Archive for June 2020
Ryanair Must Face U.S. Shareholder Lawsuit Over Unionization Comments
NEW YORK — Ryanair Holdings Plc and Chief Executive Michael O’Leary failed to persuade a U.S. judge to dismiss a securities fraud lawsuit accusing Europe’s largest budget airline of defrauding them by downplaying its willingness to recognize labor unions. While … Source: Claims Journal
Read MoreFlyers May Soon See Iris Scans, Socially Distanced Searches
Travelers returning to flying after coronavirus lockdowns ease can expect a very different experience than before the pandemic hit. The International Civil Aviation Organization has issued guidelines to regulators and operators on how to restart the global air-transport system. The … Source: Claims Journal
Read MoreInsured Losses from Riots Reach ‘Catastrophe’ Levels, May Rival Record
Rioting that erupted in cities across the United States after the Memorial Day death of George Floyd in Minneapolis may rival the 1992 Los Angeles riots to become the most costly civil disorder in United States history. The civil disturbance … Source: Claims Journal
Read MoreProtests Hammer U.S. Cities Still Recovering From Lockdown
The reopening of America was always going to be fraught, with competing fears of new virus outbreaks and economic meltdown. Now cities across the nation, from New York to Chicago to Los Angeles, are reeling from unrest that could worsen … Source: Claims Journal
Read MoreFlooded Michigan City is Midcentury Architecture Mecca
MIDLAND, Mich. — Christopher Jue knew he was home the moment he and his wife stepped inside the sprawling 62-year-old ranch with brick floors, a sunken living room and built-in desks, shelves and bureaus –hallmarks of an Alden B. Dow … Source: Claims Journal
Read MoreNSA Warns of Ongoing Russian Hacking Campaign Against U.S. Systems
The U.S. National Security Agency on Thursday warned government partners and private companies about a Russian hacking operation that uses a special intrusion technique to target operating systems often used by industrial firms to manage computer infrastructure. “This is a … Source: Claims Journal
Read MoreHurricanes May Cause More Pain For Pandemic-hit Insurers
The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their underwriting and investment positions. However, recent years of hefty damage … Source: Claims Journal
Read MoreLexington Insurance Wins Texas Battle of Hurricane Harvey Deductibles
In a case of competing deductibles, a federal appeals court has sided with an insurer and against the owner of two Houston office buildings, holding that a larger windstorm deductible applied to flood damage caused by Hurricane Harvey rather than … Source: Claims Journal
Read MoreSign Here First: U.S. Salons, Gyms, Offices Require Coronavirus Waivers
As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering. From hair salons and recreation centers to stock exchanges and wedding photographers, the notices have … Source: Claims Journal
Read MoreAircraft Makers Go Digital to Fight Coronavirus Delivery Logjam
MILAN, Italy — Helicopter and jet makers are turning to digital technology so customers can inspect their big-ticket purchases remotely before taking delivery, as they strive to push through deals paralyzed by the coronavirus pandemic and bring in much needed … Source: Claims Journal
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