Archive for April 2022

Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would “vigorously defend” itself against any legal claims. Greensill’s supply chain … Source: Claims Journal

With buyers’ needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly, according to a broker report, which points to inflation discussions and sanction exclusion wording as notable highlights. “Inflation remains a … Source: Claims Journal

A decision handed down Thursday by the Florida Supreme Court, along with a recent ruling by state regulators, could give insurers another tool that could be used to stem the tide of claims litigation. In AirBnB Inc. vs. John Doe, … Source: Claims Journal

SAN ANTONIO, Texas — The use of appraisals to resolve insurance claims disputes is the new normal, even though insurers don’t trust the process to bring about a fair result, an attorney and a claims examiner said Monday during the … Source: Claims Journal

New Hampshire landowners who make their properties available to the public for recreation at no charge do not enjoy complete immunity under the state’s recreational use statute. Landowners have immunity from negligence only where the victim of negligence is actually … Source: Claims Journal

Nationwide Mutual Insurance Co. does not have to defend its insured, an Alabama man who abused a 10-year-old girl, leaving the victim with little recourse for winning significant civil damages, a federal appeals court decided last week. The 11th U.S. … Source: Claims Journal

DENVER (AP) — The Rainbow Gathering of the Tribes plans to return to Colorado this summer to celebrate its 50th anniversary. The weeks-long confab that draws tens of thousands of hippie campers to public lands announced this week that the … Source: Claims Journal

The one-two punch of nasty wildfires followed by heavy downpours, triggering flooding and mudslides, will strike the U.S. West far more often in a warming-hopped world, becoming a frequent occurrence, a new study said. That fire-flood combination, with extreme drenchings … Source: Claims Journal

A decision handed down Thursday by the Florida Supreme Court, along with a recent ruling by state regulators, could give insurers another tool that could be used to stem the tide of claims litigation. In AirBnB Inc. vs. John Doe, … Source: Claims Journal

BEIJING (AP) — U.S. accident investigators arrived in China on Saturday to help authorities look for clues into what caused last month’s crash of a Boeing jetliner with 132 people aboard. The seven-member team from the National Transportation Safety Board … Source: Claims Journal