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Willis: COVID-19 Losses Offset by Reduced Claims for Auto Lines

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If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole may be pretty much a wash. It not, the industry may be on the verge of an historic catastrophe. A … Source: Claims Journal

Amazon Says It Will Risk Loss to Cover Jump in Pandemic Spending

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Chief Executive Officer Jeff Bezos normally uses the company’s earnings report to extol the virtues of Alexa or the benefits of Prime. On Thursday, he told investors to hold on tight as his company navigates “the hardest time we’ve ever … Source: Claims Journal

Historian Compares COVID-19 With Past Pandemics

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Newswise — George Dehner might take exception to those who say the COVID-19 pandemic is unprecedented. “This pattern of the appearance of a novel infection that spreads pandemics is as old as a human story. Once we began to settle … Source: Claims Journal

Wildfires Pose Heightened Risk to Venezuelan Crude Output

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Wildfires during Venezuela’s dry season are posing heightened risk to crude output this year due to lack of maintenance in state-owned oil company’s PDVSA’s oilfields and fuel shortages leaving firefighters without fuel, according to interviews with a half-dozen workers and … Source: Claims Journal

U.S. Labor Secretary Defends Workplace Safety Record During Pandemic

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U.S. Labor Secretary Eugene Scalia on Thursday defended his department’s handling of workplace safety during the coronavirus pandemic, saying “the cop is on the beat” in response to union criticism about a lack of directives to protect workers. In a … Source: Claims Journal

Republicans Push For Coronavirus Lawsuit Immunity For Business

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The top Republicans in the U.S. Congress displayed a united front on Friday in their drive to include coronavirus-related liability protections for businesses, saying such measures will be crucial to talks about future relief legislation. Senate Majority Leader Mitch McConnell … Source: Claims Journal

Confirmed Coronavirus Cases Surge In Reopened JBS Colorado Beef Plant

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COVID-19 cases at a JBS meatpacking plant in Colorado have more than doubled “in a number of days” and a sixth employee died of the virus, a union official said on Thursday, underscoring the risks of U.S. meat plants reopening. … Source: Claims Journal

Body Shop Still Swinging After 3 Losses Against Insurers in Ohio Courts

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A Columbus, Ohio auto body shop, for the third time, has lost an attempt to pocket money paid to it by an auto insurer for vehicle repairs that were never made. The 10th District of the Ohio Court of Appeals … Source: Claims Journal

Apollo, Centerbridge Backed PG&E, Funded Loan to Firm Suing It

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Two major investors in PG&E Corp. are also backing a loan to one of the law firms suing the bankrupt California utility on behalf of thousands of wildfire victims. Centerbridge Partners LP is the among the 20 biggest shareholders in … Source: Claims Journal

Pandemic Job Actions May Push Renewed Labor Movement

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Jordan Flowers never thought he would become a labor leader. Then the coronavirus forced him to risk his life every time he clocked in. The robotics operator at Amazon’s Staten Island warehouse helped lead one of the first walkouts at … Source: Claims Journal