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CLAIMS JOURNAL
Latest News. Pipeline CEO: Ransom Payment Among My ‘Toughest Decisions’ Volkswagen to Get $351M in Dieselgate Settlement With Former Execs; Global Glitch: Swaths of Internet Go Down After SHELL ON TRIAL AS COURT WEIGHS ITS CLIMATE RESPONSIBILITY Shell on Trial as Court Weighs Its Climate Responsibility. A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case U.S. SAYS RANSOMWARE ATTACK ON MEATPACKER JBS LIKELY FROM The disruption to JBS’s operations have already had an impact, analysts said. U.S. meatpackers slaughtered 94,000 cattle on Tuesday,down 22% from a
TEXAS SUPREME CT. APPROVES DISCOVERY FOR DOCUMENTS RELATED St. Camillus Medical Center, Pine Creek Medical Center, and Dr. Andrew Indresano filed a motion to quash the motion as overly broad. JudgeJames R.
WORKERS’ COMPENSATION AND COVID: MORE DATA ON EVOLVING CLAIMS Stanger also presented claims data by age of worker, reporting that 85 percent of Safety National’s claims related to workers aged 20-55 and that the average incurred amount of the claims was SETTLING SUBROGATION CLAIMS AND THE DREADED RELEASE The bane of any subrogation professional’s existence is the dreaded release. It is no coincidence that when Zeus uttered the words, “Release the Kraken!” in the 1981 fantasy adventure film JUDGE RAISES DOUBTS AHEAD OF HEARING ON BAYER’S $2B Judge Raises Doubts Ahead of Hearing on Bayer’s $2B Roundup Settlement Deal. A federal judge on Tuesday questioned a $2 billionproposal by Bayer
CYBERCOPS DERAIL MALWARE BOTNET, FBI MAKES RANSOMWARE ARREST Cybercops Derail Malware Botnet, FBI Makes Ransomware Arrest. THE HAGUE, Netherlands (AP) — European and North American cyber cops have joined forces to BUSINESS INCOME INSURANCE COVERS CONTINUING EXPENSES Business Income means the: a. Net Income (Net Profit or Loss before income taxes) that would have been earned or incurred; and. b.Continuing
WHAT QUALIFIES AS AN INSURED COLLAPSE? The policy in Walsh defined the term “collapse” as “an abrupt falling down or caving in of the building or any part of a building with the result that the building or part of the buildingCLAIMS JOURNAL
Latest News. Pipeline CEO: Ransom Payment Among My ‘Toughest Decisions’ Volkswagen to Get $351M in Dieselgate Settlement With Former Execs; Global Glitch: Swaths of Internet Go Down After SHELL ON TRIAL AS COURT WEIGHS ITS CLIMATE RESPONSIBILITY Shell on Trial as Court Weighs Its Climate Responsibility. A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case U.S. SAYS RANSOMWARE ATTACK ON MEATPACKER JBS LIKELY FROM The disruption to JBS’s operations have already had an impact, analysts said. U.S. meatpackers slaughtered 94,000 cattle on Tuesday,down 22% from a
TEXAS SUPREME CT. APPROVES DISCOVERY FOR DOCUMENTS RELATED St. Camillus Medical Center, Pine Creek Medical Center, and Dr. Andrew Indresano filed a motion to quash the motion as overly broad. JudgeJames R.
