Archive for March 2020
Ford’s Plan to Gradually Reopen U.S. Factories Concerns UAW
Ford Motor Co.’s plan to restart production at some of its most important U.S. plants roughly a month after they shut down will have to overcome immediate skepticism from the United Auto Workers union. After halting North American production as … Source: Claims Journal
Read MoreInsurers Brace For Coronavirus Hit to ‘Event Driven’ D&O Line
What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed this month — one against a cruise line and another against a pharmaceutical company that claimed to have developed a vaccine for COVID-19. There are … Source: Claims Journal
Read MorePG&E Fire Victims Warn Market Turmoil Endangers Their Settlement
Market turmoil from the coronavirus is spilling into the bankruptcy of California power giant PG&E Corp. Victims of wildfires blamed on PG&E’s equipment are concerned the sell-off on Wall Street could hobble stock payments that make up half of a … Source: Claims Journal
Read MoreNative American Casino Owner Sues Lloyd’s, AIG Over Coronavirus Losses
A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance. Among the defendants named in … Source: Claims Journal
Read MoreThe Pandemic Has Started Weakening the World’s Weather Forecasts
The pandemic that has idled scores of commercial flights is having a little-noticed consequence for meteorologists, whose forecasts rely in part on data collected from planes. That means a crucial eye in the sky has weakened just as spring flood … Source: Claims Journal
Read MoreTwo Fiat Chrysler Workers Die After Positive Virus Tests
Two workers at Fiat Chrysler Automobiles NV factories who tested positive for the coronavirus have died, according to the United Auto Workers union. One of the employees worked at Fiat Chrysler’s truck assembly plant in Sterling Heights, Michigan, and the … Source: Claims Journal
Read MoreVital But Vulnerable, Cleaners Hold the Line Against a Virus
NEW YORK — When hospitals need to prep a room for the next coronavirus test, when jetliners discharge their passengers at the gate, when suburbanites start to take sanitary precautions more seriously, the call goes out: Send in the cleaners. … Source: Claims Journal
Read MoreLouisiana Flood Victims Owed Over $300 Million Sue State
BATON ROUGE, La. — A group of Louisiana flood victims who have been owed over $300 million for the past decade have filed a lawsuit against the state for failure to pay. The Advocate reports that Tangipahoa Parish home and … Source: Claims Journal
Read MoreUtah Residents Still Reporting Damage Days After Earthquake
SALT LAKE CITY — Five days after a magnitude 5.7 earthquake shook parts of Utah, residents continue to report damage. The Greater Salt Lake Municipal Services District asked those within its boundaries to submit online notices of home or business … Source: Claims Journal
Read MoreInsurer Paid Claim to Avoid Bad Faith; Reimbursed Because of Misrepresentation
The 10th Circuit Court of Appeals endorsed a clever way for an insurer to avoid a bad faith claim where there were potential misrepresentations in the policy application. In Evanston Insurance Company v. Aminokit Labs, Inc., the court affirmed a … Source: Claims Journal
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