims Journal