WORKERS’ COMPENSATION AND COVID: MORE DATA ON EVOLVING CLAIMS Stanger also presented claims data by age of worker, reporting that 85 percent of Safety National’s claims related to workers aged 20-55 and that the average incurred amount of the claims was SETTLING SUBROGATION CLAIMS AND THE DREADED RELEASE The bane of any subrogation professional’s existence is the dreaded release. It is no coincidence that when Zeus uttered the words, “Release the Kraken!” in the 1981 fantasy adventure film JUDGE RAISES DOUBTS AHEAD OF HEARING ON BAYER’S $2B Judge Raises Doubts Ahead of Hearing on Bayer’s $2B Roundup Settlement Deal. A federal judge on Tuesday questioned a $2 billionproposal by Bayer
CYBERCOPS DERAIL MALWARE BOTNET, FBI MAKES RANSOMWARE ARREST Cybercops Derail Malware Botnet, FBI Makes Ransomware Arrest. THE HAGUE, Netherlands (AP) — European and North American cyber cops have joined forces to BUSINESS INCOME INSURANCE COVERS CONTINUING EXPENSES Business Income means the: a. Net Income (Net Profit or Loss before income taxes) that would have been earned or incurred; and. b.Continuing
WHAT QUALIFIES AS AN INSURED COLLAPSE? The policy in Walsh defined the term “collapse” as “an abrupt falling down or caving in of the building or any part of a building with the result that the building or part of the building CANADA PROPOSES TO SETTLE INDIGENOUS LAWSUIT AFTER Under the latest agreement, the government will provide C$10,000 ($8,259.00) to each survivor involved in the class action lawsuit and create a C$50 million indigenous-led CALIFORNIA WORKER BOARD TO AGAIN RECONSIDER MASK STANDARDS SACRAMENTO, Calif. (AP) -- California's workplace regulators are set to again reconsider controversial masking rules designed to protectemployees against
DATA RECOVERED AS SHIP WITH CHEMICALS SINKING OFF SRI LANKA COLOMBO, Sri Lanka (AP) — Experts recovered the data recorder of a fire-ravaged ship carrying chemicals that is slowly sinking off Sri Lanka’s capital, as salvage crews stood by to head off a GLOBAL WAR ON RANSOMWARE? HURDLES HINDER THE US RESPONSE The answer is that there are numerous technological, legal and diplomatic hurdles to going after ransomware gangs. Until recently, it just hasn’t been a high priority for the U.S. government. REGULATORS WITHDRAW CONTROVERSIAL CALIFORNIA WORK MASK RULES 1 day ago · SACRAMENTO, Calif. (AP) — California’s workplace regulators have withdrawn a controversial pending mask regulation while they consider a rule that more closely aligns with Gov. GavinNewsom
WISC. SUPREME: NO COVERAGE FOR WIFE AFTER HUSBAND TORCHES Ismet Islami's estranged husband burned down her house in 2013. All parties involved agreed that she played no part in the arson. In fact,she was out of
VOLKSWAGEN TO GET $351M IN DIESELGATE SETTLEMENT WITH The settlement marks a major milestone in Volkswagen’s efforts to turn a page on its biggest ever corporate scandal, which has cost it more than 32 billion euros in vehicle refits, fines and OFFICIAL: DEATH TOLL RISES TO 65 IN PAKISTAN TRAIN COLLISION GHOTKI, Pakistan (AP) — The death toll from a horrific collision of two trains in southern Pakistan rose to 65 on Tuesday after rescuers pulled 15 more bodies from DEMOCRATS PUSH BILL AIMED AT FAMILY THAT OWNS PURDUE PHARMA A congressional committee heard grievances Tuesday against the owners of OxyContin maker Purdue Pharma as it considered longshot legislation that would keep them from using a COLO. SUPREME CT. RULING EXPANDS USE OF SIDE AGREEMENTS BY An insurer cannot intervene in a construction defects case where the insured had assigned its rights to collect under its policy to the plaintiff, a divided Colorado Supreme Court ruled.CLAIMS JOURNAL
Latest News. Pipeline CEO: Ransom Payment Among My ‘Toughest Decisions’ Volkswagen to Get $351M in Dieselgate Settlement With Former Execs; Global Glitch: Swaths of Internet Go Down After SHELL ON TRIAL AS COURT WEIGHS ITS CLIMATE RESPONSIBILITY Shell on Trial as Court Weighs Its Climate Responsibility. A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case U.S. SAYS RANSOMWARE ATTACK ON MEATPACKER JBS LIKELY FROM The disruption to JBS’s operations have already had an impact, analysts said. U.S. meatpackers slaughtered 94,000 cattle on Tuesday,down 22% from a
TEXAS SUPREME CT. APPROVES DISCOVERY FOR DOCUMENTS RELATED St. Camillus Medical Center, Pine Creek Medical Center, and Dr. Andrew Indresano filed a motion to quash the motion as overly broad. JudgeJames R.
