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Viewpoint: Observations on Climate and Pandemics

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Climate and Pandemics COVID-19 is a slowly unfolding catastrophe that poses a serious threat to humanity worldwide. Unlike a tornado, hurricane, or even flood, it is hard to say when the event will end. Unlike heat waves and droughts, it … Source: Claims Journal

Another Restaurant Files Suit to Force Coverage for Virus Shutdown

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Two California restaurants has filed a lawsuit against a unit of The Hartford, seeking a declaration that the owner’s commercial insurance policy covers losses caused by a statewide business shutdown ordered to prevent the spread of coronavirus. The lawsuit filed … Source: Claims Journal

Scooter Companies Pull Out of Cities Worldwide Amid Pandemic

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Dockless scooter companies charged into cities in 2018, promising a mobility revolution with cheap, clean rides and billions in venture capital backing. Yet they soon faced roadblocks, including shaky business models, safety concerns, and fast-moving city regulators. At the start … Source: Claims Journal

Insurance Market Lloyd’s of London Returns to Profit, Braces For Coronavirus

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Lloyd’s of London reported its first annual pretax profit in three years on Thursday, thanks to tighter underwriting and robust investment returns, and signaled it was well prepared to cope with the cost of the coronavirus pandemic. The 330-year-old insurance … Source: Claims Journal

Coronavirus-Related Crimes Capitalize on Global Fear, Panic

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WASHINGTON — Thieves steal surgical masks. A clinic sells fake COVID-19 tests. Hate groups encourage sick members to infect law enforcement officers. Imposters pose as public health officials. Con artists peddle fake cures and financial scams. As the coronavirus pandemic … Source: Claims Journal

U.S. Corporate Crisis Bailouts May Prove Bonanza For Insider Trading, New Study Warns

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WASHINGTON/BOSTON — White-collar crime prosecutors and defense attorneys are likely to be busy following a massive economic stimulus package from the U.S. Congress aimed at mitigating the fallout from the coronavirus, according to a new academic study of insider trading. … Source: Claims Journal

As Coronavirus Hits Memorial Services, U.S. Funeral Homes Struggle to Adapt

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SAN FRANCISCO — U.S. funeral homes are adapting their businesses to social distancing and the rapidly spreading coronavirus. Like companies across the United States, funeral homes and mortuaries are limiting contact with customers in order to avoid spreading the highly … Source: Claims Journal

Paul Tudor Jones Sees Regular Virus Testing, Isolation In Future

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Billionaire Paul Tudor Jones said workers in the U.S. should start thinking about resuming a different kind of life after the worst of Covid-19 — one with widespread testing and periodic self-isolation. The legendary trader and hedge fund manager, who … Source: Claims Journal

Ford’s Plan to Gradually Reopen U.S. Factories Concerns UAW

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Ford Motor Co.’s plan to restart production at some of its most important U.S. plants roughly a month after they shut down will have to overcome immediate skepticism from the United Auto Workers union. After halting North American production as … Source: Claims Journal

Insurers Brace For Coronavirus Hit to ‘Event Driven’ D&O Line

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What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed this month — one against a cruise line and another against a pharmaceutical company that claimed to have developed a vaccine for COVID-19. There are … Source: Claims Journal