Archive for May 2020

CHARLESTON, W.Va. — The Centers for Disease Control and Prevention told West Virginia officials that respirator masks distributed to 50,000 first responders might be counterfeit, but officials decided to leave them in use, according to a report. After the warning, … Source: Claims Journal

LONDON — Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July, a member of a policyholder action group said on Thursday. The Hiscox Action Group, which is seeking to … Source: Claims Journal

LONDON — Forcing retroactive payouts to cover business disruption losses resulting from the coronavirus pandemic could ultimately put financial stability at risk, global insurance regulators said. Disputes over cover for businesses struggling to stay afloat during coronavirus lockdowns have erupted … Source: Claims Journal

FRANKFURT — Munich Re said on Thursday it expected to receive claims for canceled or postponed events because of the coronavirus crisis in excess of 1 billion euros ($1.08 billion) this year after it posted a 65% drop in first-quarter … Source: Claims Journal

An insurer that failed to pay a claim within 60 days cannot be considered the prevailing party even if a claimant is eventually awarded less than the carrier’s settlement offer, a divided Oklahoma Supreme Court ruled. The 6-3 opinion marks … Source: Claims Journal

Cyber-attacks trying to trick bank employees to click on malicious links jumped in the first quarter, with criminals attempting to take advantage of fear and confusion caused by the coronavirus pandemic. While the so-called phishing campaigns, which surged by a … Source: Claims Journal

The maker of an app that allows people to anonymously post everything from family secrets to stories of infidelity was sued for exposing almost 900 million user records on the internet. Three women — who said they started using the … Source: Claims Journal

ATLANTA — As girls, Nadia Williams and her sister spent countless hours imagining their weddings. Now 30, Williams helped her younger sibling plan her big day, but when it came on Friday, she couldn’t be at her side as maid … Source: Claims Journal

The U.S. government is estimating that traffic deaths fell 1.2% last year to 36,120, the third year in a row that fatalities dropped. The National Highway Traffic Safety Administration says pedestrian deaths fell 2% compared with 2018 figures, while motorcyclist … Source: Claims Journal

MEXICO CITY — Workers at a Lear Corp autoparts plant in northern Mexico that saw the worst known coronavirus outbreak of any factory in the Americas are now bracing to be sent back to work. They just don’t know when, … Source: Claims Journal