WORKERS’ COMPENSATION AND COVID: MORE DATA ON EVOLVING CLAIMS Stanger also presented claims data by age of worker, reporting that 85 percent of Safety National’s claims related to workers aged 20-55 and that the average incurred amount of the claims was SETTLING SUBROGATION CLAIMS AND THE DREADED RELEASE The bane of any subrogation professional’s existence is the dreaded release. It is no coincidence that when Zeus uttered the words, “Release the Kraken!” in the 1981 fantasy adventure film JUDGE RAISES DOUBTS AHEAD OF HEARING ON BAYER’S $2B Judge Raises Doubts Ahead of Hearing on Bayer’s $2B Roundup Settlement Deal. A federal judge on Tuesday questioned a $2 billionproposal by Bayer
CYBERCOPS DERAIL MALWARE BOTNET, FBI MAKES RANSOMWARE ARREST Cybercops Derail Malware Botnet, FBI Makes Ransomware Arrest. THE HAGUE, Netherlands (AP) — European and North American cyber cops have joined forces to BUSINESS INCOME INSURANCE COVERS CONTINUING EXPENSES Business Income means the: a. Net Income (Net Profit or Loss before income taxes) that would have been earned or incurred; and. b.Continuing
WHAT QUALIFIES AS AN INSURED COLLAPSE? The policy in Walsh defined the term “collapse” as “an abrupt falling down or caving in of the building or any part of a building with the result that the building or part of the buildingCLAIMS JOURNAL
Latest News. Pipeline CEO: Ransom Payment Among My ‘Toughest Decisions’ Volkswagen to Get $351M in Dieselgate Settlement With Former Execs; Global Glitch: Swaths of Internet Go Down After SHELL ON TRIAL AS COURT WEIGHS ITS CLIMATE RESPONSIBILITY Shell on Trial as Court Weighs Its Climate Responsibility. A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case U.S. SAYS RANSOMWARE ATTACK ON MEATPACKER JBS LIKELY FROM The disruption to JBS’s operations have already had an impact, analysts said. U.S. meatpackers slaughtered 94,000 cattle on Tuesday,down 22% from a
TEXAS SUPREME CT. APPROVES DISCOVERY FOR DOCUMENTS RELATED St. Camillus Medical Center, Pine Creek Medical Center, and Dr. Andrew Indresano filed a motion to quash the motion as overly broad. JudgeJames R.
WORKERS’ COMPENSATION AND COVID: MORE DATA ON EVOLVING CLAIMS Stanger also presented claims data by age of worker, reporting that 85 percent of Safety National’s claims related to workers aged 20-55 and that the average incurred amount of the claims was SETTLING SUBROGATION CLAIMS AND THE DREADED RELEASE The bane of any subrogation professional’s existence is the dreaded release. It is no coincidence that when Zeus uttered the words, “Release the Kraken!” in the 1981 fantasy adventure film JUDGE RAISES DOUBTS AHEAD OF HEARING ON BAYER’S $2B Judge Raises Doubts Ahead of Hearing on Bayer’s $2B Roundup Settlement Deal. A federal judge on Tuesday questioned a $2 billionproposal by Bayer
CYBERCOPS DERAIL MALWARE BOTNET, FBI MAKES RANSOMWARE ARREST Cybercops Derail Malware Botnet, FBI Makes Ransomware Arrest. THE HAGUE, Netherlands (AP) — European and North American cyber cops have joined forces to BUSINESS INCOME INSURANCE COVERS CONTINUING EXPENSES Business Income means the: a. Net Income (Net Profit or Loss before income taxes) that would have been earned or incurred; and. b.Continuing
WHAT QUALIFIES AS AN INSURED COLLAPSE? The policy in Walsh defined the term “collapse” as “an abrupt falling down or caving in of the building or any part of a building with the result that the building or part of the building GLOBAL WAR ON RANSOMWARE? HURDLES HINDER THE US RESPONSE The answer is that there are numerous technological, legal and diplomatic hurdles to going after ransomware gangs. Until recently, it just hasn’t been a high priority for the U.S. government. DATA RECOVERED AS SHIP WITH CHEMICALS SINKING OFF SRI LANKA COLOMBO, Sri Lanka (AP) — Experts recovered the data recorder of a fire-ravaged