Claims / Legal
Trump Jumps Into Business Interruption Coronavirus Claims Fight, Urging Carriers to Pay Up
President Donald Trump on Friday staked out his position in a legal battle over business-interruption claims: Unless the policy excludes pandemics, insurers should pay. Trump spoke about the issue ...
Claims Professionals Adjust to a Landscape Changed by Coronavirus Pandemic
The coronavirus pandemic has not shut down the day-to-day business of adjusting claims, but the workload is lighter and claims managers are coping with evolving government regulations and guidelines. ...
Weather Risks Could Become Uninsurable Without Acting on Climate Change: Swiss Re
Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which ...
Zoom Class Action Suit Alleges Overstatement of Privacy Standards, Nondisclosure of Security Flaws
Zoom Video Communications Inc was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to ...
Allianz Warns Facilities Shut Down During Pandemic Pose New Risks
Many companies are having to shut down their premises temporarily at short notice due to the Covid-19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), ...
With Ship Crews Stuck in Lockdown, Global Supply Chains Are Strained
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Hubs like ...
Cryptocurrency Issuers, Exchanges Slammed With U.S. Class Action Lawsuits
Investors have brought class action lawsuits in federal court against seven cryptocurrency issuers and four exchanges, claiming they sold billions of dollars in unregistered assets in violation of ...
A Double-Whammy for Travelers When Carriers Refuse Virus Payouts
Purchasers of travel insurance are finding their policies all but worthless as the global pandemic forces them to change their plans, or worse, leaves them sick at sea. Most travel insurance ...