Claims Journal
A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurance carrier for business interruption losses caused by the coronavirus pandemic, which they say caused a “direct physical loss” to their premises...
Posted: Aug 12, 2020
Fashion firm Ralph Lauren Corp. is suing its insurer to recoup what it says has been a huge drop of two-thirds of its revenues in the first quarter alone due to the pandemic. Ralph Lauren Corp. (RLC) maintains that Factory …
Posted: Aug 12, 2020
BALTIMORE — A natural gas explosion destroyed three row houses in Baltimore on Monday morning, killing a woman and trapping other people in the debris. At least seven people were seriously injured, and firefighters were searching for more survivors....
Posted: Aug 12, 2020
IOWA CITY, Iowa — A rare storm packing 100 mph winds and with power similar to an inland hurricane swept across the Midwest, blowing over trees, flipping vehicles, causing widespread property damage and leaving hundreds of thousands without power as...
Posted: Aug 12, 2020
The operator of a Japanese bulk carrier which ran aground off Mauritius in the Indian Ocean apologized on Sunday for a major oil spill which officials and environmentalists say is creating an ecological disaster. The MV Wakashio, operated by Mitsui …
Posted: Aug 12, 2020
WASHINGTON — The Transportation Department’s Office of Inspector General said on Tuesday it would audit oversight of U.S. vehicle safety standards, noting that more than 36,000 Americans were killed in traffic accidents in 2019. The inspector general...
Posted: Aug 12, 2020
Duck Creek Technologies Inc, a software company that serves the property and casualty (P&C) insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects to raise about $375 million. Boston-based Duck Creek,...
Posted: Aug 12, 2020
The coronavirus pandemic dealt a relatively modest $2.5 billion blow to five insurers with large U.S. operations in the second quarter — a cost that was far less than feared and which the industry has absorbed without touching capital, analysts …
Posted: Aug 12, 2020
A well-known workers’ comp number cruncher and an actuary are calling Chicken Little on insurance industry warnings about the cost of COVID-19 claims. Health Strategy Associates owner Joe Paduda and Bickmore Actuarial principal Mark Priven dispute as...
Posted: Aug 12, 2020
LONDON — Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters fear the coronavirus pandemic will lead to hefty litigation claims. Premiums for directors’ liabil...
Posted: Aug 11, 2020
LONDON — Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port of Beirut were likely to total less than $250 million, reinsurance broker Guy Carpenter said on Monday. Overall …
Posted: Aug 11, 2020
OAKLAND, Calif. — Alphabet Inc’s Google’s Android phones on Tuesday started detecting earthquakes around the world to provide data that could eventually give billions of users precious seconds of warning of a tremor nearby, with an alerting feature f...
Posted: Aug 11, 2020
McDonald’s says it’s suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging Monday that he covered up relationships with three other employees and destroyed evidence. The company now wants...
Posted: Aug 11, 2020
JACKSON, Miss. — Four executives from two Mississippi poultry processing plants have been indicted on federal charges tied to one of the largest workplace immigration raids in the U.S. in the past decade. U.S. Attorney Mike Hurst and the acting …
Posted: Aug 11, 2020
LOS ANGELES — There were no fires this time in Watts. There was no looting, no shooting and no National Guard troops patrolling. Protesters filled the streets around the country in late May and June following the Minneapolis police killing …
Posted: Aug 11, 2020
PORTLAND, Ore. — Protesters outside a Portland police union building set fires and used a mortar to launch commercial grade fireworks at police and officials said Monday that two officers were injured and 16 demonstrators were arrested. A day after …
Posted: Aug 11, 2020
With insured losses projected to reach $4.2 billion, Hurricane Isaias’ rampage from the Caribbean to Canada was the first significant event from a claims perspective since Hurricane Irma struck Florida in 2017, a claims executive for Crawford & Co. s...
Posted: Aug 11, 2020
Already smashing records, this year’s hyperactive Atlantic hurricane season is about to get even nastier, forecasters predict. In the coming months, they expect to run out of traditional hurricane names and see about twice as much storm activity as a...
Posted: Aug 10, 2020
PORTLAND, Ore. — A fire inside a police union building led authorities in Portland, Oregon, to declare a riot and force protesters away from the offices as violent demonstrations continue in the city that had hoped for calm after federal …
Posted: Aug 10, 2020
EAST HARTFORD, Conn.– The Connecticut National Guard joined over 1,750 utility crews in Connecticut on Friday in efforts to clear trees and restore power to more than 400,000 homes and businesses still in the dark, as frustration continued to grow …
Posted: Aug 10, 2020
LANSING, Mich. — Nature is returning to craters left from lakes drained by two dams that failed in May during torrential rain in mid-Michigan. But not always in a good way. “Shortly after the water receded, you could look out …
Posted: Aug 10, 2020
YORKTOWN, Va. — The line crew from Northern Virginia had been working since 7 a.m., knocking out six repair jobs to restore power to hundreds of Peninsula homes, but the backlog at Dominion Energy’s regional operations center meant they got …
Posted: Aug 10, 2020
NEW YORK — More than 695,000 homes and businesses in the New York tri-state area were still without electricity at midday Saturday as utilities continued trying to get the lights on four days after Tropical Storm Isaias. Tuesday’s storm dealt …
Posted: Aug 10, 2020
FORT LAUDERDALE, Fla.– It was supposed to be an easy job — not one that would shut down an entire city. But a series of major goofs and errors turned an underground drilling project into a nightmarish tale where the …
Posted: Aug 10, 2020
Mitchell Completes Acquisition of Coventry Mitchell | Genex has completed acquisition of Coventry Workers’ Comp Services from CVS Health, the San Diego-based cost-containment and disability management provider said in a press release. “This combinati...
Posted: Aug 10, 2020