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

UK Seeks to Reform How Motor, Home Insurers Treat Loyal Customers

The Financial Conduct Authority has set its sights on revamping the UK motor and home insurance marketplace to help customers, especially loyal policyholders, save money. The FCA is proposing reforms of these markets that it says will “enhance competition, ensure …

2 Cruise Lines Submit 74 Safety Steps to Convince CDC to Lift No-Sail Order

A panel set up by Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd. said on Monday it had submitted a report to the U.S. Centers for Disease Control and Prevention (CDC) detailing health and safety protocols, hoping to set …

COVID-19 Vaccine Makers Expect EU Liability Shield for Unexpected Side-Effects

Vaccine makers will be indemnified in Europe if their COVID-19 shots cause unexpected side-effects, an industry official said on Tuesday, as nearly 40 firms pursue talks on possible authorisation for shots in development. The European Commission has confidential liability clauses …

Banks, Insurers Await ‘Brexit Dividend’ of ‘British-Style’ Regulation

Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain will soon unveil new legislation for regulating the City of London, …

Insurance Advisory Organization’s Pandemic Endorsement Approved by 6 States

AAIS (the American Association of Insurance Services) has received approval from six state insurance departments for its health-emergency policy endorsement, clarifying coverage and cancellation provisions in the wake of COVID-19. To date, the endorsement has been approved in Arkansas, Arizona, …

Minnesota Warns of Possible Health Care Patient, Donor Data Breach

Patients and donors to at least four different health care providers in Minnesota are being notified that their personal information may have been compromised. The potential data breach involves hundreds of thousands of patients and donors at Children’s Minnesota, Allina …

5th Circuit Reasserts Bad Faith Not Necessary to Win Interest Penalty Against Texas Insurers

A Houston plaintiff’s attorney defeated State Farm Lloyd’s for the fourth time on the same issue, this time coming away with a federal appellate court ruling that policyholders don’t have to prove that their insurer acted in bad faith in …

3 Alabama Counties Receive Federal Disaster Declaration for Sally Damage

President Donald Trump on Sunday declared a major disaster in three Alabama counties battered by Hurricane Sally. Storm surge and torrential rains swamped Mobile and Baldwin counties on either side of Mobile Bay when slow-moving Sally made landfall Wednesday on …

Frequent Wildfires Decimating Forests Becomes Concern Worldwide

Wildfires among ponderosa pines and Douglas firs of the U.S. West have long been part of nature’s cycle of renewal, as much as the changing of the seasons. But as climate change makes the region more arid, wildfires have grown …

International Conference to Examine Abusive Behavior in Gymnastics

The international gymnastics federation will hold a conference next month to discuss misconduct and abuse in elite programs and develop new rules of conduct, the body said Friday. Gymnasts from countries including Britain, the Netherlands and Australia have come forward …