ship carrying chemicals that is slowly sinking off Sri Lanka’s capital, as salvage crews stood by to head off a COLO. SUPREME CT. RULING EXPANDS USE OF SIDE AGREEMENTS BY An insurer cannot intervene in a construction defects case where the insured had assigned its rights to collect under its policy to the plaintiff, a divided Colorado Supreme Court ruled. REGULATORS WITHDRAW CONTROVERSIAL CALIFORNIA WORK MASK RULES 1 day ago · SACRAMENTO, Calif. (AP) — California’s workplace regulators have withdrawn a controversial pending mask regulation while they consider a rule that more closely aligns with Gov. GavinNewsom
U.S. SUPREME COURT REBUFFS J&J APPEAL OVER $2B BABY POWDER The Missouri Court of Appeals, an intermediate state appellate court, last year ruled against J&J’s bid to throw out the compensatory and punitive damages awarded to the plaintiffs but reduced VOLKSWAGEN TO GET $351M IN DIESELGATE SETTLEMENT WITH The settlement marks a major milestone in Volkswagen’s efforts to turn a page on its biggest ever corporate scandal, which has cost it more than 32 billion euros in vehicle refits, fines and OFFICIAL: DEATH TOLL RISES TO 65 IN PAKISTAN TRAIN COLLISION GHOTKI, Pakistan (AP) — The death toll from a horrific collision of two trains in southern Pakistan rose to 65 on Tuesday after rescuers pulled 15 more bodies from GLOBAL STING: SECURE FBI-RUN MESSAGING NETWORK TRICKS CROOKS The seeds of the sting were sown in 2018 when law enforcement agencies took down a company called Phantom Secure that provided customized end WISC. SUPREME: NO COVERAGE FOR WIFE AFTER HUSBAND TORCHES Ismet Islami's estranged husband burned down her house in 2013. All parties involved agreed that she played no part in the arson. In fact,she was out of
REPORT: WRONG-WAY DRIVER IN DEADLY CRASH HAD DIABETES SAN DIEGO (AP) — A woman who died when she drove the wrong way on a California freeway and hit another car, killing two San Diego policedetectives, was
SHELL ON TRIAL AS COURT WEIGHS ITS CLIMATE RESPONSIBILITY A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case that will be watched by Big Oil executives globally. TESLA PHASES OUT RADAR SENSORS, SHIFTS TO CAMERA-BASED Tesla Inc. updated its website Tuesday to announce that Model 3 and Model Y cars built for North America and shipping this month will no longer be equipped with radar. SHIPPING CONTAINERS FALL OVERBOARD AT FASTEST RATE IN There are a host of reasons for the sudden rise in accidents. Weather is getting more unpredictable, while ships are growing bigger, allowing for containers to LEGAL MALPRACTICE CLAIMS FREQUENCY REACHES PLATEAU AFTER Legal malpractice claims frequency leveled off in 2020, after two years of record payouts and total costs that approached $1 billion, according to a survey by Ames & Gough. BOY SCOUTS VICTIMS COMMITTEE SAYS CLAIMS WORTH $103 BILLION The BSA’s plan proposes a $300 million contribution by local councils to a fund for victims, about $115 million in cash and noninsurance assets from the THE TOP 5 RISKS FACING TODAY’S DIRECTORS & OFFICERS Cyber attacks and data loss are the top two risks facing directors and officers, with pandemic-related changes in working practices heightening these concerns, according to a FLORIDA BEGINS LIQUIDATION OF AMERICAN CAPITAL ASSURANCE Florida-based American Capital Assurance Corp. is officially in receivership and is in the process of being liquidated after being deemed insolvent by Florida’s insurance regulator earlier this MENTAL HEALTH DRUG PRESCRIPTIONS RISING The number of Americans taking mental health prescription medication is up 6.4% in the last year, which means that 65 million people (1 in5) are now
