News
An intermediate Illinois state appellate court has rejected an additional insured’s argument that contradictions between a building subcontract and a CGL policy additional insured endorsement gave rise to ambiguity in the policy, but the insurer must defend the additional insured … Source: Claims Journal
Munich Re and Marsh & McLennan Cos., the largest insurance broker by market value, introduced a product to insure U.S. pharmaceutical companies against regulatory actions that could cause them to suspend manufacturing. The product would cover as much as $10 … Source: Claims Journal
Volkswagen AG executives in Germany controlled the key aspects of emissions tests whose results the carmaker now admits were faked, according to three people familiar with the company’s U.S. operations. The criteria, outcomes and engineering of cars that missed emissions … Source: Claims Journal
A pair of massive California wildfires that have destroyed more than 2,000 structures are now considered among the most damaging fires in state history, and they could change the way insurers view risk or conduct underwriting in rural areas in … Source: Claims Journal
Every fall, the Washington State Department of Labor & Industries (L&I) sets workers’ compensation rates for the following year. As wages and healthcare costs rise, the cost of providing workers’ compensation insurance goes up. This year, the department is proposing … Source: Claims Journal
Call 2015 the year of hurricane anniversary coincidence in Louisiana. Besides marking the 10th anniversary of the devastating hurricanes Katrina and Rita, this year is the 100th anniversary of a deadly storm that struck in 1915, the 50th anniversary of … Source: Claims Journal
Vacant slabs, weed-choked lots and solitary stairs to nowhere permeate this tiny town in southwest Louisiana. All that remains of the Klean-N-Kruise car wash is a rusted white sign overlooking an empty, overgrown lot. Residents travel 30 miles away for … Source: Claims Journal
Bangladesh said it has met the conditions put forward by the United States for better safety and workers’ rights in its factories that were essential to regain preferential trade status the impoverished South Asian nation lost in 2013 after two … Source: Claims Journal
A U.S. judge on Tuesday ruled that Warner/Chappell Music does not own a valid copyright to one of the world’s most recognizable songs, “Happy Birthday to You,” a decision that brings the song into the public domain. The highly-anticipated ruling … Source: Claims Journal
To better meet the property risk engineering needs of commercial insurance policyholders, Boston-based Liberty Mutual has appointed Robert Morelli, National Accounts Engineering Practice Leader. In this role, Morelli is responsible for the development and delivery of engineering products and services … Source: Claims Journal