Claims Journal

Boeing Hit With Proposed $19.7 Million Fine for 737 Lapses

Federal regulators hit Boeing Co. with proposed fines totaling $19.7 million for allegedly installing unapproved cockpit equipment in hundreds of 737 Max and Next-Generation aircraft. The company put the devices into a total of 791 planes even though...

Posted: Mar 09, 2020

This Week’s PLRB Claims Conference Cancelled Due to Concern Over Coronavirus

A major insurance claims industry conference scheduled to start Sunday, March 8 has been cancelled due to events related to the coronavirus. The event was scheduled for the Gaylord National Hotel in National Harbor, Maryland, outside Washington, D.C....

Posted: Mar 08, 2020

Science Says: How Risky is That Virus? Your Mind May Mislead

NEW YORK — Anna Alexander, a property manager in Virginia Beach, Virginia, started the day Monday thinking that she might avoid shaking hands because of the coronavirus outbreak. Then somebody stuck out a hand to shake. She took it. “I’m …

Posted: Mar 06, 2020

Hyundai Joins Kia in Another Recall to Prevent Engine Fires

DETROIT — Hyundai is joining affiliated automaker Kia in yet another U.S. recall for problems that could cause engine fires. Hyundai said Wednesday that it’s recalling nearly 207,000 Sonata midsize cars from 2013 and 2014 because a hose that connects...

Posted: Mar 06, 2020

As Climate Fight Intensifies, U.S. States Seek to Block Local Natural-Gas Bans

March 5 — Lawmakers in at least five U.S. states have proposed bills since mid-February to prevent cities from banning natural gas as an energy source in new buildings, marking an escalation in the national battle over the fuel’s role …

Posted: Mar 06, 2020

California Blackouts Boost Demand for Power Storage

Power cuts during California’s devastating wildfire season have boosted demand for combined solar panels and battery storage solutions as businesses look to mitigate economic damage from future blackouts. Billions of dollars in economic activity were...

Posted: Mar 06, 2020

Tesla Sent Incomplete Injury Reports, California Regulator Says

For years, Tesla Inc. has refuted concerns about worker safety at its main assembly plant by describing reviews from a California regulator as vindication. But new documents and statements from the agency contradict those claims. Tesla omitted hundre...

Posted: Mar 06, 2020

Claims People: Chubb, Topa, Greenberg Traurig

Chubb Appoints Head of Claims, Complex Claims Chubb has expanded its North America claims leadership team with two new appointments: Bill Hazelton was named head of Chubb North America Claims, and Megan Watt has been appointed to a newly created …

Posted: Mar 06, 2020

Business News: HomeCare Connect, Roost, Consolidated Claims Group

HomeCare Connect Rolls Out TextConnect HomeCare Connect, which provides in-home caregivers to injured workers, announced the launch of a free texting service to allow clients to communicate with care givers. HomeCare Connect said that during its init...

Posted: Mar 06, 2020

Ford to Make It Easy for Drivers to Hook Into Allstate Telematics Program

Allstate Corp. struck a deal with Ford Motor Co. that will allow some of the automaker’s customers to share data with the insurer for its program that tracks mileage. The majority of Ford and Lincoln 2020 model-year vehicles with embedded …

Posted: Mar 06, 2020

Death Toll From Tennessee Tornadoes Climbs to at Least 25

NASHVILLE, Tenn. — Rescuers searched through shattered Tennessee neighborhoods for bodies Tuesday, less than a day after tornadoes ripped across Nashville and other parts of the state as families slept. At least 25 people were killed, some in their b...

Posted: Mar 05, 2020

No Money For Masterpieces: Louvre Bans Cash Over Virus Fears

PARIS — The Louvre is no longer taking cash, because of the coronavirus outbreak. The world’s most-visited museum is shifting to card-only payments as part of new measures that helped persuade employees worried about getting sick to return to work …

Posted: Mar 05, 2020

Insurers Warn Government Canada’s Flood Mapping Must Not Take a Decade

OTTAWA — Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing costs, is concerned the government will move too slowly on the key first step of mapping flood risks. …

Posted: Mar 05, 2020

Qantas Passengers Face Virus Risk as Inadequate Cleaning Exposed

Substandard plane-cleaning practices on a Qantas Airways Ltd. plane may have put workers and passengers at risk of catching the new coronavirus, according to a workplace safety watchdog. The airline’s method of cleaning planes that could have carried...

Posted: Mar 05, 2020

Insurance Claims Unlikely to Cushion Coronavirus Losses – But There Are Exceptions

Don’t look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from the deadly Covid-19 virus that’s sweeping across the globe. The world’s largest insurers have learned lessons from p...

Posted: Mar 05, 2020

Half of World’s Sandy Beaches May Disappear, Say Climate Researchers

Scientists say that half of the world’s sandy beaches could disappear by the end of the century if climate change continues unchecked. Researchers at the European Union’s Joint Research Center in Ispra, Italy, used satellite images to track the way …

Posted: Mar 05, 2020

Unwitting Insurers May Be Subsidizing Marijuana Grow Houses

GARDEN GROVE, Calif. — While California has a $1.4 billion legal marijuana market, a black market of perhaps equal size is thriving. Some enterprising growers are working on ways to get home insurers to cover their capital costs. A presentation …

Posted: Mar 05, 2020

Marsh Seeks 2020’s Best Cybersecurity Products

Global insurance broker Marsh announced the 2020 opening of its Cyber Catalyst program that identifies cybersecurity products that cyber insurers believe can be effective against major cyber threats. The program, launched last year, awards Cyber Cata...

Posted: Mar 05, 2020

Chubb Expands North American Claims Leadership with Hazelton, Watt

Chubb has expanded its North America claims leadership team with two appointments: Bill Hazelton has been named head of Chubb North America Claims, and Megan Watt has been appointed to a newly created leadership role, head of North America Complex …

Posted: Mar 04, 2020

Building Information Modeling Pitched as Claims Management Tool

GARDEN GROVE, Calif. — As an attorney who focuses on construction litigation, Vasko C. Alexander says he has spent a good part of his legal career inside mediation sessions where contractors, subcontractors, owners and architects blame one another fo...

Posted: Mar 04, 2020

Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations

Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare better. That is because a new type of insurance …

Posted: Mar 04, 2020

Popular Climate Change Mitigation Financing Plan Has Its Fans and Foes

A decade ago, if a Floridian wanted extra cash to replace a roof, install solar panels or a brand new air conditioner, the most common choice was a bank loan. But for the last few years, homeowners also have had …

Posted: Mar 04, 2020

Australian Court Orders J&J to Pay $1.7 Million in Pelvic Implant Case

An Australian court on Tuesday ordered Johnson & Johnson to pay three women a total of A$2.6 million ($1.7 million) plus legal costs as compensation for misleading patients and surgeons about the risks of its pelvic mesh implants. The Federal …

Posted: Mar 04, 2020

AIR Worldwide Pandemic Model Identifies Countries at Highest Risk for Coronavirus

AIR Worldwide published an evaluation of potential coronavirus disease 2019 (COVID-19) cases in other countries, using its pandemic model to run hypothetical scenarios that could reveal those countries at the highest risk for onward infections. In th...

Posted: Mar 04, 2020

It’s Conference-as-Usual For Insurance Amid Coronavirus (Except No Handshakes)

As the coronavirus and its COVID-19 disease spread, Insurance professionals going to industry conferences over the next few weeks and months could find themselves having their temperature taken at the door and being told not to shake hands with fello...

Posted: Mar 04, 2020