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Insurer’s Argument Against Lost Income Claims Cites Takeout Services by Eateries
An insurer fighting business income claims from restaurants is arguing in part that there is no coverage because businesses were allowed to provide takeout and delivery service during lockdowns. Society Insurance, based in Fond du Lac, Wisconsin, has filed a … Source: Claims Journal
Read MoreOklahoma Court Says Home Warranty Contract Is Insurance, Nixes Forced Arbitration
A home warranty contract is an insurance contract. That’s the conclusion of the Oklahoma Supreme Court in a case in which the plaintiffs challenged a mandatory arbitration provision in a home warranty contract, maintaining such provisions are not legal under … Source: Claims Journal
Read MoreCoronavirus Disruption Drives Demand for AI-Powered Supply Chain Risk Software
For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread supply chains. Until recently, … Source: Claims Journal
Read MoreAmTrust, Ex-CFO to Pay $10.5M to Settle SEC Charges Of Improper Reserves Reporting
The Securities and Exchange Commission (SEC) has charged insurance company AmTrust Financial Services and Ronald E. Pipoly Jr., its former chief financial officer, with failing to disclose material facts about how the company estimated its insurance losses and reserves for … Source: Claims Journal
Read MoreProfits Over Safety: Grand Jury Says PG&E Ignored Warnings in Wildfire That Killed 85
A scathing grand jury report released Tuesday after a 2018 Northern California wildfire killed 85 people found that Pacific Gas & Electric officials repeatedly ignored warnings about its failing power lines, performed inadequate inspections to focus on profits and refused … Source: Claims Journal
Read MoreU.S. Automakers Stressing Covid Safety at Work and Home as Plants Rev Up
Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside. Screening workers for COVID-19 using temperature scans and … Source: Claims Journal
Read MoreSupreme Court Rejects Appeals Over Police ‘Qualified Immunity’
The U.S. Supreme Court refused to take up a new test of “qualified immunity,” rejecting several appeals that challenged the legal doctrine that has become a broad liability shield for police officers accused of civil rights violations. Qualified immunity has … Source: Claims Journal
Read MoreJustice Department Outlines Broad Overhaul of Social Media Legal Protections
The Justice Department on Wednesday outlined a broad overhaul of legal protections for online platforms such as Alphabet Inc.’s Google and Facebook Inc. if they deliberately promote illegal speech on their websites. The proposals, which could upend the companies’ business … Source: Claims Journal
Read MoreCalifornia Orders Workers’ Comp Carriers to Return Premiums Due to Stay-At-Home Orders
California Insurance Commissioner Ricardo Lara has issued an order adopting emergency workers’ compensation regulations in response to the COVID-19 pandemic. The new regulations go into effect on July 1. The regulations require insurance companies to recompute premium charges for policyholders … Source: Claims Journal
Read MoreArkansas Governor’s Order Grants Businesses Virus Lawsuit Protections
Arkansas Gov. Asa Hutchinson has granted businesses protections from coronavirus lawsuits, while the state’s epidemiologist said she’s concerned loosened restrictions may have caused some to lower their guard against the virus. Hutchinson signed executive orders that grants similar immunity to … Source: Claims Journal
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