Archive for May 2021

Neither COVID-19 nor legislation enacted because of it has seriously harmed the creditworthiness of the property and casualty insurance sector, according to a report released by Moody’s Investors Service on Friday. Businesses have filed about 1,700 business-interruption claims because of … Source: Claims Journal

BERKELEY — A Tesla car driver killed in a recent accident in California praised the automaker’s “full self-driving” features, and posted videos on his apparent Tiktok account, in which he appeared to drive with his hands off the wheel. On … Source: Claims Journal

MEXICO CITY — Mexican billionaire Carlos Slim’s construction arm Grupo Carso faces scrutiny from accident investigators for the possible role it played in the building of a metro railway line that collapsed this month, killing 26 people. While no officials … Source: Claims Journal

NEW DELHI (AP) — Rescuers recovered 12 more bodies on Thursday as hopes faded for 26 people still missing after a barge with 261 onboard sank off Mumbai when a powerful cyclone lashed the region this week, officials said. The … Source: Claims Journal

MADISON, Wis. (AP) — A man who fell into depression and attempted suicide after he was gored by a bull can’t sue an insurance company for deciding to stop covering his medication, the state Supreme Court ruled Thursday. According to … Source: Claims Journal

LANSING, Mich. (AP) — Michigan lawmakers on Wednesday proposed spending $500 million to repair aging dams a year after a hydroelectric dam failed to hold back floodwaters in the Midland area, causing more than $250 million in damage, draining lakes … Source: Claims Journal

CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people with knowledge of the attack. The Chicago-based company paid the … Source: Claims Journal

An insurer must defend a tanning salon from a class-action lawsuit that accuses it of violating Illinois’ unique biometric privacy law by sharing copies of its customers’ fingerprints with a vendor, the Illinois Supreme Court ruled Thursday. In a 6-1 … Source: Claims Journal

U.S. judge suggested on Wednesday that Bayer AG include a warning label on Roundup as part of a proposed $2 billion settlement to resolve future claims that the top-selling weedkiller causes cancer. Bayer asked U.S. District Judge Vince Chhabria in … Source: Claims Journal

NEW ORLEANS (AP) — An offshore oil industry boat had begun to lower its legs and was trying to turn to face heavy winds when it flipped in the Gulf of Mexico off Louisiana last month, according to a preliminary … Source: Claims Journal