FORENSICS FIRM SAYS DISINFECTANT FOGGERS CAN DAMAGE A forensic engineering firm is warning that using foggers to disperse disinfectants — a common practice as businesses reopen after COVID-19 closures — MASTERING THE BLUE RIDGE SETTLEMENT RESERVATION OF RIGHTS To understand the unique aspects of a Blue Ridge reservation of rights addresses, it helps to re-visit Blue Ridge’s facts. A very serious personal injury took place (due to a dog mauling). The SHELL ON TRIAL AS COURT WEIGHS ITS CLIMATE RESPONSIBILITY A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case that will be watched by Big Oil executives globally. TESLA PHASES OUT RADAR SENSORS, SHIFTS TO CAMERA-BASED Tesla Inc. updated its website Tuesday to announce that Model 3 and Model Y cars built for North America and shipping this month will no longer be equipped with radar. SHIPPING CONTAINERS FALL OVERBOARD AT FASTEST RATE IN There are a host of reasons for the sudden rise in accidents. Weather is getting more unpredictable, while ships are growing bigger, allowing for containers to LEGAL MALPRACTICE CLAIMS FREQUENCY REACHES PLATEAU AFTER Legal malpractice claims frequency leveled off in 2020, after two years of record payouts and total costs that approached $1 billion, according to a survey by Ames & Gough. BOY SCOUTS VICTIMS COMMITTEE SAYS CLAIMS WORTH $103 BILLION The BSA’s plan proposes a $300 million contribution by local councils to a fund for victims, about $115 million in cash and noninsurance assets from the THE TOP 5 RISKS FACING TODAY’S DIRECTORS & OFFICERS Cyber attacks and data loss are the top two risks facing directors and officers, with pandemic-related changes in working practices heightening these concerns, according to a FLORIDA BEGINS LIQUIDATION OF AMERICAN CAPITAL ASSURANCE Florida-based American Capital Assurance Corp. is officially in receivership and is in the process of being liquidated after being deemed insolvent by Florida’s insurance regulator earlier this MENTAL HEALTH DRUG PRESCRIPTIONS RISING The number of Americans taking mental health prescription medication is up 6.4% in the last year, which means that 65 million people (1 in5) are now
FORENSICS FIRM SAYS DISINFECTANT FOGGERS CAN DAMAGE A forensic engineering firm is warning that using foggers to disperse disinfectants — a common practice as businesses reopen after COVID-19 closures — MASTERING THE BLUE RIDGE SETTLEMENT RESERVATION OF RIGHTS To understand the unique aspects of a Blue Ridge reservation of rights addresses, it helps to re-visit Blue Ridge’s facts. A very serious personal injury took place (due to a dog mauling). The PIPELINE CEO: RANSOM PAYMENT AMONG MY ‘TOUGHEST DECISIONS’ 9 hours ago · WASHINGTON (AP) — The chief executive of the massive fuel pipeline hit by ransomware last month told senators on Tuesdaythat authorizing a
DATA RECOVERED AS SHIP WITH CHEMICALS SINKING OFF SRI LANKA COLOMBO, Sri Lanka (AP) — Experts recovered the data recorder of a fire-ravaged ship carrying chemicals that is slowly sinking off Sri Lanka’s capital, as salvage crews stood by to head off a OFFICIAL: DEATH TOLL RISES TO 65 IN PAKISTAN TRAIN COLLISION 10 hours ago · GHOTKI, Pakistan (AP) — The death toll from a horrific collision of two trains in southern Pakistan rose to 65 on Tuesday after rescuers pulled 15 more bodies from GLOBAL STING: SECURE FBI-RUN MESSAGING NETWORK TRICKS CROOKS 9 hours ago · The seeds of the sting were sown in 2018 when law enforcement agencies took down a company called Phantom Secure that provided customized end MEET TONY, THE GOOD BOY INVESTIGATING ARSON ACROSS TENNESSEE MEMPHIS, Tenn. (AP) -- Tony is an unusual dog. He never eats his food out of a bowl, always feeding from his human's hand. He has a distinctphysical
