Archive for January 2020

Travelers Companies Inc. has set aside a “modest” amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer’s finance chief, Daniel Frey, told analysts during an earnings call on Thursday. Two analysts asked about Travelers’ … Source: Claims Journal

It’s called bend-and-stretch, a sequence of exercises that all Mortenson and Scull construction crews participate in before starting their day working on the Rushmore Plaza Civic Center arena project. “It is how we start our day, every single day,” Max … Source: Claims Journal

An insurer cannot ignore a $4,869.99 bill for a tube of compounded pain cream on the grounds that the medication is unnecessary without first filing a utilization review petition, a Pennsylvania appellate court ruled. The decision Thursday by the Commonwealth … Source: Claims Journal

BIRMINGHAM, Ala. — The mother of a 9-year-old girl who took her own life filed suit last week blaming the fourth-grader’s death on educators she accused of ignoring the girl’s complaints about months of bullying by a boy. Administrators and … Source: Claims Journal

In an effort to settle tens of thousands of claims that Bayer AG’s Roundup weedkiller causes cancer, lawyers for some plaintiffs are discussing with the company deals that could lead to a total payout of about $10 billion, according to … Source: Claims Journal

LEBANON, Ohio — Something wasn’t right with the Rhino. Reports started trickling in to the Consumer Product Safety Commission (CPSC) in 2005 of people being killed or injured in the Yamaha Motor Co. off-road vehicles when they tipped over. But … Source: Claims Journal

Toyota Motor Corp. said on Tuesday it will recall 3.4 million vehicles worldwide because of an electronic defect that can result in air bags not deploying in crashes. The recall, which includes 2.9 million U.S. vehicles, covers 2011-2019 Corolla, 2011-2013 … Source: Claims Journal

The investigation and related lawsuits about alleged sexual abuse decades ago by an Ohio State University team doctor have cost nearly $10 million so far, according to the school. The total was about $9.8 million as of December, school spokesman … Source: Claims Journal

Marsh, one of the world’s largest insurance brokers and risk advisers, has seen a spike in clients’ inquiries for political violence cover in the Gulf after attacks on tankers and oil installations rattled the region last year, an executive said. … Source: Claims Journal

MARSHALLTOWN, Iowa— It took 23 minutes for the July 2018 tornado to rip a path through Marshalltown resulting in millions of dollars in property damage. Like many homes and private businesses, city and county properties were not spared from the … Source: Claims Journal