Archive for January 2021

Volkswagen AG and a German auto supplier on Tuesday asked the U.S. Supreme Court to reverse a lower-court ruling that said two counties could seek financial penalties over excess diesel emissions that could total billions of dollars. The German automaker’s … Source: Claims Journal

The airline industry has called on the World Health Organization to rule it’s safe for people to fly without quarantining once they’ve had a coronavirus vaccine. Acknowledgement of that principle from the United Nations agency is vital to the development … Source: Claims Journal

Florida businesses would be protected from coronavirus lawsuits if they made a good effort to follow state-issued guidelines to prevent the spread of COVID-19 under a proposal approved Monday at its first Senate committee stop. While Republican Gov. Ron DeSantis … Source: Claims Journal

Through the end 2020 property/casualty insurers have paid or reserved $7.7 billion on claims of all types in Louisiana through the end of 2020 from Hurricanes Laura, Delta and Zeta, the state insurance department reported. This data represents the first … Source: Claims Journal

LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six months until the Games are … Source: Claims Journal

The New Jersey Supreme Court on Wednesday ended an effort by Lloyd’s of London syndicates and other insurers to escape coverage for an additional $300 million in Superstorm Sandy damages suffered by the New Jersey Transit District. The high court … Source: Claims Journal

With U.S. lumber prices at fresh record highs, construction companies and wood wholesalers are buying just enough to get by, threatening to make price swings even bigger. Lumber futures in Chicago reached a record $855.10 per 1,000 board feet on … Source: Claims Journal

Thousands of users across the U.S. East Coast faced widespread internet outage from providers including Verizon Communications Inc on Tuesday, disrupting services offered by Google, Amazon, Zoom, Slack and other tech firms. Verizon, a major broadband services provider in the … Source: Claims Journal

LOS ANGELES (AP) — Southern California Edison will pay $2.2 billion to settle insurance claims from a deadly, destructive wildfire sparked by its equipment in 2018, the utility announced Monday. Edison, which acknowledged no wrongdoing, said the agreement covers all … Source: Claims Journal

OMAHA, Neb. (AP) — A major winter storm dropped more than a foot of snow on parts of Nebraska and Iowa, disrupting traffic and shuttering some schools, while blanketing other parts of the middle of the country with snow that … Source: Claims Journal