JBS REBUFFED CALL TO BOOST CYBER SPENDING, EX-EMPLOYEES SAY 20 hours ago · A few years before it was hit by a major cyberattack, the world's largest meat producer, JBS SA, rebuffed efforts to spend more on cybersecurity because GM EXPANDS ONSTAR SERVICES BEYOND ITS VEHICLE OWNER BASE GM Chief Executive Mary Barra is pushing to extend Onstar’s reach – and its monthly subscription revenues – as part of a broader plan to expand the automaker’s sources of income beyond WISC. SUPREME: NO COVERAGE FOR WIFE AFTER HUSBAND TORCHES Ismet Islami's estranged husband burned down her house in 2013. All parties involved agreed that she played no part in the arson. In fact,she was out of
ROUGH SEAS HAMPER SRI LANKAN DIVERS EXAMINING SINKING SHIP 1 day ago · COLOMBO, Sri Lanka (AP) — Rough seas and poor underwater visibility are hampering navy divers who are trying to detect any fuel leakage from a fire-ravaged container ship carryingchemicals that
FORENSICS FIRM SAYS DISINFECTANT FOGGERS CAN DAMAGE A forensic engineering firm is warning that using foggers to disperse disinfectants — a common practice as businesses reopen after COVID-19 closures —CLAIMS JOURNAL
Latest News. Chasing Yield, U.S. Private Equity Firms Nudge Up Risk on Insurers; U.S. Supreme Court Rebuffs J&J Appeal Over $2B Baby PowderJudgment
SHELL ON TRIAL AS COURT WEIGHS ITS CLIMATE RESPONSIBILITY Shell on Trial as Court Weighs Its Climate Responsibility. A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case BOY SCOUTS VICTIMS COMMITTEE SAYS CLAIMS WORTH $103 BILLION The committee noted in its court filing that it had made a settlement offer to the Boy Scouts estimating the value of the roughly 84,000 sexual abuse claims filed in the bankruptcy at about $103 WORKERS' COMPENSATION FRAUD ARCHIVES California Chiropractor Takes Plea in $150M Workers’ Comp Fraud Scheme. A 56-year-old chiropractor has pleaded guilty for his role in a massive workers’ compensation insurance fraud and WHAT QUALIFIES AS AN INSURED COLLAPSE? Latest Case and Growing Trend Say it Must Fall Down or Cave in The scope of insurance coverage for collapse, first provided by the industry in 1954, has AUGMENTED REALITY: REVOLUTIONIZING THE CLAIMS CYCLE Augmented reality, also known as “mixed reality,” is a way of combining the real world in front of us with virtual objects and information. It is usually seen through a screen or some kind of BUSINESS INCOME INSURANCE COVERS CONTINUING EXPENSES Business Income means the: a. Net Income (Net Profit or Loss before income taxes) that would have been earned or incurred; and. b.Continuing
FITCH: ADJUSTED ASBESTOS SURVIVAL RATIO REMAINS BELOW 8 YEARS Fitch: Adjusted Asbestos Survival Ratio Remains Below 8 Years. Following a review of recent years’ asbestos related claims and litigation activity and insurers’ paid and incurred loss WHITE PAPER REVEALS IMPACT OF ATTORNEY INVOLVEMENT ON There were 50,840 claims, 14,183 of which involved attorneys, giving an overall attorney involvement rate of 28 percent. The average total claim paid among claims without attorney involvement was MASTERING THE BLUE RIDGE SETTLEMENT RESERVATION OF RIGHTS Mastering the Blue Ridge Settlement Reservation of Rights, Part 1. For decades, California insurers have been told they have a duty to accept reasonable settlement demands within their policy’sCLAIMS JOURNAL
Latest News. Chasing Yield, U.S. Private Equity Firms Nudge Up Risk on Insurers; U.S. Supreme Court Rebuffs J&J Appeal Over $2B Baby PowderJudgment
