Archive for April 2020

President Donald Trump on Friday staked out his position in a legal battle over business-interruption claims: Unless the policy excludes pandemics, insurers should pay. Trump spoke about the issue for a minute and a half during his daily coronavirus task … Source: Claims Journal

Insurance firms have started covering charter flights to carry gold, helping to ease logjams in the bullion supply chain that caused prices to diverge sharply in different markets, the London Bullion Market Association said on Thursday. Gold is usually moved … Source: Claims Journal

NEW YORK — Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling. Oil demand … Source: Claims Journal

BERKELEY, Calif. — A federal judge has refused to put his stamp of approval on a letter to Northern California wildfire victims from attorneys who allege that Pacific Gas & Electric may be breaking its promises as it tries to … Source: Claims Journal

Coronavirus-themed phishing attacks have become so pervasive that the governments of the U.S. and U.K. issued a joint warning Wednesday about their growing use. Advanced hacking groups seek to further “long-standing priorities” including espionage and “hack and leak” campaigns while … Source: Claims Journal

Some of the workers who help produce America’s food are starting to die because of the coronavirus. At least three people who worked at plants owned by top U.S. meat packer Tyson Foods Inc. and a local unit of Brazil’s … Source: Claims Journal

Before the pandemic, 100,000 seafarers traveled in and out of the world’s ports every month. Some had spent weeks or months aboard the cargo ships, tankers and other merchant vessels that are essential to moving products and commodities across the … Source: Claims Journal

Will COVID-19 impact subrogation? Like so much else, the answer is “yes.” The global effect of COVID-19 is unlike any event in human history. More than 4 billion people—over half of the world’s population—are currently under confinement measures. In just … Source: Claims Journal

The economic loss rule established by Texas courts bars recovery for an insurance company that sought nearly $8 million in damages from a company that installed faulty software that led to extensive damages to an electric utility’s generating equipment, a … Source: Claims Journal

Geico Corp, part of billionaire Warren Buffett’s Berkshire Hathaway Inc, said on Tuesday it will offer about $2.5 billion of credits to its 19 million auto and motorcycle policyholders, reflecting the decline in driving stemming from the coronavirus pandemic. The … Source: Claims Journal