Uncategorized
Viewpoint: With Sailors Stranded, Shippers Face a Hard Choice
Before the pandemic, 100,000 seafarers traveled in and out of the world’s ports every month. Some had spent weeks or months aboard the cargo ships, tankers and other merchant vessels that are essential to moving products and commodities across the … Source: Claims Journal
Read MoreViewpoint: The Coronavirus’ Impact on Property Losses and Subrogation Claims
Will COVID-19 impact subrogation? Like so much else, the answer is “yes.” The global effect of COVID-19 is unlike any event in human history. More than 4 billion people—over half of the world’s population—are currently under confinement measures. In just … Source: Claims Journal
Read MoreEconomic Loss Rule Bars Insurer Recovery for Utility’s Damaged Turbine
The economic loss rule established by Texas courts bars recovery for an insurance company that sought nearly $8 million in damages from a company that installed faulty software that led to extensive damages to an electric utility’s generating equipment, a … Source: Claims Journal
Read MoreBuffett’s Geico Offers $2.5 Billion Credits as Coronavirus Cuts Driving
Geico Corp, part of billionaire Warren Buffett’s Berkshire Hathaway Inc, said on Tuesday it will offer about $2.5 billion of credits to its 19 million auto and motorcycle policyholders, reflecting the decline in driving stemming from the coronavirus pandemic. The … Source: Claims Journal
Read MoreEstate of Walmart Worker Who Died From COVID-19 Sues for Wrongful Death
The family of a Walmart Inc employee in Illinois who died after contracting COVID-19, the illness caused by the novel coronavirus, has filed a lawsuit accusing the retail giant of failing to adequately screen and protect workers. The lawsuit filed … Source: Claims Journal
Read MoreCalif. DMV Approves Test of Autonomous Deliveries
California’s Department of Motor Vehicles on Tuesday authorized autonomous technology startup Nuro to test two driverless delivery vehicles in nine cities, a decision that comes as coronavirus concerns lock down many in the state. U.S. companies that deliver groceries, household … Source: Claims Journal
Read MoreYou’ve Been Served: Court Notices Carry New Risks Amid Virus
Even in the best of the times, not many people are happy to see a process server. The people who hand-deliver court paperwork — including divorces, evictions, and lawsuits — are accustomed to being threatened and cursed at. Now, they … Source: Claims Journal
Read MoreZoom Sued for Fraud Over Privacy, Security Flaws
Zoom Video Communications Inc. was accused by a shareholder of hiding flaws in its video-conferencing app, part of a growing backlash against security loopholes that were laid bare after an explosion in worldwide usage. In a complaint filed Tuesday in … Source: Claims Journal
Read MoreMonthly Loss of $431 Billion Spurs Insurance Claims Across U.S.
Barbara Snowden dreamed of opening a wig shop to help women who’d lost their hair during chemotherapy feel better as they battled cancer. In November, she beamed at the grand opening of Hair Goals Club in the Houston suburb of … Source: Claims Journal
Read MoreClaims Pros Adjusting to Lower Volumes, Pandemic Complications
The coronavirus pandemic has not shut down the day-to-day business of adjusting claims, but the workload is lighter and claims managers are coping with evolving government regulations and guidelines. Crawford & Co. says its had added a new step to … Source: Claims Journal
Read More