Comp may drive property/casualty losses from coronavirus: Report
Losses in the property/casualty insurance industry could top $100 billion from the COVID-19 pandemic, with workers compensation driving the losses more than other lines, according to a risk analysis of the insurance industry that Wells Fargo & Co. released Thursday.
Broker seeks dismissal of restaurant’s COVID-19 lawsuit
The insurance broker for a Kansas City, Missouri, barbecue chain asked a court this week to throw out a negligence claim brought by the company alleging the broker was in part responsible for an insurer’s denial of coverage for coronavirus-related business interruption losses.
Argo to pay $900,000 SEC fine related to undisclosed CEO perks
Argo Group International Holdings Ltd. has agreed to pay a $900,000 civil fine to settle U.S. Securities and Exchange Commission charges that it failed to disclose millions of dollars in executive perks provided to former CEO Mark Watson.
Worker cannot proceed with emotional distress claim
An employee who witnessed the death of his co-worker cannot bring a claim for emotional distress against his employer, an appellate court held Thursday.
Self-driving firms criticize study suggesting crash prevention limit
Companies working on self-driving vehicles have criticized an insurance industry study suggesting that only a third of all U.S. road crashes could be prevented by driverless cars, arguing that the study has underestimated the technology's capabilities.
Insurer loses legal malpractice ruling in reversal
A federal appeals court has reversed its previous ruling and reinstated litigation filed by a law firm against its legal malpractice insurer.
Berkley wins construction dispute over Dolphins stadium
A W.R. Berkley Corp. unit has prevailed in litigation with a construction firm over a Miami Dolphins football stadium renovation, with the court ruling the claim was filed outside the time limit imposed by its claims-made coverage.
Global Risk Solutions launches complex claims unit
Claims administration firm Global Risks Solutions Inc. launched a major complex loss unit on Thursday with loss adjusting teams based in the United Kingdom and the United States.
Don’t drink so close to me
Will a bump become the new glass-toasting cheers? Bars and restaurants excited to reopen are getting creative with social distancing requirements to comply with municipal guidelines aimed at preventing the spread of COVID-19.
Lawmakers give green light to comp bill on audible trauma
Colorado lawmakers on Tuesday sent to Gov. Jared Polis a bill that would make workers subjected to audible psychological trauma eligible for workers compensation benefits.