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Silver Lining For Some: Virus Shutdown Boosts China P/C Insurers

HONG KONG/BEIJING — Chinese non-life insurers are discovering a silver lining to the cloud spreading over China’s economic performance from the coronavirus outbreak — a sharp drop in car accident claims. Beijing’s efforts to contain the new coronavirus have included … Source: Claims Journal

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Thai Forex Firm Disinfects Banknotes to Fight Coronavirus

BANGKOK — A Thai foreign exchange firm is disinfecting banknotes it collects from its branches as a safety precaution for its workers and customers because of the coronavirus outbreak. The money changer has around 15 branches at popular tourist areas … Source: Claims Journal

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Mexico City Subway Trains Collide, Killing 1, Injuring 41

MEXICO CITY — A two-train subway collision in Mexico City killed a male passenger, injured 41 people and disrupted service Wednesday on the bustling metro system serving this megalopolis of over 20 million people. Mayor Claudia Sheinbaum said via Twitter … Source: Claims Journal

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Viewpoint: Alvarez Defense May Stem Use of Exaggerated Estimates

The recently minted Alvarez defense has become an important sword in Florida homeowner’s property insurance carriers’ arsenal against overstated, excessive, and false claims. Every Florida insurance defense attorney and adjuster should be aware of and using this very effective defense. … Source: Claims Journal

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Fire Put Out at PBF’s Delaware City Refinery, Two Injured

BF Energy said a fire that occurred at one operating unit at its Delaware City, Delaware, refinery on Wednesday has been extinguished and two employees are being treated for injuries. According to energy intelligence service Genscape, the fire is believed … Source: Claims Journal

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