Every industry has been impacted by actions taken to control the spread of COVID-19, including the automotive industry. Growing unemployment, coupled with a pivot to remote working, has changed consumer priorities and curtailed car-buying habits.
The insurance industry rose up in unison in briefs last week urging the Judicial Panel on Multidistrict Litigation not to consolidate more than 100 federal-court suits by companies contending they were wrongfully denied insurance coverage for lost business related to COVID-19 closures.
A tornado was spotted in downtown Orlando Saturday evening after severe storms were reported in the area. The National Weather Service confirmed that an EF-1 tornado moved through Orlando, with winds reaching 100 mph to 105 mph.
Ten racehorses were killed in a fiery tractor trailer crash early Sunday morning on the New Jersey Turnpike. Two of the horses identified in the crash were sired by champion horses.
While the insurance industry grapples with the coming influx of Covid-19 litigation, transportation insurers would be wise to use their 2008 playbook for insight into how claims trends will unfold.
In times of crisis, human nature dictates that we focus on the present with microscopic vision. As COVID-19 wreaks havoc worldwide, businesses have entered survival mode.
Tropical Storm Cristobal downgraded to a tropical depression Monday morning as it continued to spiral north into Louisiana after a weekend that plagued Florida with tornado warnings including an EF1 tornado that damaged homes in Orlando.
As high-profile events are canceled, supply chains are disrupted, and millions of businesses throughout the country are ordered to close their doors—all to mitigate the spread of COVID-19—the dire economic consequences continue to escalate.
With COVID-19 disrupting business, most employees in the insurance and insurtech industries have been forced to work from home. We are on week 12 of having most of our employees working remotely.
The central coast of Louisiana remains the consensus target of Cristobal, which forecasters expect to regain tropical storm strength as it moves north over the Gulf of Mexico to make landfall late Sunday or early Monday after it completes a disruptive spin across the Mexico coast of the Bay of Campeche on Friday.
While battling a large fire aboard a cargo ship at Blount Island, the Jacksonville Fire and Rescue Department said an explosion occurred, injuring firefighters. According to Fire Chief Keith Powers, eight firefighters were injured in the explosion, and an additional firefighter was treated for heat exhaustion.
It has been two months since COVID-19 began to turn the U.S. economy upside down. Suffering massive losses due to the damage caused by coronavirus, businesses have quickly turned to their insurance companies for assistance.
Honda has issued a recall and stop-sale order on 136,057 Honda and Acura models, mostly from the 2018 and 2019 model years, to fix a fuel pump that could fail, causing the vehicle to stall.
The severe thunderstorms that blasted the region midday Wednesday killed at least three people and knocked out power to tens of thousands, officials said.
