Claims

Article 0 Comments Neither COVID-19 nor legislation enacted because of it has seriously harmed the creditworthiness of the property and casualty insurance sector, according to a report released by Moody’s Investors Service on Friday. Businesses have filed about 1,700 business-interruption claims because of COVID-19 shutdowns, but those cases are largely being decided in favor of […]

Article 0 Comments The Hartford CEO Christopher Swift expressed confidence that the property/casualty insurer has weathered the worst of the COVID-19 pandemic and that related concerns about business interruption claims have become minimal. “I have never been more excited about The Hartford’s future,” he enthused during the insurer’s Q1 2021 investor call on April 22. […]

Article 0 Comments SAN FRANCISCO/WASHINGTON – A planned Biden administration executive order will require many software vendors to notify their federal government customers when the companies have a cybersecurity breach, according to a draft seen by Reuters. A National Security Council spokeswoman said no decision has been made on the final content of the executive […]

Article 0 Comments NEW YORK (AP) — Brain scans offer a tantalizing glimpse into the mind’s mysteries, promising an almost X-ray-like vision into how we feel pain, interpret faces and wiggle fingers. Studies of brain images have suggested that Republicans and Democrats have visibly different thinking, that overweight adults have stronger responses to pictures of […]

Article 0 Comments In separate opinions, a federal appellate court affirmed rulings that insurers could dodge liability for wrongful acts by their policyholders because the actions were not covered by the policies. In a decision filed Sunday, a panel of the 8th Circuit Court of Appeals upheld a ruling that Federal Insurance Co. is not […]

Article 0 Comments WASHINGTON — Hyundai Motor Co is recalling 129,000 U.S. vehicles for an engine issue that can increase the risk of a fire, U.S. regulators said Friday. The recall covers some 2015-2016 Veloster, 2012 Santa Fe, 2011-2013 Sonata Hybrid, and 2016 Sonata Hybrid vehicles because connecting rod bearings inside the engine may wear […]

Article 0 Comments Del Taco Restaurants Inc agreed to pay $1.25 million and enter a three-year consent decree to settle a U.S. agency’s lawsuit accusing the fast-food chain of failing to stop sexual harassment and retaliation against female employees. The U.S. Equal Employment Opportunity Commission said on Wednesday that the decree requires Del Taco to […]

Article 0 Comments COLUMBUS, Ohio — An Ohio woman who fled the United States for Mexico ahead of her sentencing in one of the biggest corporate fraud cases in decades is asking for early release from prison, citing poor health and fear of contracting the coronavirus behind bars. Rebecca Parrett, now 72, was convicted in […]

Article 0 Comments Systems meant to keep motorists safe failed to prevent a pickup driver on drugs from crashing last year into an oncoming group of motorcyclists in New Hampshire, leading to the death of seven bikers, the National Transportation Safety Board found Tuesday. The board unanimously approved a report that determined that Volodymyr Zhukovskyy’s […]

Article 0 Comments There’s an unusual asset up for grabs in Century 21 Stores’ going-out-of-business sale: a stake in its long-shot legal fight against insurers. The New York department store company, which filed for bankruptcy in September, claims it’s owed more than $175 million from business interruption policies because Covid-19 devastated its operations, according to […]