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Business Insurance - _Risk Management

Objectors to class-action settlements must return funds
Objectors to class-action lawsuit settlements should not be allowed to engage in “blackmail” for their own financial benefit, said a federal appeals court Thursday in reversing a lower court ruling.

POSTED AUGUST 07, 2020 1:57 PM

Hurricane Isaias insured losses likely to top $1 billion: Aon
Insured losses from Hurricane Isaias are expected to top $1 billion, according to a report Friday from Aon PLC.

POSTED AUGUST 07, 2020 1:55 PM

Beer board says it can’t be sued for turning off honky-tonk taps
The Country Music capital’s board authority on beer is asking a federal court to toss out a lawsuit filed by several Nashville, Tennessee, honky-tonk bars over COVID-19 closures.

POSTED AUGUST 07, 2020 1:52 PM

N.M. requires employers to quickly report positive COVID-19 tests
The New Mexico Environment Department filed an emergency amendment Wednesday to require employers to disclose positive COVID-19 cases among their employees to the state within four hours of being notified of the test results.

POSTED AUGUST 07, 2020 12:30 PM

Georgia governor signs COVID-19 liability shield
Georgia Gov. Brian Kemp on Wednesday signed into law a bill that provides businesses and health care facilities and workers with immunity from COVID-19-related litigation.

POSTED AUGUST 07, 2020 12:20 PM

News – Insurance Journal

CoreLogic Calls Special Meeting on Takeover Bidders’ Candidates for Board
The board of directors of data and analytics firm CoreLogic (NYSE: CLGX) has called a special meeting of shareholders for November 17, 2020 to consider the replacement of up to nine directors with nominees chosen by the two firms looking …

POSTED AUGUST 10, 2020

India’s Aviation Regulator Points to Pilot Error in Air India Express Crash
The Air India Express jet that overshot the runway on Friday, killing at least 18 people, had touched down too far along the airstrip, the chief of India’s aviation regulator said amid ongoing investigations. Arun Kumar, director general for civil …

POSTED AUGUST 09, 2020 12:30 PM

Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources
Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an explosion at the Chinese port of Tianjin in 2015, industry sources and analysts say. The blast on Tuesday, the biggest …

POSTED AUGUST 09, 2020 11:32 AM

Appeals Panel Rejects Suit over Abandoned Mine Shaft Death in Colorado
A federal appeals panel has upheld the dismissal of a wrongful death lawsuit filed by the family of a woman who died when the car she was riding in drove off a Forest Service road and into an abandoned mine …

POSTED AUGUST 07, 2020 9:17 PM

8 Washington Fitness Centers Cited for Violating Safe Start Order
Operators of eight fitness centers in Eastern Washington face fines totaling more than $77,000 for being open in violation of the state’s Safe Start order. The Washington State Department of Labor & Industries recently cited the companies for potentially exposing …

POSTED AUGUST 07, 2020 9:14 PM

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Legislatures AdvanceCOVID-19-related Bills
As states struggle to identify the best ways to reopen their economies, agencies, and schools from the coronavirus-related lockdown, legislatures have been moving forward legislation to protect them and the people they employ. Virginia Approves Worker Health & Safety Standard The Virginia Occupational Safety and Health (VOSH) – the state’s version of the federal Occupational … Continue reading →

POSTED AUGUST 07, 2020 5:48 PM

2020 hurricane forecast updated: “Extremely active” season expected
The 2020 Atlantic hurricane season activity is projected to be “extremely active,” according to Triple-I non-resident scholar Dr. Phil Klotzbach. Dr. Klotzbach, an atmospheric scientist at Colorado State University (CSU), and his team issued an updated forecast on August 5. They project the 2020 Atlantic hurricane season will have 24 named storms (up from 20 in … Continue reading →

POSTED AUGUST 05, 2020 3:05 PM

Isaias update: August 4, 2020
During the evening of August 3 Hurricane Isaias hit North Carolina, flooding areas along the shore as well as inland. The National Hurricane Center (NHC) reports that at the time of its landfall near Ocean Isle Beach, North Carolina, shortly after 11 p.m., Isaias carried sustained winds of 85 mph and was classified as a … Continue reading →

POSTED AUGUST 04, 2020 3:35 PM

Isaias update: August 3, 2020

POSTED AUGUST 03, 2020 1:47 PM

Isaias Expected to ApproachFlorida This Weekend
Hurricane Isaias is expected to strengthen somewhat, to a strong Category 1 hurricane, as it crosses over the Bahamas Friday and Saturday. The National Hurricane Center (NHC) now forecasts Isaias will come extremely close to the east coast of Florida later this weekend. According to the National Weather Service (NWS), the strongest winds in Florida … Continue reading →

POSTED JULY 31, 2020 4:57 PM

Isaias Meets COVID-19: South Floridians Advised to Consider Evacuation
South Floridians should “start to examine what other opportunities or options they may have to be out of South Florida,” Broward County Sheriff Gregory Tony said in a virtual press conference as a broad area of low pressure looked increasingly likely to turn into Tropical Storm Isaias. Tropical storm-force gusts could arrive in Florida as … Continue reading →

POSTED JULY 30, 2020 3:01 PM

Potential Tropical Cyclone 9 impacts likely in Puerto Rico, Florida
A broad area of low pressure called Potential Tropical Cyclone 9 will likely become Tropical Storm Isaias in the eastern Caribbean. If it were to get named, it would be the fifth named storm to form this July. The most Atlantic named storms to form in July on record (since 1851) is 5 in 2005. … Continue reading →

POSTED JULY 30, 2020 2:05 PM

Chubb CEO says business interruption policies are a good value and work as they should
In a July 29 earnings call Evan Greenberg, the CEO of Chubb, addressed the lawsuits filed by many businesses over business income (interruption) coverage during the COVID-19 pandemic. He stressed that even though business interruption (BI) policies do not cover a pandemic, they are a good value and work as intended. “Standard BI policies, which … Continue reading →

POSTED JULY 30, 2020 12:17 PM

Electric vehicle sharing programs: What to know before you ride
The proliferation of electric ride-sharing services throughout the U.S. is fueled by demand for affordable and green transportation options. Vehicles ranging from e-scooters, electric bicycles and mopeds are easily accessible via apps. But regulators have to balance the popularity of the sharing programs with public safety, as injuries and even a few fatalities have occurred. … Continue reading →

POSTED JULY 29, 2020 8:25 PM

Insurance Careers Corner: Q&A with Rahel Abraham, ClimaGuard
By Kris Maccini, Social Media Director, Triple-I Triple-I’s “Insurance Careers Corner” series was created to highlight trailblazers in the insurance industry and to spread awareness on the career opportunities within the industry. This month we interviewed Rahel Abraham, CEO of ClimaGuard, a Houston-based start-up that provides protective coverings for cars (and personal belongings) to prevent … Continue reading →

POSTED JULY 29, 2020 6:28 PM

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