News
As the COVID-19 pandemic has progressed over the past several months, participants in the insurance industry have recognized the likelihood of a resulting increase in claims volume. Much of the early focus has been on the ramifications to insurers that … Source: Claims Journal
Many companies are having to shutdown their premises temporarily at short notice due to the Covid 19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), improper action or negligence when decommissioning buildings and production facilities … Source: Claims Journal
SEATTLE –Experts and health officials who are trying to plan a response to the coronavirus outbreak are missing a critical piece of information – the number of health care workers who have tested positive for the disease. Washington state faced … Source: Claims Journal
A federal agency has issued citations against a dozen companies in connection with last fall’s deadly partial collapse of a hotel under construction in New Orleans. They include an engineering firm charged with a “willful” violation involving the design and … Source: Claims Journal
LONDON — World insurers told governments on Monday that making them pay out on losses suffered due to the coronavirus that were not covered by policies risked destabilizing the insurance industry. With the global economy hammered by measures to halt … Source: Claims Journal
Lawyers for more than half the wildfire victims who negotiated a $13.5 billion settlement with PG&E Corp. say their clients plan to vote overwhelmingly in favor of the bankrupt utility’s reorganization plan. The attorneys represent about 40,300 of the estimated … Source: Claims Journal
Auto insurers Allstate Corp. and American Family Insurance are returning some money to customers as widespread shutdowns across the U.S. from the coronavirus cut down on driving. Allstate expects to give back more than $600 million, with personal auto customers … Source: Claims Journal
Bayer AG is blaming the spread of the coronavirus for slowing negotiations aimed at resolving lawsuits that claim its controversial Roundup weedkiller causes cancer and is asking consumers to settle for less, according to people familiar with the talks. The … Source: Claims Journal
Data sharing by technology companies is helping government officials fight the dizzying spread of the coronavirus by monitoring compliance with social distancing and stay-at-home orders. It’s also putting privacy experts on edge. Companies including Alphabet Inc.’s Google and Facebook Inc. … Source: Claims Journal
A decision by a Texas appellate court last week breathed new life into litigation against a public adjuster that is accused of conspiring with a roofing contractor and attorneys to scam homeowners by charging exorbitant and unnecessary fees. The 5th … Source: Claims Journal