SHELL ON TRIAL AS COURT WEIGHS ITS CLIMATE RESPONSIBILITY Shell on Trial as Court Weighs Its Climate Responsibility. A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case BOY SCOUTS VICTIMS COMMITTEE SAYS CLAIMS WORTH $103 BILLION The committee noted in its court filing that it had made a settlement offer to the Boy Scouts estimating the value of the roughly 84,000 sexual abuse claims filed in the bankruptcy at about $103 WORKERS' COMPENSATION FRAUD ARCHIVES California Chiropractor Takes Plea in $150M Workers’ Comp Fraud Scheme. A 56-year-old chiropractor has pleaded guilty for his role in a massive workers’ compensation insurance fraud and WHAT QUALIFIES AS AN INSURED COLLAPSE? Latest Case and Growing Trend Say it Must Fall Down or Cave in The scope of insurance coverage for collapse, first provided by the industry in 1954, has AUGMENTED REALITY: REVOLUTIONIZING THE CLAIMS CYCLE Augmented reality, also known as “mixed reality,” is a way of combining the real world in front of us with virtual objects and information. It is usually seen through a screen or some kind of BUSINESS INCOME INSURANCE COVERS CONTINUING EXPENSES Business Income means the: a. Net Income (Net Profit or Loss before income taxes) that would have been earned or incurred; and. b.Continuing
FITCH: ADJUSTED ASBESTOS SURVIVAL RATIO REMAINS BELOW 8 YEARS Fitch: Adjusted Asbestos Survival Ratio Remains Below 8 Years. Following a review of recent years’ asbestos related claims and litigation activity and insurers’ paid and incurred loss WHITE PAPER REVEALS IMPACT OF ATTORNEY INVOLVEMENT ON There were 50,840 claims, 14,183 of which involved attorneys, giving an overall attorney involvement rate of 28 percent. The average total claim paid among claims without attorney involvement was MASTERING THE BLUE RIDGE SETTLEMENT RESERVATION OF RIGHTS Mastering the Blue Ridge Settlement Reservation of Rights, Part 1. For decades, California insurers have been told they have a duty to accept reasonable settlement demands within their policy’sCLAIMS JOURNAL
Latest News. Chasing Yield, U.S. Private Equity Firms Nudge Up Risk on Insurers; U.S. Supreme Court Rebuffs J&J Appeal Over $2B Baby PowderJudgment
S.C. SUPREME SAYS LAW VOIDS ‘STEP-DOWN’ PROVISIONS IN AUTO 1 day ago · A South Carolina Supreme Court opinion published Thursday nullifies auto insurance policy provisions that “step down” the maximum payout in instances where the insured wascommitting a
DATA RECOVERED AS SHIP WITH CHEMICALS SINKING OFF SRI LANKA 1 day ago · COLOMBO, Sri Lanka (AP) — Experts recovered the data recorder of a fire-ravaged ship carrying chemicals that is slowly sinking off Sri Lanka’s capital, as salvage crews stood by to headoff a
ROUGH SEAS HAMPER SRI LANKAN DIVERS EXAMINING SINKING SHIP 12 hours ago · COLOMBO, Sri Lanka (AP) — Rough seas and poor underwater visibility are hampering navy divers who are trying to detect any fuel leakage from a ‘ZOMBIE’ COMPANIES LIKELY TO KEEP COMMERCIAL INSURANCE 11 hours ago · The sober prediction comes as stock prices hit records and the U.S. economy appears headed for 6.5% growth this year. Yet these strengths are TRAIN BARRELS INTO ANOTHER IN PAKISTAN, KILLING AT LEAST 45 12 hours ago · GHOTKI, Pakistan (AP) -- An express train barreled into another that had derailed in Pakistan before dawn Monday, killing at least 45 people, authorities COLO. SUPREME CT. RULING EXPANDS USE OF SIDE AGREEMENTS BY An insurer cannot intervene in a construction defects case where the insured had assigned its rights to collect under its policy to the plaintiff, a divided Colorado Supreme Court ruled. MEET TONY, THE GOOD BOY INVESTIGATING ARSON ACROSS TENNESSEE 1 day ago · MEMPHIS, Tenn. (AP) -- Tony is an unusual dog. He never eats his food out of a bowl, always feeding from his human's hand. He has a distinct physical CLEARED CHICAGO PRIEST HOLDS FIRST MASS SINCE REINSTATEMENT 12 hours ago · Pfleger, 72, was placed on leave in January amid allegations from two brothers who said Pfleger sexually abused them as children starting in the 1970s. MIAMI’S SOUTH BEACH CONFRONTS DISASTROUS SPRING BREAK 11 hours ago · MIAMI BEACH, Fla. (AP) — Florida’s famed South Beach is desperately seeking a new image. With more than 1,000 arrests and nearly 100 gun seizures already during this year’s spring break* Insurance Journal
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