News
LONDON — Insurers that do not treat customers fairly when calculating payouts for business interruption due to the coronavirus crisis will face action by Britain’s markets watchdog. The Financial Conduct Authority (FCA) has taken eight insurers to court over business … Source: Claims Journal
COVID-19 has become a large chunk of a dwindling number of workers’ compensation claims in Florida and California, limited data shows. The number of COVID-19 workers’ compensation claims reported in California more than quadrupled to 22,621 since the last data … Source: Claims Journal
Mass production of autonomous vehicles is expected to soar by the early 2020s. Consumers have high expectations and a high degree of skepticism when it comes to self-driving cars. According to a World Economic Forum study, consumers are very reluctant … Source: Claims Journal
PG&E Corp. is finding it very costly to buy fire insurance after wildfires triggered by its power lines sent the company into bankruptcy and left it paying $25.5 billion for claims. It’s hoping customers will foot the bill. The San … Source: Claims Journal
WASHINGTON — Chinese government-linked hackers targeted biotech company Moderna Inc, a U.S.-based coronavirus vaccine research developer, this year in a bid to steal data, according to a U.S. security official tracking Chinese hacking. China on Friday rejected the accusation that … Source: Claims Journal
HOUSTON — The U.S. Chemical Safety Board, which has only one board member instead of the usual five, was to meet on Friday despite efforts by President Donald Trump to wind down the federal watchdog agency responsible for probing major … Source: Claims Journal
MIAMI — Florida Governor Ron DeSantis on Friday declared a state of emergency for counties on the Atlantic coast with Hurricane Isaias expected to hit the state as early as this evening before moving up north into early next week. … Source: Claims Journal
PHILADELPHIA — In 2005, U.S. District Judge Joan Lefkow returned from work to find her husband and mother shot dead in the basement of her Chicago home. Investigators initially focused on a White Supremacist who had put out a hit … Source: Claims Journal
A policy that sought to limit exposure from any disputes about security deposits did not protect the insurer from having to defend a landlord against a class-action lawsuit claiming state laws were not followed, a federal appellate court ruled. In … Source: Claims Journal
When thinking of the great empires of history, the Romans, Egyptians, and British rightly come to mind. Each of these states was remarkable. The Egyptians boasted a 3,000-year history with astounding architectural achievements. The Romans mastered art & science, extending … Source: Claims Journal