News
McDonald’s Workers Use Public Nuisance Legal Strategy in Class Action
As U.S. businesses reopen, worried workers and their advocates are borrowing a legal strategy commonly used to shut down rowdy topless bars to try and force employers to strengthen protection against ...
Vehicle Thefts Soaring During COVID Lockdowns
The coronavirus hasn't been kind to car owners. With more people than ever staying home to lessen the spread of COVID-19, their sedans, pickup trucks and SUVs are parked unattended on the streets, ...
101 and Climbing: No. of Federal COVID Biz Interruption Lawsuits Expected to Rise
As of last Wednesday, a federal court had received notice that 101 lawsuits have been filed as of seeking coverage from insurers for business interruption losses caused by COVID-19, and plaintiffs ...
Activist Shareholder to Watford: Sell Yourself or Go Into Runoff
Capital Returns Management LLC, the fifth largest shareholder of Watford Holdings Ltd., is urging the reinsurer to sell itself or be put into runoff. In a letter to Watford's board of directors, the ...
Allstate Tallies April Catastrophe Losses at More Than $600M
The Allstate Corporation announced estimated catastrophe losses for the month of April of $632 million before taxes. The after-tax tally is $499 million, the company said. Six April events ...
WCIRB Lowers Mid-Range Estimate of COVID Workers Comp Costs by $10B
The Workers' Compensation Insurance Rating Bureau of California published estimated costs of allowing state workers to receive benefits for COVID-19 claims without proving virus exposure at work, ...
QBE NA’s CEO Sees No Pacmans Gobbling Brokers Among InsurTechs
As a veteran of the insurance brokerage side of the business, QBE NA's chief executive has heard the predictions that online distribution would replace traditional brokers, but he doesn't see any ...
AIR Worldwide: Global COVID-19 Deaths Could Reach 644,000 in June
Over the next four weeks, the number of global COVID-19 cases could reach 50 million, with 644,000 estimated deaths, according to AIR Worldwide, Verisk's catastrophe modeling unit. As of May 19, ...