It is an election year, which means from now until the polls close in November, politics will be a big topic of discussion. With key electoral events every month of 2020 including caucuses, debates, and elections, and with news and social-media coverage of the same, employers should expect political discussions to find their way into the workplace.
Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect the bosses, industry sources say.
As South Florida media reported on empty supermarket shelves because of COVID-19 panic-buying, some personal injury attorneys say they saw a spike in car accident cases.
Government regulators and agencies are vested with increasingly significant powers to investigateand potentially prosecutecompanies and individuals suspected of wrongdoing. Such investigations are fraught with insurance implications, including, critically, whether and when such an investigation constitutes a claim under an insureds professional liability policy, thereby triggering a carriers defense obligations.
Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy - a sharp rise in payouts at a time of big investment losses.
The wheels of justice are slowing down around the world as court systems based on open, public hearings deal with an outbreak that dictates the opposite.
The novel coronavirus outbreak has crippled the travel industry worldwide. Cruises are canceled, major airports are empty and hotel bookings are bottoming out. But is all of the disruption and money lost by travelers covered by trip insurance? Probably not, experts say, even in the wake of a worldwide pandemic.
The live music industry and the insurance industry are battling over who’s responsible for canceled shows’ multimillion-dollar losses. A contract obtained by Rolling Stone shows coronavirus specifically excluded in coverage.
A British Columbia judge should not have used a North Vancouver ski resorts warning notices to throw a personal injury lawsuit out of court, the provinces appeal court found in a ruling released March 4.
Businesses should brace themselves for a likely flood of shareholder suits related to the new coronavirus outbreak, but the success of any litigation may depend on companies willingness to fully disclose directors and officers liability-related risks now, say many experts.
Given the risk to life and the economic impact of coronavirus, policyholders and the insurance industry alike are watching and considering whether business interruption, event cancellation, or liability and workers compensation insurance benefits may be available while similarly assessing liability risks.
Opening arguments ended Monday in Texas in the highest profile criminal case ever brought against a company and its employees for allegedly failing to adequately prepare for the effects of climate change. The company, Arkema, owns a chemical plant outside Houston that flooded when Hurricane Harvey dumped more than 5 feet of rain on the area in 2017.
At least three people died in a wreck involving 80-100 vehicles Sunday on Interstate 80, while a second crash on I-80 involving at least 30-40 vehicles occurred around the same time, just four miles away.