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Bill aims to help small businesses with outage claims

Lawmakers in Washington have introduced a bill that would help small businesses that want to recover COVID-19-related claims under insurance cancellations. SB. 5351 would codify certain protections extended by recent court decisions in favor of policyholders. The Washington proposal would also give small businesses another year to question insurers' denial of COVID-19 business interruptions, beyond the current one-year limit In …

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Action against Neiman Marcus reintroduced for disability

A federal appeals court set aside a district court ruling and reintroduced a disability fee filed by a former employee of Neiman Marcus Group Inc. based on a mandatory arbitration agreement. Tayler Bayer developed emphysema while working in downtown San Francisco. shop operated by Neiman Marcus Group Inc., based in Dallas, according to court documents in Tayler Bayer v. Neiman …

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Millennials think about life, insurance under lock and key

A recent study by a specialized research firm Greenwald Research shows that millennials' thoughts have wandered in various places during the pandemic, even to think about life insurance. The Millennial Life Insurance Survey found that while eight out of ten millennia believe "people like me" need life insurance, less than half know how much life insurance coverage they need. And …

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COVID-19 claims in Oregon acceptable without positive test

Insurers providing Oregon employee compensation will need to conduct a "reasonable investigation" before denying a claim related to COVID-19 exposure at work, according to new guidance issued Wednesday by the Oregon Department of Consumer and Business Services, Workers " The new rules, introduced on September 23, 2020 and formally adopted on Tuesday, will also require an insurance company to report …

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The Zurich unit prevails in the Irma dispute with the construction company

A Zurich Insurance Group Ltd. unit has won a lawsuit against a construction company over compensation for damage to a villa caused by Hurricane Irma from 2017. The Orchards, a housing association in Naples, Florida, had insurance with Zurich Empire Indemnity Insurance Co. when Hurricane Irma damaged 31 of its buildings, according to Tuesday's decision by the 11th U.S. Circuit …

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Florida paid out approximately $ 55 million in COVID-19 claims: Report

About $ 55.4 million was paid out in Florida for more than 29,000 COVID-19 medical and damages claims by 2020, according to a report released Tuesday by the Florida Division of Workers Compensation. All but about 1,000 coronavirus claims came from the education and health care sector and the public administration, which includes primary responses, according to the report. Almost …

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Bill would recall comp for damages due to marijuana abuse

Maryland's lawmakers have proposed a bill that removes a worker's right to workers' compensation for injuries or illnesses caused solely by the effects of improper use of medical marijuana. H.B. 683, introduced on Tuesday, states that an employee covered by or an employee addict would not be entitled to compensation or benefits to workers if accidental personal injury, compensable hernia …

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Allianz CEO calls for capital audit to help finance climate change

(Reuters) – European regulators need to review their capital rules to free up insurers to invest more in climate-friendly infrastructure projects, the CEO of the German insurance company Allianz said on Wednesday. "Today, the regulations we have in Europe have actually discouraged us from helping with the transition," said Oliver Baete, speaking at a virtual meeting of the World Economic …

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Insurers face "astonishing" large loss if the Olympics are canceled

(Reuters) – Insurance companies face a $ 2-3 billion loss if the Tokyo Olympics are suspended this year, which is the largest demand ever on the global event-suspension market, brokers say. With less than six months to go before the Games start, the competition will be at the top of the agenda when the International Olympic Committee (IOC) board meets …

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