Archive for April 2020

Property and casualty insurer Travelers Cos. Inc. reported a 25% drop in quarterly profit on Tuesday and warned that potential claims tied to compensation coverage for furloughed and laid-off employees would hit results for the year. The coronavirus pandemic has … Source: Claims Journal

Major U.S. business lobbying groups are asking Congress to pass measures that would protect companies large and small from coronavirus-related lawsuits when states start to lift pandemic restrictions and businesses begin to reopen. Their concerns have the ears of congressional … Source: Claims Journal

A union representing New York nurses sued Montefiore Medical Center and Westchester Medical Center for failing to safeguard its members and their families, as health care workers across the country demand personal protective equipment in the pandemic. The New York … Source: Claims Journal

Businesses across the country have been forced to temporarily close or adjust operations in compliance with stay-at-home orders and social distancing regulations as government leaders strive to reduce the spread of COVID-19. Some industries have been impacted more than others, … Source: Claims Journal

NEW ORLEANS — Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling in deeper and deeper waters, where payoffs can be huge but risks are greater … Source: Claims Journal

JAY, Maine — State and federal investigators began searching Thursday for the cause of a paper mill explosion that shook the ground and sent debris and a slurry of chemicals raining down on nearby cars and buildings. Elation over the … Source: Claims Journal

The world’s seas are simmering, with record high temperatures spurring worry among forecasters that the global warming effect may generate a chaotic year of extreme weather ahead. Parts of the Atlantic, Pacific and Indian Oceans all hit the record books … Source: Claims Journal

Cognizant Technology Solutions Corp on Saturday said it was hit by a “Maze” ransomware cyber attack, resulting in service disruptions for some of its clients. The information technology services provider said it was taking steps to contain the incident, with … Source: Claims Journal

Twitter Inc will not be able to reveal surveillance requests it received from the U.S. government after a federal judge accepted government arguments that this was likely to harm national security after a near six-year long legal battle. The social … Source: Claims Journal

Businesses that have suspended operations due to COVID-19 but continue to pay employees who are at home but not working will not have to include the payroll paid to these employees in the calculation of their workers’ compensation premium. The … Source: Claims Journal