Claims Journal
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
U.S. protection of wetlands has expanded and contracted dramatically over the last five years, as Democratic and Republican administrations rewrote Clean Water Act rules to their constituencies’ liking. The lack of high-quality economic analysis has...
Posted: Mar 03, 2020
Waymo raised $2.25 billion from a slate of private equity investors, venture capitalists and automotive companies, the first time Alphabet Inc.’s autonomous vehicle unit has taken outside funds. Silver Lake Management LLC, a private equity firm, led...
Posted: Mar 03, 2020
The mass shooting at a brewery in Milwaukee, Wisconsin, was the 13th in the U.S. since 2006. Workplace mass shootings remain a rare event but there are some trends among who carries them out and why. The Associated Press/USA TODAY/Northeastern …
Posted: Mar 03, 2020
An insurer whose policy covers the “actual cash value” of a property may deduct for depreciation of labor costs when it calculates the amount of the loss, the North Carolina Supreme Court ruled. The court noted that the question of …
Posted: Mar 03, 2020
At least 3.8 million U.S. homes lie in flood plains. Together, they may be overvalued by $34 billion. New research published today in a National Bureau of Economic Research working paper shows that markets fail to incorporate risks from flooding …
Posted: Mar 03, 2020
LOS ANGELES — In a Koreatown restaurant known for its beef bone broth soup, the lunchtime crowd Friday was half its normal size. The reason was a virulent rumor about a customer with coronavirus. Han Bat Shul Lung Tang was …
Posted: Mar 02, 2020
DES MOINES, Iowa — The Iowa Supreme Court on Friday dramatically reduced the compensation a paralyzed northeast Iowa man received from a jury in a lawsuit against an insurance company even while finding the company’s actions were “reprehensible.” Des...
Posted: Mar 02, 2020
Apple Inc. has agreed to pay up to $500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries. The preliminary proposed class-action settlemen...
Posted: Mar 02, 2020
Even as U.S. officials warn of an inevitable outbreak of coronavirus in the United States, and are alerting Americans to take precautions, some health agencies charged with protecting the public appear unprepared to deal with the threat. Barely more...
Posted: Mar 02, 2020
Autopilot, Super Cruise and Drive Pilot are different names given to technology that automates steering and braking in a growing number of vehicles, but none of it can safely “pilot” cars without regular human intervention. These systems and the pote...
Posted: Mar 02, 2020
For the second year in a row, much of the U.S. is primed to suffer multi-billion dollar flood losses, with farmers already steeling themselves for planting delays. Relentless storms that have marched across the Midwest and into the South this …
Posted: Mar 02, 2020
U.S. regulators have told Boeing Co. that pilots may require additional training to properly respond to emergencies on the 737 Max after airline crews failed to perform proper procedures in simulator tests. In a Feb. 19 letter to Boeing reviewed …
Posted: Mar 02, 2020
Nationwide Teams With Notion for Smart Home Monitoring Nationwide has teamed up with Notion to offer smart home monitoring products to policyholders to guard against theft, fire and water damage. The Notion smart home monitoring system uses sensors w...
Posted: Mar 02, 2020
Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019, but also led to the first upswing in claims activity in several years, Ames & Gough said in a report this week. The brokerage, based in...
Posted: Mar 02, 2020
PHOENIX — A Phoenix woman who was out of jail on reduced bail while awaiting trial on murder and other charges in a fatal wrong-way DUI crash on a freeway was arrested and charged in a second DUI wreck, authorities …
Posted: Feb 28, 2020
Johnson & Johnson and other drug companies facing thousands of lawsuits over their role in the opioid epidemic have warned that settlement talks will be “severely” jeopardized if plaintiffs’ lawyers are allowed to assess a fee payment worth billions...
Posted: Feb 28, 2020
German drugs and pesticides company Bayer was at pains on Thursday to quell expectations it was nearing an out-of-court settlement laying to rest claims its glyphosate-based cause cancer. Bayer said after publishing its earnings outlook for 2020 it w...
Posted: Feb 28, 2020
The Diocese of Buffalo, New York, filed for Chapter 11 bankruptcy protection, citing child abuse lawsuits that resulted in financial uncertainty. New York State passed legislation in January 2019 that modified the statute of limitations on child abus...
Posted: Feb 28, 2020
Johnson & Johnson was ordered by a Florida jury to pay $9 million to an 82-year-old woman who blamed asbestos-tainted talc for her cancer, the latest court loss for the company in U.S. litigation over its iconic baby powder. Jurors …
Posted: Feb 28, 2020
California regulators increased penalties against PG&E Corp. to $2.1 billion for violations tied to the catastrophic wildfires ignited by the company’s power lines in 2017 and 2018. The penalty would be the largest ever imposed by the California Publ...
Posted: Feb 28, 2020
You wouldn’t know it from news coverage in the aftermath of Texas hailstorms or Florida hurricanes, but U.S. homeowner insurers are doing a better job than ever of pleasing their customers when responding to claims, according to J.D. Power. Results …
Posted: Feb 28, 2020
You wouldn’t know it from news coverage in the aftermath of Texas hailstorms or Florida hurricanes, but U.S. homeowner insurers are doing a better job than ever of pleasing their customers when responding to claims, according to J.D. Power. Results …
Posted: Feb 28, 2020
Instead of blocking hackers, a new cybersecurity defense approach developed by University of Texas at Dallas computer scientists actually welcomes them. The method, called DEEP-Dig (DEcEPtion DIGging), ushers intruders into a decoy site so the comput...
Posted: Feb 28, 2020
BISMARCK, N.D. — A new program designed to streamline required oilfield safety training in North Dakota has drawn thousands of people, but some say the training is redundant and time-consuming. More than 16,000 people have participated in the One Bas...
Posted: Feb 27, 2020