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Insurers Face Possible British Action Over Calculation of Pandemic Payouts

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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 a Growing Share of Shrinking Work Comp Claims in 2 States

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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

Immersive Simulator Tests ‘Trust’ Between Humans and Self-driving Cars

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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 Fire Insurance Costs Skyrocket After Bankruptcy, Fires

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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

China-Backed Hackers ‘Targeted COVID-19 Vaccine Firm Moderna’

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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

Chemical Safety Watchdog To Proceed, With Only One Board Member

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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

Florida Declares Emergency On Coast as Hurricane Isaias Barrels Toward State

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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

Slaying at US Judge’s Home Raises Concern About Cyberthreats

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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

Insurer Must Defend Landlord in Security Deposit Lawsuit Despite Policy Exclusion

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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

Viewpoint: The Case of the Forged Persian Antiquities

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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