Monthly Archives: <span>March 2020</span>

Insurance Claims Unlikely to Cushion Coronavirus Losses – But There Are Exceptions

Don’t look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from the deadly Covid-19 virus that’s sweeping across the globe. The world’s largest insurers have learned lessons from previous health crises, …

Half of World’s Sandy Beaches May Disappear, Say Climate Researchers

Scientists say that half of the world’s sandy beaches could disappear by the end of the century if climate change continues unchecked. Researchers at the European Union’s Joint Research Center in Ispra, Italy, used satellite images to track the way …

Unwitting Insurers May Be Subsidizing Marijuana Grow Houses

GARDEN GROVE, Calif. — While California has a $1.4 billion legal marijuana market, a black market of perhaps equal size is thriving. Some enterprising growers are working on ways to get home insurers to cover their capital costs. A presentation …

Marsh Seeks 2020’s Best Cybersecurity Products

Global insurance broker Marsh announced the 2020 opening of its Cyber Catalyst program that identifies cybersecurity products that cyber insurers believe can be effective against major cyber threats. The program, launched last year, awards Cyber Catalyst designations to the products …

Chubb Expands North American Claims Leadership with Hazelton, Watt

Chubb has expanded its North America claims leadership team with two appointments: Bill Hazelton has been named head of Chubb North America Claims, and Megan Watt has been appointed to a newly created leadership role, head of North America Complex …

Building Information Modeling Pitched as Claims Management Tool

GARDEN GROVE, Calif. — As an attorney who focuses on construction litigation, Vasko C. Alexander says he has spent a good part of his legal career inside mediation sessions where contractors, subcontractors, owners and architects blame one another for whatever …

Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations

Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare better. That is because a new type of insurance …

Popular Climate Change Mitigation Financing Plan Has Its Fans and Foes

A decade ago, if a Floridian wanted extra cash to replace a roof, install solar panels or a brand new air conditioner, the most common choice was a bank loan. But for the last few years, homeowners also have had …

Australian Court Orders J&J to Pay $1.7 Million in Pelvic Implant Case

An Australian court on Tuesday ordered Johnson & Johnson to pay three women a total of A$2.6 million ($1.7 million) plus legal costs as compensation for misleading patients and surgeons about the risks of its pelvic mesh implants. The Federal …

AIR Worldwide Pandemic Model Identifies Countries at Highest Risk for Coronavirus

AIR Worldwide published an evaluation of potential coronavirus disease 2019 (COVID-19) cases in other countries, using its pandemic model to run hypothetical scenarios that could reveal those countries at the highest risk for onward infections. In these scenarios, AIR simulated …