Archive for March 2021

TOKYO — Japanese insurer Tokio Marine Holdings Inc said on Wednesday it is investigating the validity of insurance policies provided by its Australian unit to speciality finance firm Greensill. Greensill filed for insolvency on Monday after losing insurance coverage for … Source: Claims Journal

PARIS — A fire destroyed some servers and temporarily shutdown others at OVHcloud on Wednesday, just two days after the French cloud computing firm kicked off plans for an initial public offering. Europe’s largest cloud services provider told clients including … Source: Claims Journal

DETROIT (AP) — Kia is telling owners of nearly 380,000 vehicles in the U.S. to park them outdoors due to the risk of an engine compartment fire. The Korean automaker is recalling certain 2017 through 2021 Sportage SUVs and 2017 … Source: Claims Journal

BOSTON (AP) — Victims of a massive global hack of Microsoft email server software — estimated in the tens of thousands by cybersecurity responders — hustled Monday to shore up infected systems and try to diminish chances that intruders might … Source: Claims Journal

DETROIT (AP) — Lawyers who negotiated a $641 million settlement for victims of Flint’s lead-contaminated water are asking a judge to set aside up to 32% for fees and expenses for years of work on the case. If granted, the … Source: Claims Journal

HONOLULU (AP) — Heavy rains caused a dam to overflow on the Hawaiian island of Maui, and and nearby residents in the community of Haiku are being evacuated, county officials said Monday. The National Weather Service reported 13.2 inches (33.5 … Source: Claims Journal

African swine fever is re-emerging in Asia, threatening to upend efforts to replenish national herds after the virus killed tens of millions of pigs in the region and created a huge shortage of meat protein. Fresh outbreaks have been reported … Source: Claims Journal

More than two-thirds of insurance customers are now digitally transmitting photos or videos when filing property claims, decreasing claim cycle times and helping drive the highest overall satisfaction scores ever measured, J.D. Power Associates said. The market-research firm’s 2021 U.S. … Source: Claims Journal

Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish supplier. But when the cargoes started arriving in China, all it found were containers full of painted rocks. The saga … Source: Claims Journal

Uber Technologies Inc. is spinning out Postmates’ delivery robot operation into a separate startup, marking another chapter in the ride-hailing giant’s attempts to narrow its focus and become profitable. Uber will co-lead what’s likely to be a $50 million investment … Source: Claims Journal