Archive for December 2023

A New York judge has ruled that the “plain language” of Chubb Insurance policies dictates that the insurer must cover the Archdiocese of New York parishes and schools as they contend with thousands of sex abuse lawsuits. Chubb has balked … Source: Claims Journal

While Florida’s property insurance landscape appears to be leveling out, much more funding is needed to fortify homes against hurricane winds and prevent devastating losses for insureds and insurers, a few panelists said at the Florida Chamber’s Insurance Summit last … Source: Claims Journal

A volcanic eruption has begun in the southwest of Iceland, sending fountains of molten lava hundreds of feet up into the sky. At risk are an evacuated fishing town to the south of the site, a power plant and the … Source: Claims Journal

Tesla’s recent product recall has cast a spotlight on the essential role of specialty insurance coverage in the rapidly evolving automotive industry. With the electric vehicle market’s rapid growth, the risks inherent in such advanced technologies become increasingly apparent, as … Source: Claims Journal

A California appellate panel overturned a Workers’ Compensation Appeals Board ruling that “an administrative irregularity” allowed the board to waive the statutory 60-day deadline to act on an appeal from an administrative law judge’s order. The Second Appellate District issued … Source: Claims Journal

At least six major U.S. companies including JPMorgan Chase have modified policies meant to boost racial and ethnic representation that conservative groups threatened to sue over, a Reuters review of corporate statements has found. The companies are among 25 that … Source: Claims Journal

FORT LAUDERDALE, Fla. (AP) — It’s beginning to look at lot like … hurricane season — at least across much of South Florida, where it’s been windy and rainy for two days and the forecast predicts more of the same … Source: Claims Journal

A “blockbuster” storm tearing up the East Coast that has already knocked out power to hundreds of thousands of customers and grounded hundreds of flights promises to bring flooding rain and dangerous winds through Monday. The heaviest rain will likely … Source: Claims Journal

LOS ANGELES (AP) — Activision Blizzard has agreed to pay about $54 million to settle discrimination claims brought by California`s civil rights agency on behalf of women employed by the video game maker. The settlement, which is subject to court … Source: Claims Journal

LOS ANGELES (AP) — A Tesla driver will pay more than $23,000 in restitution for the deaths of two people during a 2019 car crash in a Los Angeles suburb, a decision announced the same day that the automaker recalled … Source: Claims Journal