Monthly Archives: <span>May 2021</span>

Custard Insurance Adjusters, Inc. Announces Launch of Riverwood Claims Management, Inc. for US and London Markets

Peachtree Corners, GA, May 24, 2021 – Custard Insurance Adjusters, Inc. announced today the launch of their new TPA company, Riverwood Claims Management, Inc. Headquartered in Peachtree Corners, Georgia, Riverwood Claims Management, Inc. will specialize in a full range of …

Moody’s Says COVID-19 Impact on P&C Insurance Sector Was ‘Moderate’

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 …

Tesla Crash Victim Lauded ‘Full Self-Driving’ in Videos on Tiktok

BERKELEY — A Tesla car driver killed in a recent accident in California praised the automaker’s “full self-driving” features, and posted videos on his apparent Tiktok account, in which he appeared to drive with his hands off the wheel. On …

Tycoon Slim’s Business in Spotlight After Mexico Train Collapse

MEXICO CITY — Mexican billionaire Carlos Slim’s construction arm Grupo Carso faces scrutiny from accident investigators for the possible role it played in the building of a metro railway line that collapsed this month, killing 26 people. While no officials …

Hopes Fade for 26 Missing After Barge Sinks in India Storm

NEW DELHI (AP) — Rescuers recovered 12 more bodies on Thursday as hopes faded for 26 people still missing after a barge with 261 onboard sank off Mumbai when a powerful cyclone lashed the region this week, officials said. The …

Wisconsin High Court Rejects Bull Attack Compensation Claims

MADISON, Wis. (AP) — A man who fell into depression and attempted suicide after he was gored by a bull can’t sue an insurance company for deciding to stop covering his medication, the state Supreme Court ruled Thursday. According to …

Michigan Lawmakers Propose $500M to Repair Dams After Breach

LANSING, Mich. (AP) — Michigan lawmakers on Wednesday proposed spending $500 million to repair aging dams a year after a hydroelectric dam failed to hold back floodwaters in the Midland area, causing more than $250 million in damage, draining lakes …

CNA Financial Paid $40 Million in Ransom After March Cyberattack

CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people with knowledge of the attack. The Chicago-based company paid the …

Illinois Supreme Court: Insurer Must Defend Tanning Salon from Biometric Privacy Lawsuit

An insurer must defend a tanning salon from a class-action lawsuit that accuses it of violating Illinois’ unique biometric privacy law by sharing copies of its customers’ fingerprints with a vendor, the Illinois Supreme Court ruled Thursday. In a 6-1 …

Judge Suggests Warning Label as Part of $2B Plan to Limit Roundup Claims

U.S. judge suggested on Wednesday that Bayer AG include a warning label on Roundup as part of a proposed $2 billion settlement to resolve future claims that the top-selling weedkiller causes cancer. Bayer asked U.S. District Judge Vince Chhabria in …